The formal word has yet to be announced by the Federal Reserve but the entire financial community is expecting to hear Fed Chair, Janet Yellen, say that short term interest rates will rise for the coming year.
But the question is by how much. Experts believe we will see tiny increases in interest rates during the course of the year. However, the consensus suggest that we won't likely see a full 1% increase for awhile.
The bottom line is while it appears rates will definitely rise the fact is we will still be in an environment of historic lows.