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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In his final speech as president of the Federal Reserve Bank of Philadelphia, Charles Plosser Tuesday stressed the need for the central bank to remain independent so monetary policy stays free of political interference.
February 17 -
Builders' confidence in the market for new single-family homes fell as the National Association of Home Builders' housing market index a monthly gauge of builder sentiment slipped to 55 in February from 57 in January.
February 17 -
The Empire State Manufacturing Survey showed "business activity continued to expand at a modest pace for New York manufacturers," the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index slipped to 7.78 in February from 9.95 in January.
February 17 -
The forecast for U.S. economic growth remains nearly the same as it did three months ago, with 3.2% growth expected this year, according to the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters, released Friday.
February 13 -
The University of Michigan's preliminary February consumer sentiment index reading was 93.6, compared to the final January 98.1, and the preliminary January 98.2, according to market sources.
February 13 -
The Federal Reserve needs to be vigilant regarding increasing excess reserve levels, since it's not clear what banks will do when conditions change, according to researchers at the Federal Reserve Bank of Cleveland.
February 13 -
Business inventories rose 0.1% to $1.764 trillion in December, while sales were down 0.9% to $1.333 trillion, the Commerce Department reported Thursday.
February 12 -
Labor market conditions improved slightly as the Kansas City Fed Labor Market Conditions Indicators (LMCI) narrowed to negative 0.33 in November from a revised negative 0.42 in December, first reported as negative 0.47, according to the Bank.
February 11 -
The Federal Reserve should raise interest rates despite low inflation, realizing the drop in oil prices is keeping headline inflation low, Federal Reserve Bank of Dallas President Richard Fisher said Wednesday.
February 11 -
Wholesale inventories increased 0.1% in December, the Commerce Department reported Tuesday. Wholesale sales slid 0.4%.
February 10 -
Tighter monetary policy earlier in the expansion cycle could head off risks to financial stability, Federal Reserve Bank of Kansas City President Esther George late Monday night.
February 10 -
Consumers' view of inflation hasn't changed much in the past month, but spending growth expectations "retreated significantly," according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
February 9 -
The Conference Board's Employment Trends Index (ETI) gained to 127.86 in January from a downwardly revised 127.17 in December, and is up 7.6% from a year ago, the group announced Monday.
February 9 -
Consumer credit increased by $14.8 billion in December to $3.312 trillion, the Federal Reserve reported Friday.
February 6 -
Liftoff should begin "around mid-year, or a little later," assuming that projections for the economy hold, Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart said Friday.
February 6 -
U.S. inflationary pressures were lower in January, as the U.S. future inflation gauge fell to 102.5 from a revised December 104.0 reading, first reported as 104.1, according to data released Friday morning by the Economic Cycle Research Institute.
February 6 -
The time when it's difficult to justify zero lower bound interest rates is "rapidly approaching," Federal Reserve Bank of Philadelphia President Charles Plosser said in a televised interview Friday, noting the public needs to realize the economy is not in "perpetual crisis."
February 6 -
The first interest rate hike "will soon be appropriate," Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said Wednesday, noting she'd even agree to liftoff in the first half of the year.
February 4 -
The U.S. services sector expanded at a slightly faster pace in January as the non-manufacturing business activity composite index was 56.7 in the month, compared to 56.5 in December, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
February 4 -
With inflation still below 2% and there for probably "a few years" further, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota Tuesday repeated his call for the Fed to keep rates near zero, with no increases this year.
February 3
