Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Fed Funds Projected to Open at 0.14% to 0.18%, ICAP Says

Fed funds, the U.S. overnight inter-bank lending rate, is projected to open between 0.14 percent and 0.18 percent, within the Federal Reserve’s target range of zero to 0.25 percent.

Fed funds closed at 0.12 percent on Sept. 14 after trading from 0.07 percent to 0.23 percent and averaging 0.15 percent, ICAP Plc, the world’s largest inter-dealer broker, said in an e-mailed statement.

The Fed will conduct two operations as part of its plan to replace short-term debt in its portfolio with longer-term Treasuries. The the central bank will buy $4.5 billion to $5.5 billion of Treasuries due from November 2020 to August 2022 at 10:15 a.m. New York time. At 1:15 p.m., the Fed will sell $7 billion to $8 billion of Treasuries maturing from December 2014 to May 2015.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.