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 University of Michigan's final March consumer sentiment index reading was 80.0, compared to the preliminary March 79.9, and the final February 81.6, according to market sources.
By Gary SiegelMarch 28 -
Personal income rose 0.3% in February following an unrevised 0.3% increase in January, the Commerce Department reported Friday.
By Gary SiegelMarch 28 -
Manufacturing activity in the Federal Reserve Bank of Kansas City's region "increased, and producers' expectations were mostly stable at solid levels," according to the bank's monthly manufacturing survey, released Thursday.
By Gary SiegelMarch 27 -
Pending home sales dropped 0.8% to an index reading of 93.9 in February, after a revised 0.2% slip to 94.7 in January, according to a report released Thursday by the National Association of Realtors.
By Gary SiegelMarch 27 -
Initial jobless claims fell 10,000 to 311,000 in the week ended March 22, the Labor Department said Thursday.
By Gary SiegelMarch 27 -
Various information will be used by the Fed to determine when to raise rates, Federal Reserve Bank of Cleveland President Sandra Pianalto said Thursday.
By Gary SiegelMarch 27 -
U.S. durable goods orders surged 2.2% in February, while excluding transportation orders grew 0.2%, the Commerce Department reported Wednesday.
By Gary SiegelMarch 26 -
The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.045% high yield, a price of 99.996500.
By Gary SiegelMarch 25 -
Service sector activity grew modestly in March, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.
By Gary SiegelMarch 25 -
Manufacturing activity in the central Atlantic region "remained soft" in March, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dropped to negative 7 in March from negative 6 in February.
By Gary SiegelMarch 25 -
The consumer confidence index increased to 82.3 in March from a revised 78.3 last month, The Conference Board reported Tuesday.
By Gary SiegelMarch 25 -
Sales of new single-family homes decreased 3.3% to a 440,000 seasonally adjusted annual rate in February, according to data released by the Commerce Department Tuesday.
By Gary SiegelMarch 25 -
The Chicago Fed National Activity Index for February climbed to positive 0.14 from a revised negative 0.45 reading in January, while the three-month moving average (CFNAI-MA3) declined to negative 0.18 from a revised positive 0.02 in January, the Federal Reserve Bank of Chicago reported Monday.
By Gary SiegelMarch 24 -
The newly announced Federal Open Market Committee forward guidance "weakens the credibility" of the Fed's "commitment to target 2 percent inflation" and increases policy uncertainty, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said in explaining why he voted against the statement.
By Gary SiegelMarch 21 -
The region's manufacturing sector expanded at a faster pace in March, as the general business conditions index climbed to positive 9.0 from negative 6.3 in February, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelMarch 20 -
The composite index of Leading Economic Indicators was up 0.5% in February following a revised 0.1% increase in January, first reported as a 0.3% climb, the Conference Board reported Thursday.
By Gary SiegelMarch 20 -
Initial jobless claims grew 5,000 to 320,000 in the week ended March 15, the Labor Department said Thursday.
By Gary SiegelMarch 20 -
Thirteen of the sixteen members of the Federal Reserve Board expect next year to be the appropriate time for policy tightening, with a range of expectations for rates between 0.25% and 3.00% at the end of 2015, according to the Fed's latest summary of economic projections, released Wednesday.
By Gary SiegelMarch 19 -
Groundbreaking for new U.S. home construction slipped in February, dipping 0.2% to a seasonally adjusted annual rate of 907,000 units as building permits surged 7.7% to an annual rate of 1.018 million units, according to Commerce Department data released Tuesday.
By Gary SiegelMarch 18 -
Builders' confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index rose to 47 in March from 46 in February.
By Gary SiegelMarch 17
