I suppose the fed could cut rates in the next three months, however currently they are mostly making noises about not moving it up or down. Other people's current predictions on this are all over the place and seem more dependent on what each author would prefer than neccessarily any reality. I can find mainstream articles telling me why the fed must move rates up and others that insist that they must move them down. This makes me suspect that the fed is probably going to remain roughly fixed, at least for a bit.