January 14, 2020 / 1:52 PM / 14 days ago

NY Fed accepts $47 bln overnight repo bids

BOSTON, Jan 14 (Reuters) - The New York Federal Reserve said on Tuesday it accepted $47 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 Louise Heavens)

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