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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Federal Reserve Bank of Dallas president Richard Fisher said Monday that the Fed has provided sufficient liquidity.He said he would oppose extending or expanding monetary accommodation and would vote to halt the $600 billion asset-purchase quantitative-easing plan known as QE 2 that continues through June. However, he declared, further monetary accommodation will not help.
By Gary SiegelMarch 7 -
NEW YORK – Consumer credit increased by $5.0 billion, or 2.5%, in January, the Federal Reserve reported Monday.
By Gary SiegelMarch 7 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.110% high rate, down from 0.145% the prior week, and the six-months incurred a 0.155% high rate, off from 0.170% the week before.
By Gary SiegelMarch 7 -
NEW YORK - The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.
By Gary SiegelMarch 7 -
NEW YORK – The Conference Board’s Employment Trends Index (ETI) rose to 101.7 in February from a downwardly revised 100.1 in January, originally reported as 100.5, and is up 8% from a year ago, the group announced Monday.
By Gary SiegelMarch 7 -
NEW YORK – The Federal Reserve has provided sufficient liquidity and Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said he would oppose extending or expanding monetary accommodation and would vote to halt the $600 billion asset purchase plan that continues through June.
By Gary SiegelMarch 7 -
NEW YORK – Exit strategy was the hot topic last year, and while pushed off by a “soft patch” mid-year and even though he’s not expecting an immediate need for an exit strategy, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart said Monday, “we will have to decide when to actively implement an exit strategy. And though the answer to when to do this is clear in concept, it is not straightforward in practice.”
By Gary SiegelMarch 7 -
U.S. inflationary pressures were higher in February, as the U.S. future inflation gauge grew to 102.1 from a revised 101.9 in January, originally reported as 101.6, according to data released Friday by the Economic Cycle Research Institute.
By Gary SiegelMarch 4 -
NEW YORK – Newly issued Treasury securities held in stripped form decreased about $1.116 billion in February to a total of $199.783 billion, the Bureau of the Public Debt reported this afternoon.
By Gary SiegelMarch 4 -
NEW YORK - U.S. inflationary pressures were higher in February, as the U.S. future inflation gauge grew to 102.1 from a revised 101.9 in January, originally reported as 101.6, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelMarch 4 -
The European Central Bank announced that its Governing Council has held interest rates at current levels at its latest monetary policy meeting Thursday.
By Gary SiegelMarch 3 -
Oil price hikes should be temporary, but if they were to push up longer-term inflation expectations, it would be an “unwelcome development,” Federal Reserve Bank of Atlanta president Dennis Lockhart said on Thursday.
By Gary SiegelMarch 3 -
The U.S. services sector expanded at a faster pace in February as the non-manufacturing business activity composite index was 59.7 in February, up from 59.4 in January, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.
By Gary SiegelMarch 3 -
NEW YORK – Oil price hikes should be temporary, but if they were to push up longer-term inflation expectations, it would be an “unwelcome development,” Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart said today.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department said it will auction $13 billion 29-year, 10-month notes on Thursday, March 10.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department said it will auction $32 billion three-year notes on Tuesday, March 8.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department said it will auction $21 billion 9-year, 11-month notes on Wednesday, March 9.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department said it will auction $23 billion year bills on Wednesday, March 9.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department said Thursday it will auction $32 billion 91-day bills and $30 billion 182-day discount bills Monday.
By Gary SiegelMarch 3 -
NEW YORK – The U.S. services sector expanded at a faster pace in February as the non-manufacturing business activity composite index was 59.7 in February, compared to 59.4 in January, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.
By Gary SiegelMarch 3