"In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal.

The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data."
https://www.federalreserve.gov/newsevents/press/monetary/20170201a.htm


Vanguard suggests 30 E, 65 F & 5 res for someone my age.
My current mix is 37 E, 58 F & 5 res. The fixed are 50/50 Mid & LT corp. debt. Took a little nick in those when rates rose in the fall-13 basis pts. No big deal. I'm looking to rebalance the LT soon. Heard the other day maybe two rate hikes this year, possibly May & Nov? May rate hike may be baked in the market already? I'm up 6.5 over 14 months, 3.0 coming since Jan.1.