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 – Since sustained hikes in oil prices could “cause inflation expectations to become less well anchored,” the Fed will monitor developments and “respond as necessary,” Federal Reserve Board Chairman Ben S. Bernanke told the Senate Banking, Housing, and Urban Affairs Committee Tuesday.
By Gary SiegelMarch 1 -
The Chicago Purchasing Managers’ Business Barometer rose to 71.2 in February from 68.8 in January, the National Association of Purchasing Management-Chicago said Monday.
By Gary SiegelFebruary 28 -
Sovereign debt problems and state and local finances should be viewed for the possible disruptions they can cause to the national and world economy, rather than being dismissed as inconsequential, Federal Reserve Bank of Boston president Eric Rosengren said Monday.
By Gary SiegelFebruary 28 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.145% high rate, up from 0.110% the prior week, and the six-months incurred a 0.170% high rate, up from 0.155% the week before.
By Gary SiegelFebruary 28 -
NEW YORK - The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.
By Gary SiegelFebruary 28 -
NEW YORK - The Treasury Department said it will auction $25 billion 49-day cash management bills on Tuesday, March 1.
By Gary SiegelFebruary 28 -
NEW YORK - Texas factory activity, as measured by the production index, was nearly flat in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.
By Gary SiegelFebruary 28 -
NEW YORK – The seasonally adjusted Milwaukee Index climbed to 63 in February from 57 in January, according to the Institute for Supply Management-Milwaukee.
By Gary SiegelFebruary 28 -
NEW YORK - Pending home sales slipped 2.8% to a reading of 88.9 in January, according to a report released Thursday by the National Association of Realtors.
By Gary SiegelFebruary 28 -
NEW YORK - The Chicago Purchasing Managers’ Business Barometer rose to 71.2 in February from 68.8 in January, the National Association of Purchasing Management-Chicago said Monday.
By Gary SiegelFebruary 28 -
NEW YORK – Sovereign debt problems and state and local finances should be viewed for the possible disruptions they can cause to the national and world economy, rather than being dismissed as inconsequential, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said Monday.
By Gary SiegelFebruary 28 -
NEW YORK – New York City business activity improved at the fastest pace in nine months, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.
By Gary SiegelFebruary 28 -
The University of Michigan's final February consumer sentiment index reading was 77.5 compared to the preliminary 75.1 and the final January 74.2 reading, according to market sources.
By Gary SiegelFebruary 25 -
NEW YORK - The University of Michigan's final February consumer sentiment index reading was 77.5, compared to the preliminary 75.1 and the final January 74.2 reading, according to market sources.
By Gary SiegelFebruary 25 -
Quantitative easing has been an effective tool, but with the economy improving the debate becomes whether to complete it or taper it off, St. Louis Federal Reserve Bank president James Bullard said Thursday.
By Gary SiegelFebruary 24 -
NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/4% coupon, a 2.854% high yield, a price of 99.344326.
By Gary SiegelFebruary 24 -
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 SiegelFebruary 24 -
NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “matched an all-time survey high in February, and firms expected strong activity in the months ahead. Prices for raw materials continued to rise, and more firms were raising finished goods prices,” according to the bank’s monthly manufacturing survey, released Thursday.
By Gary SiegelFebruary 24 -
NEW YORK – Quantitative easing has been an effective tool, but with the economy improving the debate become whether to complete it or taper it off, St. Louis Federal Reserve Bank President James Bullard said today.
By Gary SiegelFebruary 24 -
NEW YORK - The Chicago Fed National Activity Index for January decreased to negative 0.16 from a revised positive 0.18 reading in December, while the three-month moving average (CFNAI-MA3) climbed to negative 0.10 in January, from December’s revised negative 0.14, the Federal Reserve Bank of Chicago reported Thursday.
By Gary SiegelFebruary 24