Sitting on cash? High interest rates could make this a solid investing strategy

But according to financial advisor Heather Ettinger, we are currently in a unique situation in which sitting on some cash for a short time period is not the loss that it used to be. As she explained to CNBC, the multiple rate hikes that the Federal Reserve made to combat inflation over the last year bring the federal funds target rate range to between 5.25% and 5.50%.