This article details some of what you can expect from the Fed in September, and a lower-risk option for your money saving needs. If you don’t already have a rainy day fund, now is the time to start one. A money mutual fund is a low-risk, albeit low-reward, way of letting money accumulate for savings. This could be helpful if you find yourself in a less than favorable position if the Fed allows a rate hike of the stock market in September- as is predicted by economists.