Over the past three years (shown above) interest rates have fallen into three categories....

• LOW:  4.5% - 5.0%
• SUPER LOW: 4.0% - 4.5%
• ABSURDLY LOW:  3.0% - 4.0%

As you can see above, interest rates have spent the most time in the ABSURDLY LOW category over the past years -- and apparently interest rates will be going up "soon, but not now" per a Washington Post article about the recent Federal Reserve meeting....

The Federal Reserve made few waves when its top brass met in Washington last month for their regular policy-setting meeting. Its target interest rate — pegged at zero since the financial crisis — remained unchanged, and the central bank’s official statement offered few clues of when it might rise.

But the minutes of the July meeting, released Wednesday afternoon, show that Fed officials were busy making preparations behind the scenes as they inched closer to increasing the benchmark rate for the first time in nearly a decade. Many economists and investors think the Fed could move at its meeting next month. The minutes made clear that officials needed more data before deciding — but also that they wanted to ensure everything was ready to go if they did.

Read more in the full Washington Post article, This is how the Federal Reserve is preparing to raise interest rates.