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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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 -
NEW YORK – Acknowledging that financial conditions in the U.S. have improved considerably in the past year, Federal Reserve Board Chairman Ben S. Bernanke 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 - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were steady, as the three-months incurred a 0.065% high rate, unchanged from 0.065% the prior week, and the six-months incurred a 0.165% high rate, unchanged from 0.165% the week before.
By Gary SiegelNovember 16 -
NEW YORK - The Treasury Department said it will sell $32 billion of four-week discount bills tomorrow.
By Gary SiegelNovember 16 -
NEW YORK – The Federal Reserve announced today it will set a 0.25% minimum bid on its $75 billion 28-day Term Auction Facility credit selling today.
By Gary SiegelNovember 16 -
NEW YORK - 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 today reported, as the general business conditions index decreased to 23.51 in the month from 34.57 in October, the Fed reported.
By Gary SiegelNovember 16 -
The University of Michigan’s preliminary November consumer sentiment index reading was 66.0, compared to the final October figure of 70.6, according to market sources.
By Gary SiegelNovember 13 -
Since no methods exist to reliably detect asset bubbles, “it seems unwise to adopt fighting them as a policy objective,” Federal Reserve Bank of Chicago president and chief executive officer Charles L. Evans said Friday.
By Gary SiegelNovember 13 -
NEW YORK – Since no methods exist to reliably detect asset bubbles, “it seems unwise to adopt fighting them as a policy objective,” Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said today.
By Gary SiegelNovember 13 -
The University of Michigan's preliminary November consumer sentiment index reading was 66.0, compared to the final October 70.6, the preliminary October 69.4, the final September 73.5, and the final August 65.7, according to market sources.
By Gary SiegelNovember 13