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U.S. fed funds rate remains at 0.13 percent
October 15, 2015 / 12:15 PM / 2 years ago

U.S. fed funds rate remains at 0.13 percent

NEW YORK (Reuters) - The U.S. federal funds rate USONFFE=, which banks charge each other to borrow excess reserves, averaged 0.13 percent for a ninth day on Wednesday, according to Federal Reserve data released Thursday.

The average, or effective, fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.10 percent to 0.35 percent, compared with 0.08 percent to 0.35 percent on Tuesday.

Reporting by Richard Leong

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