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.
-
The Federal Reserve's Summary of Economic Projections forecasts inflation won't hit its 2% target next year, and others agree.
December 18 -
The Federal Open Market Committee announcement commits it to buying at least $120 billion of securities a month until “substantial further progress” is made on its dual mandate of stable prices and maximum employment, suggesting it will continue well into 2022.
December 16 -
The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.
December 16 -
The deal helped pave the way for the reopening of the capital markets for not-for-profit health systems amid the then-insurgent COVID-19 pandemic.
December 11 -
The 245,000 increase in nonfarm payrolls indicated a slowing, and with lockdowns rising, December's numbers could fall again.
December 4 -
Christopher Waller was confirmed to a seat on the Federal Reserve Board on Thursday by a 48-47 vote along party lines.
December 3 -
The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.
November 24 -
With rates at the effective lower bound, increased asset purchases will be the Fed’s main monetary policy easing tool going forward, and that's what analysts will be scanning the FOMC minutes for.
November 23 -
While the facilities' availability inspired market confidence, the fact that $455 billion remains unused suggests shutting down the programs is unlikely to cause major problems, analysts say.
November 20 -
The Federal Reserve’s changed policy framework is “an evolution, not a revolution,” according to Vice Chair Richard Clarida.
November 16 -
Bullard addresses coronavirus and the economy, University of Michigan consumer expectations drop.
November 13 -
The Conference Board's Employment Trends Index (ETI) gained to 97.57 in October from 96.33 in September, but remains 11.1% lower than a year ago, the group announced Monday.
November 9 -
The October employment report was stronger than predicted, with a 638,000 rise in nonfarm payrolls and a full percentage point decline in the unemployment rate, suggesting the economy continues to improve despite the rise in the number of COVID-19 cases.
November 6 -
Lynne Funk and Gary Siegel discuss how the election results will affect the municipal market, how the Fed moves forward and some winners and losers with bond ballot measure results and muni advocates who held onto their seats in Congress. (21 minutes).
November 5 -
As is usually the case, the largest bond deals appear headed for victory, although this year's tally seems to be slower than normal, given the COVID-19 pandemic.
November 4 -
No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.
November 2 -
Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.
October 30 -
The economic news was mixed again Monday, with home sales unexpectedly dipping, while two reads of manufacturing showed expansion continued, but one suggested a slower rate of growth.
October 26 -
Uncertainty has been the code word since March — about the length of the pandemic, about the election, and many other issues. The markets hate uncertainty.
October 23 -
