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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Adjusting the perceived neutral rate of monetary policy need to be considered only "with great care and discipline," Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.
By Gary SiegelNovember 13 -
Wholesale inventories increased 0.3% in September, the Commerce Department reported Wednesday. Wholesale sales grew 0.2%.
By Gary SiegelNovember 12 -
Consumers' view of inflation expectations were steady in October, with buyers expecting 3.0% inflation over the course of one year and three years, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
By Gary SiegelNovember 10 -
The Conference Board's Employment Trends Index (ETI) gained to 123.09 in October from an upwardly revised 121.91 in September, and is up 7.7% from a year ago, the group announced Monday.
By Gary SiegelNovember 10 -
U.S. inflationary pressures were higher in October, as the U.S. future inflation gauge grew to 105.9 from a revised September 104.8 reading, according to data released Friday morning by the Economic Cycle Research Institute.
By Gary SiegelNovember 7 -
Newly issued Treasury securities held in stripped form decreased about $423 million in October to a total of $212.285 billion, the Bureau of the Public Debt reported Thursday.
By Gary SiegelNovember 6 -
The U.S. services sector expanded at a slower pace in October as the non-manufacturing business activity composite index was 57.1 in the month, compared to 58.6 in September, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
By Gary SiegelNovember 5 -
New orders for manufactured goods dropped 0.6% in September, after falling a revised 10.0% in August, initially reported as a 10.1% plunge, the Commerce Department reported Tuesday.
By Gary SiegelNovember 4 -
New York City business activity grew at its slowest pace in six months in October, as the current business conditions index dropped to 54.8 from 63.7 in September, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.
By Gary SiegelNovember 4 -
The costs of QE3 will exceed the program's benefits, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Monday.
By Gary SiegelNovember 3 -
The overall economy grew for the sixty-fifth straight time, while the manufacturing sector expanded for the seventeenth consecutive month, the Institute for Supply Management reported Monday.
By Gary SiegelNovember 3 -
Construction spending declined 0.4% in September, the Commerce Department said Monday, and is 2.9% above the September 2013 level.
By Gary SiegelNovember 3 -
Expounding on the reason why his dissented on the Federal Open Market Committee decision this week, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota explained in a statement Friday the medium-term outlook for inflation hasn't improved this year, and could be worse.
By Gary SiegelOctober 31 -
The University of Michigan's final October consumer sentiment index reading was 86.9, compared to the preliminary October 86.4 and the final September 84.6, according to market sources.
By Gary SiegelOctober 31 -
The Chicago Purchasing Managers' Business Barometer soared to 66.2 in October from 60.5 in September, the National Association of Purchasing Management-Chicago said Friday.
By Gary SiegelOctober 31 -
The seasonally adjusted Milwaukee Report on Business rose to 65.6 in October from 63.2 in September, the Institute for Supply Management-Milwaukee reported Friday.
By Gary SiegelOctober 31 -
The Midwest Economy Index held at 0.51 in September unchanged from a revised 0.51 in August, the Federal Reserve Bank of Chicago reported Friday.
By Gary SiegelOctober 31 -
The Federal Reserve will stop its monthly purchases of agency mortgage-backed securities and longer-term Treasury securities under its quantitative easing program, while forward guidance maintains interest rates will remain at zero to 0.25% range, for a "considerable time," the Federal Open Market Committee announced Wednesday after its two-day meeting.
By Gary SiegelOctober 29 -
Texas service sector activity "continued to expand in October," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index dropped to 14.0 from 26.9.
By Gary SiegelOctober 28 -
Service sector activity "strengthened further" in October, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.
By Gary SiegelOctober 28
