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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Service sector activity "increased at a slower pace in May," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.
May 24 -
Manufacturing activity in the central Atlantic region "slowed in May," according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, although the manufacturing index slipped to negative 1 in May from positive 14 in April.
May 24 -
The region's non-manufacturing sector slipped in May, as the general business conditions index declined to 4.6 from 13.5 in April, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
May 24 -
The U.S. is close to a rate hike, Federal Reserve Bank of Boston President Eric Rosengren said in a published report this weekend.
May 23 -
Existing home sales grew 1.7% to a seasonally adjusted 5.45 million-unit rate in April from a revised 5.7% gain to a 5.36 million sales pace, first reported as a 5.1% increase to a 5.33 million pace the previous month, the National Association of Realtors announced Friday.
May 20 -
The composite index of Leading Economic Indicators was up 0.6% in April following a revised flat reading in March, first reported as a 0.2% rise, the Conference Board reported Thursday.
May 19 -
The region's manufacturing sector contracted in May, as the general business conditions index slipped to negative 1.8 from negative 1.6 in April, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
May 19 -
The Chicago Fed National Activity Index for April climbed to positive 0.10 from a revised negative 0.55 reading in March, while the three-month moving average (CFNAI-MA3) slipped to negative 0.22 from a revised negative 0.18 in March, the Federal Reserve Bank of Chicago reported Thursday.
May 19 -
Industrial production surged 0.7% in April, the Federal Reserve reported Tuesday.
May 17 -
The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's May Business Leaders Survey, released Tuesday.
May 17 -
Builders' confidence in the market for new single-family homes was unchanged as the National Association of Home Builders' housing market index remained at 58 in May.
May 16 -
There is a "pretty strong" case for the Federal Open Market Committee to raise the fed funds rate target next month, Federal Reserve Bank of Richmond President Jeffrey Lacker said in an interview published Monday.
May 16 -
The Empire State Manufacturing Survey showed "business activity declined for New York manufacturers," the Federal Reserve Bank of New York reported Monday, as the general business conditions index plunged to negative 9.02 in May from positive 9.56 in April.
May 16 -
The University of Michigan's preliminary May consumer sentiment index reading was 95.8, compared to the final April 89.0, and the preliminary April 89.7, according to market sources.
May 13 -
The fed funds rate target is too low for current conditions and should be raised, Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George said Thursday.
May 12 -
The Federal Reserve may be able to increase its fed funds target rate at a pace quicker than markets expect, if the incoming data suggest continued improvement, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said Thursday.
May 12 -
Despite have spent many years below the Federal Reserve's 2% target, inflation data have been "encouraging" recently and in line with the Federal Open Market Committee's stance that inflation will return to that level in the medium-term, Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said Thursday.
May 12 -
The federal government ran a $106.5 billion surplus in April the Treasury Department reported Wednesday.
May 11 -
Labor market conditions "was little changed in April, while momentum increased," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) increased to positive 0.05 in April from a revised positive 0.03 in March, first reported as negative 0.02, according to the Bank.
May 11 -
Small businesses were more optimistic in April, as the Index of Small Business Optimism rose to 93.6 in April from 92.6 in March, according to the National Federation of Independent Business' monthly index published Tuesday.
May 10
