The US Federal Reserve, with a bit of drama emerging in the ranks, held their key rate steady today. The target rate sits within the 3.5% to 3.75% range.

This is of interest to the DIY investor insofar as it influences the rates you can expect from high interest savings accounts (HISAs) and ultra short term bond funds. I try to keep track of the latest rates over at HISA and short-term bond table (Canada & US) so your idle cash is a little less idle.

The next Fed meeting where rates could change is scheduled for September 16th.