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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Consumer credit increased by $13.4 billion in April to $3.602 trillion, the Federal Reserve reported Tuesday.
June 7 -
Newly issued Treasury securities held in stripped form decreased about $153 million in May to a total of $215.712 billion, the Bureau of the Public Debt reported Monday.
June 6 -
With a "largely favorable" view of the economy, despite "recent signs of a slowdown in job creation [that] bear close watching" and inherent uncertainty, Federal Reserve Board Chair Janet Yellen said Monday, monetary policy is currently "generally appropriate," but hikes will be needed "gradually over time."
June 6 -
The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, fell to negative 4.8 in May from a revised negative 3.4 in April, first reported as negative 0.9.
June 6 -
The Conference Board's Employment Trends Index (ETI) declined to 126.81 in May from an upwardly revised 128.53 in April, and is up 0.7% from a year ago, the group announced Monday.
June 6 -
Economic growth will slow this year before picking up next year, while inflation will increase this year before hitting the Fed's 2% target next year, according to predictions by participants in the Federal Reserve Bank of Chicago's annual Automotive Outlook Symposium, released Monday.
June 6 -
With mixed economic signals, and downside risks, it would be "prudent" for the Federal Open Market Committee to hold off raising the fed funds rate target, Federal Reserve Board Governor Lael Brainard said Friday, adding, the current rate may be closer to neutral than previously believed.
June 3 -
The U.S. services sector expanded at a slower pace in May as the non-manufacturing business activity composite index was 52.9 in the month, compared to 55.7 in April, on a seasonally adjusted basis, the Institute for Supply Management reported Friday.
June 3 -
U.S. inflationary pressures were up in May, as the U.S. future inflation gauge gained to 110.1 from a 108.1 reading in April, according to data released Friday morning by the Economic Cycle Research Institute.
June 3 -
Most households see housing as a good financial investment despite a slight drop in home price growth expectations, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations Housing Survey.
June 2 -
New York City business activity "contracted at the fastest pace in seven years," as the current business conditions index fell to 37.2 in May from 57.0 in April, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.
June 2 -
Most Federal Reserve Districts showed economic growth in April through mid-May, with San Francisco reporting "moderate" growth and six other banks reporting "modest" growth, according to the Beige Book report released Wednesday.
June 1 -
Texas service sector activity "continued to reflect expansion in May," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 5.8 from 10.6.
June 1 -
About 4,884,200 online job postings appeared on leading internet job boards in May, a decrease of 285,800 from April, the Conference Board reported Wednesday.
June 1 -
According to the ISM's monthly report on business, the ISM index increased to 51.3 in May from 50.8 in April.
June 1 -
Texas factory activity, as measured by the production index, "declined in May after two months of increases," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Tuesday.
May 31 -
The consumer confidence index decreased to 92.6 in May from a revised 94.7 last month, The Conference Board reported Tuesday.
May 31 -
The Chicago Purchasing Managers' Business Barometer dropped to 49.3 in May from 50.4 in April, the National Association of Purchasing Management-Chicago said Tuesday.
May 31 -
The Midwest Economy Index remained at 0.25 in April, the Federal Reserve Bank of Chicago said Tuesday.
May 31 -
Observers should not "prejudge" the Federal Open Market Committee's June meeting, since any moves will be data-dependent, but a hike can happen even though there's no press conference after the meeting, Federal Reserve Bank of St. Louis President James Bullard said in a televised interview.
May 25
