If they do raise a miniscule 25 basis points...asset values will plummet. IMO I have a feeling they might try it if the market stays in this range. They might feel like they need to do something different. The reality is that they are trapped. i.e. Japan I think it would be interesting to be at G20 meeting in September. Lot's of currency talk will be happening. PM mining stock could take a hit along with overall market if they do raise rates but I think they will bounce back once the Fed reverses course in desperation. JMHO