&gt; <i>it seems unlikely that interest rates will rise for the foreseeable future</i><p>Based on the past two weeks of the stock market? I&#x27;m not so sure. A choppy stock market may certainly slow down the Fed&#x27;s plans for 2016, but Yellen seems hellbent on getting away from ZIRP (and the aforementioned weirdness it creates, like pension funds investing heavily in CRUD apps) before the end of this business cycle. If she doesn&#x27;t, she&#x27;s reliant on Congress to prop up the economy whenever it inevitably enters a recession, and given Congress&#x27;s recent track record I doubt that&#x27;s a gamble she wants to take.