U.S. fed funds rate holds at two-year peak

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[June 20, 2015]  NEW YORK (Reuters) - The U.S. federal funds rate, which banks charge each other to borrow excess reserves, averaged 0.14 percent for a third day on Thursday, holding at its highest level since May 2013, U.S. Federal Reserve data released Friday showed.

The fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.07 percent to 0.3125 percent, compared with Wednesday's 0.06 percent to 0.3125 percent.

(Reporting by Richard Leong)

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