September 17, 2019 / 8:56 PM / 2 months ago

N.Y. Fed to hold repo operation Wednesday

NEW YORK (Reuters) - The New York Federal Reserve said late Tuesday it will conduct a repurchase agreement operation early Wednesday “in order to help maintain the federal funds rate within the target range of” 2.00% to 2.25%.

The Wednesday repo operation, which is the second after the first one in more than a decade held earlier Tuesday, will be conducted at 8:15 a.m. ET to 8:30 a.m. ET.

Reporting by Richard Leong; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below