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U.S. fed funds rate at 0.13 pct for 10th day
May 15, 2015 / 12:26 PM / 3 years ago

U.S. fed funds rate at 0.13 pct for 10th day

NEW YORK, May 15 (Reuters) - The U.S. federal funds rate , which banks charge each other to borrow each other’s excess reserves, averaged 0.13 percent for a 10th day on Thursday, U.S. Federal Reserve data released early Friday showed.

The fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.07 percent to 0.3125 percent, compared with Wednesday’s range of 0.02 percent to 0.3125 percent. (Reporting by Richard Leong)

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