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 Open at 0.16%, Within Target Range, According to ICAP

Fed funds, the U.S. overnight inter-bank lending rate, opened at 0.16 percent, within the Federal Reserve’s target of zero to 0.25 percent.

Fed funds closed at 0.07 percent yesterday after trading from 0.05 percent to 0.27 percent and averaging 0.14 percent, ICAP Plc, the world’s largest inter-dealer broker, said in an e-mailed statement.

The Federal Reserve Bank of New York announced yesterday that in the ’’near future’’ it will do another series of repurchase agreements with all counterparties, which are temporary open market operations. The action, which follows a similar one in August, doesn’t represent any change in monetary policy and is a test of the Fed’s operational tools.

The central bank will also acquire $2.75 billion to $3.5 billion of Treasury notes due from February 2020 to November 2022 as part of its current quantitative easing program, aimed at keeping long term borrowing costs low.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.