Inflation is still low and so the Fed is in no rush to raise interest rates. The market is expecting no less. Fed fund futures expiring next November are priced for only a slight rise in Fed funds—roughly 38 basis points vs. the current target rate of zero to 25 basis points. Cheap money won’t last forever, but almost no one thinks higher rates are imminent. Still, it’s not too soon to consider the future, including the possible triggers that launch the Fed’s exit strategy.