Forget about CNBC, Bloomberg, Reuters, Analysts Reports, Newspapers e.t.c. It's best to be informed from the source.
"......When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run......"- Federal Open Market Committee, 17 Dec 2014
Seems like those who are heavily leveraged in loans, especially floating rate home / mortgage loans can heave a great sigh of relief.
Current US inflation rate: 1.3% as reported by the Bureau if Labor Statistics (BLS) on December 17, 2014. ...
