By Xander Snyder of Geopolitical Futures

June 14 brought good news and bad for the United States. The U.S. Federal Reserve announced that it would increase the federal funds rate – the rate at which banks borrow from one another in private markets – from 1 percent to 1.25 percent. That the Federal Reserve would raise short-term borrowing rates is not wholly surprising – it started raising them incrementally in December 2015, when rates were still at 0.25 percent. What’s surprising is…Read More