U.S. effective fed funds rate remains at 0.37 percent

March 4, 2016 2:19 PM

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U.S. effective fed funds rate remains at 0.37 percent

NEW YORK The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy held at 0.37 percent for a second day on Thursday, according to Fed data released on Friday.

The average, or effective, fed funds rate USONFFE= traded in a range of 0.34 percent to 0.50 percent with $75 billion in this type of interbank loan changing hands.

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