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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Pink Minion who started this subject10/18/2001 8:55:38 AM
From: Softechie   of 99280
 
Federal funds were trading at the Fed's target of 2 1/2% when the central bank entered the market.

DJ Fed Sets 28-day RPs -2: Fed Funds At 2 1/2%

18 Oct 08:29


NEW YORK (Dow Jones)--The Federal Reserve is arranging 28-day system
repurchase agreements Thursday, the Federal Reserve Bank of New York confirmed.

Federal funds were trading at the Fed's target of 2 1/2% when the central
bank entered the market.

The Fed's execution of the RPs was expected.

-By Michael S. Derby, Dow Jones Newswires; 201-938-4192;
michael.derby@dowjones.com

(END) DOW JONES NEWS 10-18-01
08:29 AM
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