The fed reserve finally painted themselves into an inescapable corner. Keep interest rates where they are, and the economy and the stock market stagnate. Lower them, and inflation flares up again. Pick your poison.
My prediction. The Fed actually cares little about the US economy. Or inflation. Their main concern is the election of democrats. Rates will therefore be cut. This nation is doomed to hyperinflation. Put some money into real stuff: gold, commodities, real estate etc.