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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With monetary policy near the bottom of the range of Federal Open Market Committee estimates of its longer-run neutral rate, communications will need to change, Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday.
February 19 -
New York service sector activity “grew at a fairly solid clip” in February, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Tuesday.
February 19 -
The federal government ran a $13.5 billion deficit in December, the Treasury Department reported Wednesday.
February 13 -
If the economy moves as expected, Federal Reserve Bank of Philadelphia President Patrick Harker expects one rate hike this year and one next year.
February 13 -
Labor market “activity declined modestly and momentum remained high in January,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) slid to 0.97 from 1.06 in December, the Bank said Wednesday.
February 13 -
With inflation expectations eclipsing economic slack in driving inflation, policymakers will need to keep expectations in line to avoid “large swings in inflation,” according to researchers at the Federal Reserve Bank of San Francisco.
February 11 -
Consumers’ inflation expectations held, while respondents showed more pessimism about the economy.
February 11 -
The Federal Open Market Committee needs to be careful because the market expects low inflation and the yield curve remains quite flat, Federal Reserve Bank of St. Louis President James Bullardsaid late Thursday.
February 8 -
Consumer credit increased by $16.6 billion in December to $4.010 trillion, the Federal Reserve reported Thursday.
February 7 -
Newly issued Treasury securities held in stripped form increased about $2.97 billion in January to a total of $301.182 billion.
February 6 -
Reserve balances still affect the fed funds rate, according to Federal Reserve Bank of Kansas City Senior Economist A. Lee Smith.
February 6 -
The U.S. international trade gap narrowed to $49.3 billion in November from $55.7 billion in October, the Commerce Department reported Wednesday.
February 6 -
The Federal Reserve can be patient and watch the economy without changing monetary policy for “the next several months,” according to Federal Reserve Bank of Dallas President Robert Kaplan.
February 5 -
The U.S. services sector expanded at a slower pace in January as the non-manufacturing index dropped to 56.7 from 58.0 in December.
February 5 -
Monetary policy is well positioned, Federal Reserve Bank of Cleveland President Loretta Mester said Monday evening.
February 5 -
A negative Federal Reserve monetary policy rate could have helped turn the economy around faster during the Great Recession, according to a Federal Reserve Bank of San Francisco researcher.
February 4 -
New orders for manufactured goods decreased 0.6% in November, after dropping an unrevised 2.1% in October.
February 4 -
The Conference Board's Employment Trends Index (ETI) fell to 109.56 in January from a downwardly revised 110.96 in December.
February 4 -
The New York economy slipped in January, with current conditions falling to its lowest level since June.
February 4 -
Monetary policy is “appropriate” and in the range of the estimates of neutral, Federal Reserve Board Chair Jerome Powell said Wednesday.
January 30
