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KAI RYSSDAL: It's now seven meetings in a row the Federal Reserve has declined to move interest rates one way or the other. Even as economic growth slows, Gross Domestic Product slumped badly last quarter. The job markets sluggish at best. And inflation's reasonably tame.

So we got Greg McBride from Bankrate.com on the phone. And asked him, what the heck?

GREG MCBRIDE: We're just now seeing the effects of last year's rate hikes. The Fed has wanted ample time to sit back and evaluate fully the impact of those previous rate hikes before they made any moves one way or the other.

Five and a quarter percent's where the Federal Funds Rate sits. We'll do the Fed dance all over again come the last week of June.