Quantcast
NY Fed accepts $52.63 billion overnight repo bids - Metro US

NY Fed accepts $52.63 billion overnight repo bids

BOSTON (Reuters) – The New York Federal Reserve said it accepted $52.63 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within its target range.

(Reporting by Ross Kerber; Editing by Kevin Liffey)

More from our Sister Sites