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NY Fed accepts $250 million in bids submitted at 13-day repo operation - Metro US

NY Fed accepts $250 million in bids submitted at 13-day repo operation

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington

BOSTON (Reuters) – The New York Federal Reserve said it accepted $250 million in bids submitted by primary dealers in a 13-day repurchase agreement operation, a move intended to keep the federal funds rate within its target range.

(Reporting by Ross Kerber; Editing by Andrew Heavens)

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