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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Although uncertainty increased since their prior meeting, members of the Federal Open Market Committee decided at their January meeting that it was premature to change their outlook, according to minutes of the meeting, released Wednesday.
February 17 -
Industrial production gained 0.9% in January, the Federal Reserve reported Wednesday.
February 17 -
The New York region's service sector activity "declined," according to the Federal Reserve Bank of New York's February Business Leaders Survey, released Wednesday.
February 17 -
Federal Reserve Bank of St. Louis President James Bullard said he felt the proposed amendment to the Federal Open Market Committee's Statement of Longer-Run Goals was "insufficiently forward-looking and therefore potentially confusing," so he dissented.
February 16 -
Builders' confidence in the market for new single-family homes was lower as the National Association of Home Builders' housing market index declined to 58 in February from an upwardly revised 61 in January.
February 16 -
Saying conditions have made him "a bit more conservative" on monetary policy, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Patrick T. Harker said Tuesday he wants to see inflation rise before the Federal Open Market Committee raises rates again.
February 16 -
The Empire State Manufacturing Survey showed "business activity continued to decline for New York manufacturers," the Federal Reserve Bank of New York reported Friday, although the general business conditions index improved to negative 16.64 in February from negative 19.37 in January.
February 16 -
The University of Michigan's preliminary February consumer sentiment index reading was 90.7, compared to the final January 92.0, and the preliminary January 93.3, according to market sources.
February 12 -
Interest rates will rise to "more normal levels" only if it will help the Federal Reserve reach its objectives, 2% inflation and maximum employment, Federal Reserve Board Chair Janet Yellen told the Senate Banking Committee Thursday.
February 11 -
Consumers expect inflation to slow, according to the January Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
February 8 -
The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, declined to 0.4 in January from a revised 2.3 in December, first reported as 2.9.
February 8 -
The Conference Board's Employment Trends Index (ETI) climbed to 128.93 in January from a downwardly revised 128.71 in December, and is up 1.9% from a year ago, the group announced Monday.
February 8 -
U.S. inflationary pressures were up in January, as the U.S. future inflation gauge gained to 102.7 from an unrevised 102.3 reading in December, according to data released Friday morning by the Economic Cycle Research Institute.
February 5 -
About 5,496,500 online job postings appeared on leading internet job boards in January, an increase of 13,500 from December, the Conference Board reported Wednesday.
February 3 -
The U.S. services sector expanded at a slower pace in January as the non-manufacturing business activity composite index was 53.5 in the month, compared to 55.8 in December, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
February 3 -
The Treasury Department said its quarterly refunding will raise $7.6 billion new cash by selling $62 billion to refund $54.4 billion in maturing debt.
February 3 -
Monetary policy should be based on fundamentals and should not overreact to financial market volatility, according to Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George, and conditions should warrant further rate hikes.
February 2 -
New York City business activity "expanded at the slowest pace in four months amid more intense global financial market turbulence," in January, as the current business conditions index fell to 54.6, from 62.0 in December, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.
February 2 -
Inflation is likely to remain low for more time than the Federal Open Market Committee expects, Federal Reserve Vice Chairman Stanley Fischer said Monday.
February 1 -
The overall economy grew for the eightieth straight time, while the manufacturing sector contracted for the fourth month in a row, the Institute for Supply Management reported Monday.
February 1
