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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Builders' confidence in the market for new single-family homes dropped, as the National Association of Home Builders' housing market index — a monthly gauge of builder sentiment — fell to 13 in June from 16 in May.
By Gary SiegelJune 15 -
The Empire State Manufacturing Survey showed "conditions for New York manufacturers deteriorated in June," the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index slipped to negative 7.79 in the month from positive 11.88 in May.
By Gary SiegelJune 15 -
NEW YORK - Builders’ confidence in the market for new single-family homes dropped, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – fell to 13 in June from 16 in May.
By Gary SiegelJune 15 -
NEW YORK - The Empire State Manufacturing Survey showed “conditions for New York manufacturers deteriorated in June,” the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index slipped to negative 7.79 in the month from positive 11.88 in May, the Fed reported.
By Gary SiegelJune 15 -
NEW YORK – The federal budget deficit needs to be slashed, Federal Reserve Board Chairman Ben S. Bernanke said Tuesday.
By Gary SiegelJune 14 -
NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.015% high yield, a price of 99.998833.
By Gary SiegelJune 14 -
The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelJune 13 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, up from 0.045% the previous week, while the six-months were unchanged at a 0.105% high rate.
By Gary SiegelJune 13 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, up from 0.045% the prior week, and the six-months incurred a 0.105% high rate, unchanged from 0.105% the week before.
By Gary SiegelJune 13 -
NEW YORK - The Treasury Department said Monday it will sell $28 billion of four-week discount bills Tuesday.
By Gary SiegelJune 13 -
The economy has hit a soft patch, according to New York Federal Reserve Bank President William Dudley, with 'disappointing” economic growth so far this year, but the woes should only be “transitory.”
By Gary SiegelJune 10 -
NEW YORK – The economy has hit a soft patch, according to New York Federal Reserve Bank President William Dudley, with ‘disappointing” economic growth so far this year, but it should be only “transitory.”
By Gary SiegelJune 10 -
The economy is running “well below” potential and job creation is lagging, so monetary policy accommodation remains necessary, especially with medium-term inflationary expectations subdued, Federal Reserve Board chairman Ben Bernanke said Tuesday at the International Monetary Conference in Atlanta.
By Gary SiegelJune 7 -
NEW YORK – The economy is running “well below” potential and job creation is lagging, so monetary policy accommodation remains necessary, especially with medium-term inflationary expectations subdued, Federal Reserve Board Chairman Ben S. Bernanke said at the International Monetary Conference in Atlanta Tuesday.
By Gary SiegelJune 7 -
NEW YORK - Consumer borrowing increased by $6.3 billion in April to a seasonally adjusted $2.428.2 trillion from $2.421.9 trillion in March, a 3.1% increase, the Federal Reserve reported Tuesday.
By Gary SiegelJune 7 -
NEW YORK - The Treasury Department today auctioned $32 billion of three-year notes with a 0.750% coupon at a 0.765% yield, a price of 99.955596.
By Gary SiegelJune 7 -
NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
By Gary SiegelJune 7 -
NEW YORK – If regulators can’t fix the too-big-to-fail situation, “we will ultimately have to take more draconian measures and simply break up the largest banking organizations to eliminate the threat they pose to financial stability and economic growth,” Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Monday.
By Gary SiegelJune 6 -
The Conference Board’s employment trends index fell to 99.7 in May from a downwardly revised 100.1 in April, but it is up 5.3% from a year ago, the group announced Monday.
By Gary SiegelJune 6 -
If regulators can’t fix the too-big-to-fail situation, “we will ultimately have to take more draconian measures and simply break up the largest banking organizations to eliminate the threat they pose to financial stability and economic growth,” Federal Reserve Bank of Dallas president and chief executive Richard Fisher said Monday.
By Gary SiegelJune 6