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 Chicago Purchasing Managers' Business Barometer surged to 57.4 in February from 50.3 in January, its highest level since January 2015, the National Association of Purchasing Management-Chicago said Tuesday.
By Gary SiegelFebruary 28 -
The seasonally adjusted Milwaukee Report on Business declined to 58.69 in February from 59.81 in January, the Institute for Supply Management-Milwaukee reported Tuesday.
By Gary SiegelFebruary 28 -
Texas factory activity, as measured by the production index, "activity increased for the eighth consecutive month in February," according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.
By Gary SiegelFebruary 27 -
Pending home sales decreased 2.8% to an index reading of 106.4 in January, after an upwardly revised 0.8% gain to 109.5 in December, first reported as a 1.6% gain to 109.0, according to a report released Monday by the National Association of Realtors.
By Gary SiegelFebruary 27 -
The University of Michigan's final February consumer sentiment index reading was 96.3, compared to the preliminary February 95.7 and the final January 98.5, according to market sources.
By Gary SiegelFebruary 24 -
Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded further with continued strong expectations" in February, according to the bank's monthly manufacturing survey, released Thursday.
By Gary SiegelFebruary 23 -
The Chicago Fed National Activity Index for January dropped to negative 0.05 from an upwardly revised positive 0.18 in December, first reported as positive 0.14, while the three-month moving average (CFNAI-MA3) dipped to negative 0.03 from an upwardly revised negative 0.02 in December, first reported as negative 0.07, the Federal Reserve Bank of Chicago reported Thursday.
By Gary SiegelFebruary 23 -
Gradual monetary policy tightening should be appropriate if the economy continues as it's going, Federal Reserve Board Governor Jerome H. Powell said Wednesday, noting the Fed is not behind the curve.
By Gary SiegelFebruary 22 -
Existing home sales grew 3.3% to a seasonally adjusted 5.69 million-unit rate in December from an upwardly revised 5.51 million sales pace the previous month, initially reported as 5.49 million, the National Association of Realtors announced Wednesday.
By Gary SiegelFebruary 22 -
The natural rate of interest, or r-star, "will not reverse anytime soon," Federal Reserve Bank of San Francisco President and CEO John C. Williams wrote in an Economic Letter published Tuesday.
By Gary SiegelFebruary 21 -
If the economy stays on track, three 25 basis point rate hikes would be appropriate this year, Federal Reserve Bank of Philadelphia President Patrick T. Harker said Tuesday.
By Gary SiegelFebruary 21 -
Stating that he hates to make predictions about changes in monetary policy, Federal Reserve Bank of Minneapolis President Neel Kashkari seemed to indicate Tuesday he still believes the current monetary policy is appropriate.
By Gary SiegelFebruary 21 -
The region's non-manufacturing sector "activity continued to expand in February," although the general business conditions index fell to 29.3 from 37.7 in January, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.
By Gary SiegelFebruary 21 -
The composite index of Leading Economic Indicators was up 0.6% in January following an unrevised 0.5% increase in December, the Conference Board reported Friday.
By Gary SiegelFebruary 17 -
The region's manufacturing sector expanded in February, as the general business conditions index soared to 43.3 from 23.6 in January, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelFebruary 16 -
The New York region's service sector activity "continued to grow modestly," according to the Federal Reserve Bank of New York's February Business Leaders Survey, released Thursday.
By Gary SiegelFebruary 16 -
The three interest rate hikes projected in the Federal Reserve Summary of Economic Projections is a starting point for this year if the economy grows as projected, Federal Reserve Bank of Boston President and CEO Eric S. Rosengren said Wednesday.
By Gary SiegelFebruary 15 -
Builders' confidence in the market for new single-family homes dipped as the National Association of Home Builders' housing market index fell to 65 in February from 67 in January.
By Gary SiegelFebruary 15 -
Industrial production was down 0.3% in January, the Federal Reserve reported Wednesday.
By Gary SiegelFebruary 15 -
The Empire State Manufacturing Survey showed "business activity expanded at a solid clip in New York State," the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index increased to 18.7 in February from 6.5 in January.
By Gary SiegelFebruary 15

