It appears possible although many analysts believe September is more probable. The key here is that inflation is very low and until we see signs of it increasing the Fed will probably hold its course. But then again, this is the Federal Reserve we are talking about! We believe that the following rates applied to the RP-2014 Base Mortality Table with an MP 2014 projection for future mortality improvement will give you a pretty good indication of the price of a group annuity contract. Use the smaller rate for small contracts.