Tag: interest rate announcement

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News: US Fed holds rates steady (again)

RobHLeave a comment

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.

silhouette of a person practicing yoga indoors

News: US Fed holds rates steady (again)

RobHLeave a comment

The US Federal Reserve, to the surprise of no one, held their key rate steady today. The target rate sits within the 3.5% to 3.75% range. This mirrors last week’s announcement by the Bank of Canada.

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 July 29th, a few weeks after the Bank of Canada’s announcement on July 15th.

News: Interest Rate Updates for Canada, US

RobHLeave a comment

Eight times a year, the Bank of Canada and the US Federal Reserve have meetings to set and announce their key interest rates. In what I’m sure is a total coincidence, they often happen on the same day. Per the Bank of Canada and the US Fed, here are the dates for 2026:

  • Wednesday, January 28
  • Wednesday, March 18
  • Wednesday, April 29
  • Wednesday, June 10 / June 17th for the Fed
  • Wednesday, July 15 / July 28th for the Fed
  • Wednesday, September 2 / September 15th for the Fed
  • Wednesday, October 28
  • Wednesday, December 9

Normally I don’t really pay too much attention to financial headlines. But since interest rates have a direct impact on the monthly income I can expect from the cash holdings in my portfolio (and by “cash” I mean ultra short-term bond funds1), and since I try to keep my HISA and short-term bond table (Canada & US) accurate, I do pay attention to that particular piece of market intel.

So the Bank of Canada leaves their rate unchanged (again), at 2.25%.

And the US Federal reserve also leaves its target range untouched, at 3.5%<->3.75%2 .

I’ll take a look at rates listed on HISA and short-term bond table (Canada & US) to make sure they remain accurate in the coming days. You can always let me know if something looks off. I’m at comments@moneyengineer.ca.

  1. ZMMK in CAD, ICSH in USD, both members of the ETF All-Stars club ↩︎
  2. And here you see why most of my “cash” is in ICSH instead of ZMMK. US interest rates are higher in Canada, and although there is of course foreign exchange risk involved, I’m ok with that. ↩︎