As was expected, the US Federal Reserve raised interest rates by 0.25% yesterday. It’s now set to a target range of 3.75% to 4.00%.

This hasn’t caused any changes to the HISA and short term bond table — yet. I’d expect the HISAs to raise their rates in the coming days. Typically increases in the US rate without corresponding changes in the Canadian rate lead to additional weakness in the Canadian dollar. This no longer matters much to me as I’ve completed my task of Kicking USD out of my retirement portfolio, but it may be of interest to you.

The US Fed next sets interest rates on October 28, 2026.