This is a good thing. Low interest rates mean that business can borrow money for expansion cheaper. It means that people can build bigger houses with the same amount of money, it means more people can buy new cars, new frigs and other credit-worthy items. The only reason the federal reserve would raise interest rates is because of inflation, and there have been a lot of indicators recently that inflation may show up later this year.. things like the high consumer confidence levels as well as decent unemployement numbers. But oil.. oil saves us. Today, again oil dropped almost 10%. Oil is a big part of the economy, and trickles itself into almost every aspect of the US economy, from food to housing. When oil is low, it allows businesses to keep their prices the same, but make a bigger profit. If their prices are the same, that means no inflation. We will see, but if the price of oil doesn´t rebound rapidly, I think the fed can safely keep interest rates where they are for the rest of the year.