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U.S. fed funds rate at 0.13 pct for 9th day
July 14, 2015 / 12:19 PM / 2 years ago

U.S. fed funds rate at 0.13 pct for 9th day

NEW YORK, July 14 (Reuters) - The U.S. federal funds rate , which banks charge each other to borrow excess reserves, averaged 0.13 percent for an ninth day on Monday, U.S. Federal Reserve data released Tuesday showed.

The fed funds rate, which the Fed targets to achieve its rate objective, traded for a fourth day in a range of 0.05 percent to 0.3125 percent. (Reporting by Richard Leong)

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