Inflation is down, the labor market is robust and we are not in a recession so you can expect that the Federal Reserve will quite likely raise interest rates a quarter point at their next meeting. The decrease in inflation is good news for consumers and for policymakers. We still have a bit to go to get to a level of inflation the Fed is comfortable with. Barring a dramatic change in the labor market or the level of overall economic activity, expect further interest rate increases.

This is my interpretation as an economist not at the fed or in another government agency and with access only to the same public information you have, but with a bit more background in macro. As always, I may be wrong!