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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NEW YORK - Consumer borrowing increased by $6 billion in March to a seasonally adjusted $2.426.5 trillion from $2.419.5 trillion in February, a 3.0% increase, the Federal Reserve reported Friday.
By Gary SiegelMay 6 -
NEW YORK – While the national economy suffered through a “soft patch in activity” for the first three months of this, growth should strengthen ahead, according to Federal Reserve Bank of New York President William Dudley.
By Gary SiegelMay 6 -
NEW YORK - U.S. inflationary pressures were lower in April, as the U.S. future inflation gauge slid to 102.8 from a revised 104.7 in March, originally reported as 104.9, according to data released Friday morning by the Economic Cycle Research Institute.
By Gary SiegelMay 6 -
Based on his predictions of core personal-consumption expenditure inflation rising slowly this year, and remaining under 2%, a rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said Thursday.
By Gary SiegelMay 5 -
NEW YORK – Newly issued Treasury securities held in stripped form increased about $5.028 billion in April to a total of $203.966 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelMay 5 -
NEW YORK – Based on his predictions of core PCE inflation rising slowly this year, and remaining under 2%, a rate hike by the end of the year “would be desirable,” Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Thursday.
By Gary SiegelMay 5 -
NEW YORK - The Treasury Department said Thursday it will auction $29 billion 91-day bills and $27 billion 182-day discount bills Monday.
By Gary SiegelMay 5 -
NEW YORK - The European Central Bank announced its Governing Council held interest rates, at its latest monetary policy meeting Thursday.
By Gary SiegelMay 5 -
NEW YORK – While gas and food price hikes have yet to translate into higher underlying inflation, Federal Reserve Bank of Dallas President Richard W. Fisher said, prices must be watched.
By Gary SiegelMay 4 -
The U.S. services sector expanded at a slower pace as the non-manufacturing business activity composite index was 52.8 in April compared to 57.3 in March on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
By Gary SiegelMay 4 -
The Treasury Department said Wednesday it will offer $72 billion of securities that will raise new cash: $32 billion of three-year notes on Tuesday, $24 billion 10-year notes on Wednesday, and $16 billion 30-year bonds on Thursday.
By Gary SiegelMay 4 -
Since the recovery remains “tentative” and unemployment is high, monetary policy should remain “very accommodative,” Federal Reserve Bank of Boston president Eric Rosengren said Wednesday. He also said he would not use monetary policy to respond to rising food and energy prices.
By Gary SiegelMay 4 -
NEW YORK – The U.S. services sector expanded at a slower pace in as the non-manufacturing business activity composite index was 52.8 in April, compared to 57.3 in March, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.
By Gary SiegelMay 4 -
NEW YORK – The Treasury Department will offer $72 billion of securities that will raise new cash: $32 billion of three-year notes on Tuesday, $24 billion 10-year notes on Wednesday; and $16 billion 30-year bonds on Thursday.
By Gary SiegelMay 4 -
NEW YORK – Since the recovery remains “tentative” and unemployment is high, monetary policy should remain “ very accommodative,” Federal Reserve Bank of Boston President Eric Rosengren said Wednesday.
By Gary SiegelMay 4 -
The Treasury Department Tuesday auctioned $24 billion of 364-day bills at a 0.200% high yield, a price of 99.797778.
By Gary SiegelMay 3 -
NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.005% high yield, a price of 99.999661.
By Gary SiegelMay 3 -
NEW YORK - The Treasury Department Tuesday auctioned $24 billion of 364-day bills at a 0.200% high yield, a price of 99.797778.
By Gary SiegelMay 3 -
About 4,322,300 online job postings appeared on leading Internet job boards in April, a decrease of 123,800 from March, the Conference Board reported Monday.
By Gary SiegelMay 2 -
The overall economy grew for the 23rd straight month, while the manufacturing sector expanded for the 21st time, the Institute for Supply Management reported Monday.
By Gary SiegelMay 2