The Federal Reserve was adamant about reversing their series of rate hikes last December, only to be forced to back-track when economic growth reignited in the first quarter. When growth reaccelerated, there were even calls, albeit muted, that the Fed would need to raise interest rates at least one more time. Through the second quarter, the talk of another rate hike has been quelled by a resumption in the fall of inflation and a cooling in the job market.