My cynical conspiracy theory is that the Fed won't be raising rates for the next five to ten years, but they can't let us know. Otherwise, asset prices will increase significantly and create numerous financial bubbles. So the Fed will officially keep talking about raising rates, but use every negative event to delay delivering an actual increase.
The Brexit vote is exactly the public reason the Fed needed to avoid raising rate in the near term, and even, for the next two years. In the meantime, the Fed will keep jawboning about being data dependent and keeping an imminent rate increase in front of investors.
Ben Bernanke was right that interest rates won't be increasing during his lifetime.
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This is not financial advice. Please consult a professional advisor.
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