Interest Rates rising or falling???

"CONSUMER PRICES HELD STEADY IN JULY The Labor Department reported today that consumer prices remained unchanged in July but indicated inflation worries are still not severe enough to push the Federal Reserve Board to lower interest rates. According to the department's monthly survey of retail prices, the Consumer Price Index (CPI) rose 0.1 percent in July following a 0.2 jump in June, up 2.4 percent from July 2006.
Energy costs are falling after considerable spikes earlier this year, according to the report. Gasoline prices dropped by 1.7 percent in July, helping to hold inflation pressures down to a low simmer and bolstering the government's position that serious economic erosion has yet to warrant the lowering of interest rates." As per today's report from California Association of Realtors.