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 Federal Open Market Committee will raise the fed funds rate target this year when things settle down, Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday.
By Gary SiegelSeptember 21 -
Existing home sales fell 4.8% to a seasonally adjusted 5.31 million-unit rate in August from a downwardly revised 5.58 million pace the previous month, the National Association of Realtors announced Monday.
By Gary SiegelSeptember 21 -
The composite index of Leading Economic Indicators was up 0.1% in August following a flat reading in July, first reported as a 0.2% decline, the Conference Board reported Friday.
By Gary SiegelSeptember 18 -
The region's manufacturing sector slowed in September, as the general business conditions index slumped to negative 6.0 from positive 8.3 in August, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelSeptember 17 -
Builders confidence in the market for new single-family homes was higher as the National Association of Home Builders' housing market index rose to 62 in September from 61 in August.
By Gary SiegelSeptember 16 -
The New York regions service sector activity continued to expand modestly, according to the Federal Reserve Bank of New Yorks September Business Leaders Survey, released Wednesday.
By Gary SiegelSeptember 16 -
The federal government ran a $64.4 billion budget deficit in August, the Treasury Department reported Friday.
By Gary SiegelSeptember 11 -
The University of Michigan's preliminary September consumer sentiment index reading was 85.7, compared to the final August 91.9, and the preliminary August 92.9, according to market sources.
By Gary SiegelSeptember 11 -
[L]abor market conditions continue to improve as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) narrowed to negative 0.12 in August from negative 0.23 in July, according to the Bank.
By Gary SiegelSeptember 10 -
Consumer credit increased by $19.1 billion in July to $3.453 trillion, the Federal Reserve reported Tuesday.
By Gary SiegelSeptember 8 -
The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, rose to 2.1 in August from a revised 1.8 in July.
By Gary SiegelSeptember 8 -
The Conference Board's Employment Trends Index (ETI) climbed to 128.82 in August from a downwardly revised 127.64 in July, and is up 4.5% from a year ago, the group announced Monday.
By Gary SiegelSeptember 8 -
U.S. inflationary pressures were up in August, as the U.S. future inflation gauge grew to 101.9 from an unrevised July 101.2 reading, according to data released Friday morning by the Economic Cycle Research Institute.
By Gary SiegelSeptember 4 -
The U.S. services sector expanded at a slower pace in August as the non-manufacturing business activity composite index was 59.0 in the month, compared to 60.3 in July, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.
By Gary SiegelSeptember 3 -
About 5,418,600 online job postings appeared on leading Internet job boards in August, an increase of 34,200 from July, the Conference Board reported Wednesday.
By Gary SiegelSeptember 2 -
New orders for manufactured goods increased 0.4% in July, after gaining a revised 2.2% in June, first reported as a 1.8% increase, the Commerce Department reported Wednesday.
By Gary SiegelSeptember 2 -
New York City business activity "expanded at the slowest rate in five months" in August, as the current business conditions index declined to 51.1, from 68.8 in July, the Institute for Supply Management-New York's Report on Business index, released Wednesday, indicated.
By Gary SiegelSeptember 2 -
Targeting low inflation, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren Tuesday suggested the Federal Reserve should wait to raise rates.
By Gary SiegelSeptember 1 -
Texas service sector activity "continued to reflect expansion in August," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.3 from 19.1.
By Gary SiegelSeptember 1 -
According to the ISM's monthly report on business, the ISM index decreased to 51.1 in August from 52.7 in July.
By Gary SiegelSeptember 1
