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 commercial leading indicator for brokerage activity rose 0.9% to 102.4 in the third quarter from 101.5 in the second quarter, but remains down 11.1% from the 115.3 posted in the third quarter of last year, the National Association of Realtors said today.
By Gary SiegelNovember 19 -
NEW YORK – The region's manufacturing sector picked up, as the general business conditions index increased to 16.7 in November from 11.5 in October, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.
By Gary SiegelNovember 19 -
NEW YORK - The composite index of Leading Economic Indicators gained 0.3% in October, its seventh straight gain, the Conference Board reported today.
By Gary SiegelNovember 19 -
NEW YORK – Price instability, both inflation and deflation, is a “significant source of financial instability,” Federal Reserve Bank of Philadelphia President and CEO Charles I. Plosser told an audience today.
By Gary SiegelNovember 19 -
Interest rates may not be raised until 2012, Federal Reserve Bank of St. Louis president James Bullard told business leaders yesterday.
By Gary SiegelNovember 18 -
NEW YORK – Interest rates may not be raised until 2012, Federal Reserve Bank of St. Louis President James Bullard told area business leaders today.
By Gary SiegelNovember 18 -
Builders’ confidence in the market for new single-family homes was steady in November, as the National Association of Home Builders’ housing market index held at 17 after October’s number was revised to 17 from 18, the group announced yesterday.
By Gary SiegelNovember 17 -
The economy has improved, but much work remains, Federal Reserve Bank of Cleveland president and chief executive officer Sandra Pianalto said yesterday.
By Gary SiegelNovember 17 -
The time to tighten monetary policy is when “economic growth is strong enough and well-enough established, even if it is not yet especially vigorous,” Federal Reserve Bank of Richmond president Jeffrey Lacker said yesterday in remarks before the Virginia House Appropriations Committee.
By Gary SiegelNovember 17 -
The fiscal crisis shows that the economy’s health is tied to the financial system, Federal Reserve Bank of San Francisco president Janet Yellen said yesterday.
By Gary SiegelNovember 17 -
NEW YORK - Builders’ confidence in the market for new single-family homes was steady in November, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – held at 17, after October’s number was revised to 17 from 18, the group announced this afternoon.
By Gary SiegelNovember 17 -
NEW YORK – The economy has improved, but much work remains, especially in housing, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto said today.
By Gary SiegelNovember 17 -
NEW YORK - The Treasury Department today auctioned $27 billion of one-year bills at a 0.315% high yield, a price of 99.681500.
By Gary SiegelNovember 17 -
NEW YORK - The Treasury Department today auctioned $32 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
By Gary SiegelNovember 17 -
NEW YORK – The time to tighten monetary policy is when “economic growth is strong enough and well-enough established, even if it is not yet especially vigorous,” Federal Reserve Bank of Richmond President Jeffrey Lacker said today.
By Gary SiegelNovember 17 -
NEW YORK – The Federal Reserve today announced the results of its term auction facility, selling $31.119 billion of 28-day credits at a 0.250% stop-out rate, the lowest rate at which the offering amount clears, which is the sole rate awarded to all the successful bids.
By Gary SiegelNovember 17 -
NEW YORK – The two-year fiscal crisis indicates that the economy’s health is tied to the financial system, San Francisco Federal Reserve Bank President Janet Yellen said today.
By Gary SiegelNovember 17 -
The Empire State Manufacturing Survey showed “conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October,” the Federal Reserve Bank of New York reported yesterday, as the general business conditions index decreased to 23.51 from 34.57 in October.
By Gary SiegelNovember 16 -
Acknowledging that financial conditions in the U.S. have improved considerably in the past year, Federal Reserve Board chairman Ben S. Bernanke yesterday warned that “significant economic challenges remain,” which is why the Federal Open Market Committee sees the Fed funds rate target remaining “exceptionally low” for a long time.
By Gary SiegelNovember 16 -
NEW YORK – The economy will grow in each of the next five quarters, according to the Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters, which was released today.
By Gary SiegelNovember 16