Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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The Empire State Manufacturing Survey showed "business activity leveled off in New York State," the Federal Reserve Bank of New York reported Monday, as the general business conditions index decreased to negative 1.0 in May from positive 5.2 in April.
May 15 -
Having a positive view of the economy, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker said Friday he expects two more rate increases this year.
May 12 -
Federal Reserve Bank of Chicago President Charles Evans said his outlook hasn’t changed much.
May 12 -
The University of Michigan's preliminary May consumer sentiment index reading was 97.7, compared to the final April 97.0, and the preliminary April 98.0, according to market sources.
May 12 -
The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.
May 11 -
The federal government ran a $182.4 billion surplus in April, the Treasury Department reported Wednesday.
May 10 -
The Treasury Department auctioned $23 billion of 10-year notes with a 2 3/8% coupon at a 2.400% high yield, a price of 99.778909.
May 10 -
After the next rate hike, the Federal Reserve should consider “a very gradual normalization” of its balance sheet, Federal Reserve Bank of Boston President and CEO Eric S. Rosengren said Wednesday.
May 10 -
Labor market “activity increased and momentum remained high in April,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) climbed to 0.40 in April from 0.28 in March, according to the Bank.
May 10 -
The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/2% coupon at a 1.572% high yield, a price of 99.789820.
May 9 -
The Federal Reserve should begin shrinking its balance sheet this year and put the reductions “on autopilot,” Federal Reserve Bank of Kansas City President and CEO Esther L. George said Tuesday.
May 9 -
The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.710% high yield, a price of 99.944778.
May 9 -
Small business owners showed enthusiasm for current conditions but are worried about the future, according to National Federation of Independent Business' monthly Small Business Optimism index published Tuesday.
May 9 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.900% high rate, up from 0.845% the prior week, and the six-months incurred a 1.015% high rate, up from 0.975% the week before.
May 8 -
The Treasury Department said Monday it will sell $55 billion of four-week discount bills Tuesday.
May 8 -
Income expectations rose, but consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
May 8 -
The Conference Board's Employment Trends Index (ETI) grew to 132.64 in April from 131.58 in March, and is up 4.1% from a year ago, the group announced Monday.
May 8 -
If the economy grows as expected, further rate hikes will be necessary, although they should be gradual, not one every Federal Open Market Committee meeting, Federal Reserve Bank of Cleveland President and CEO Loretta J. Mester said Monday.
May 8 -
The fed funds rate target is not far from the appropriate level, given the low natural rate of interest, Federal Reserve Bank of St. Louis President James Bullard said Monday.
May 8 -
Federal Reserve Bank of San Francisco President John Williams said his outlook hasn’t changed: he still expects three or four rate hikes and the beginning of reducing the Fed balance sheet to begin later this year.
May 5
