Hoosier's note: With the US economy barely growing, coupled with low inflation rates, i.e. below the Fed's target (inflation) rate of 2.0%, I think the Fed is quite likely to hold back on raising rates. The market consensus, on when the Fed will start to raise rates, has shifted from June, 2015, to September, 2015.
Although I first thought that the Fed would raise rates by June, 2015, I would not be surprised if the Fed will delay raising rates until early to mid-2016--the timing, i.e. to raise rates by early to mid-2016, may be just nice for a Stock Market Crash until [almost immediately] after the 2016 US Presidential Elections.