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 - The Treasury Department said today it will auction $26 billion 91-day bills and $28 billion 182-day discount bills Monday.
By Gary SiegelMarch 4 -
NEW YORK – “The Federal Reserve’s quantitative easing program has shown that stabilization policy can be carried out effectively even when policy rates are near zero,” said Federal Reserve Bank of St. Louis President James Bullard.
By Gary SiegelMarch 4 -
NEW YORK - Pending home sales fell 7.6% to a reading of 90.4 in January from a revised 1.0% increase to 97.8 in December, originally reported as a 1.0% gain to 96.6, as November’s index is now reported as 97.0, according to an index released today by the National Association of Realtors.
By Gary SiegelMarch 4 -
The Institute for Supply Management’s non-manufacturing business activity composite index was 53.0 in February, up from 50.5 in January, on a seasonally adjusted basis, the group said yesterday.
By Gary SiegelMarch 3 -
Nine of the 12 Federal Reserve districts reported improved economic activity that was generally modest, despite severe snowstorms that held back activity in several districts, according to the Fed’s “beige book.”
By Gary SiegelMarch 3 -
Supervision should be an alternative to monetary policy actions for dealing with asset bubbles and imbalances, Federal Reserve Bank of Boston president and chief executive officer Eric Rosengren said yesterday.
By Gary SiegelMarch 3 -
The federal funds target rate will remain exceptionally low for an extended period, Federal Reserve Bank of Atlanta president and chief executive officer Dennis Lockhart said yesterday.
By Gary SiegelMarch 3 -
The regulatory reform proposals before Congress do not offer “meaningful reform” and could lead to more future crises rather than avert them, Federal Reserve Bank of Philadelphia president and chief executive officer Charles Plosser said yesterday.
By Gary SiegelMarch 3 -
NEW YORK – Nine of the twelve Federal Reserve Districts reported improved economic activity, generally modest, despite severe snowstorms, which held back activity in several districts, according to the Federal Reserve’s Beige Book.
By Gary SiegelMarch 3 -
NEW YORK – The fed funds target rate will remain exceptionally low for an extended period of time, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart reiterated today.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated March 4, due April 29, at a 0.125% high tender rate.
By Gary SiegelMarch 3 -
NEW YORK - The Institute for Supply Management's non-manufacturing business activity composite index was 53.0 in February, up from 50.5 in January, on a seasonally adjusted basis, the group said today.
By Gary SiegelMarch 3 -
NEW YORK – Supervision should be an alternative to monetary policy actions for dealing with asset bubbles and imbalances in the economy or financial system, Federal Reserve Bank of Boston President and Chief Executive Officer Eric S. Rosengren said today.
By Gary SiegelMarch 3 -
NEW YORK – The regulatory reform proposals before Congress do not offer “meaningful reform” and could lead to more future crises rather than averting them, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plossersaid today.
By Gary SiegelMarch 3 -
The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
By Gary SiegelMarch 2 -
The federal funds rate cannot remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City president Thomas Hoenig said yesterday.
By Gary SiegelMarch 2 -
While many economic forecasters predict real gross domestic product will grow at a 3% pace this year and a 4% pace in 2011, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday he believes growth will be a little slower, averaging 3% over the next two years.
By Gary SiegelMarch 2 -
NEW YORK – Many private forecasters and the Federal Open Market Committee predict real gross domestic product will grow at a 3% pace this year and 4% next year, but Federal Reserve Bank of Minneapolis President Narayana R. Kocherlakota said today he believes growth will be a little slower, averaging 3% over the next two years.
By Gary SiegelMarch 2 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
By Gary SiegelMarch 2 -
NEW YORK – The fed funds rate can’t remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City President Thomas Hoenig said today.
By Gary SiegelMarch 2