It looks like we are going to get no change from the FED and honestly I don't expect one any time soon. With a new president coming into power and doing some rather big changes it's only expected that inflation is going to come back in a big way at least for a bit of time as the changes take place.
This wont happen overnight either. With energy and trying to bring down inflation it takes a few months for that new oil etc to get into the system. Plus I'm not even sure the oil we produce here will be cheaper being how high our labor costs are in the USA compared to other countries we import the oil from.