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 - U.S. inflationary pressures were higher in October as the U.S. future inflation gauge rose to 91.7 from an upwardly revised 91.0 in September, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelNovember 6 -
The Treasury Department said yesterday it will auction $30 billion of 91-day bills and $31 billion of 182-day discount bills Monday.
By Gary SiegelNovember 5 -
The European Central Bank yesterday announced its Governing Council held interest rates at current levels at its latest monetary policy meeting.
By Gary SiegelNovember 5 -
NEW YORK - The European Central Bank today announced its Governing Council held interest rates at current levels at its latest monetary policy meeting this morning.
By Gary SiegelNovember 5 -
The Treasury Department said yesterday it plans to sell a record $81 billion at its quarterly refunding to raise $42.5 billion.
By Gary SiegelNovember 4 -
The Institute for Supply Management’s non-manufacturing business activity composite index was 50.6 in October, off from 50.9 in September, on a seasonally adjusted basis, the group said yesterday.
By Gary SiegelNovember 4 -
Although information suggests economic activity continues to “pick up,” the Federal Open Market Committee said yesterday it will keep “the target range for the federal funds rate at 0% to 0.25% and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.”
By Gary SiegelNovember 4 -
NEW YORK – Although information suggest economic activity continues to “pick up,” the Federal Open Market Committee said it will keep “the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.”
By Gary SiegelNovember 4 -
NEW YORK - The Institute for Supply Management's non-manufacturing business activity composite index was 50.6 in October, off from 50.9 in September, on a seasonally adjusted basis, the group said today.
By Gary SiegelNovember 4 -
NEW YORK – The Treasury Department said today it plans to sell a record $81 billion at its quarterly refunding to raise $42.5 billion.
By Gary SiegelNovember 4 -
NEW YORK – Texas voters approved 11 constitutional amendments yesterday, including Proposition 1, which gives towns and counties the right to issue bonds or notes to buy open space near military bases to buffer them from encroaching civilian development, and Proposition 6, which renews a lending program for Texas military veterans by authorizing $2 billion of housing bonds to be issued by the Texas Veterans Land Board.
By Gary SiegelNovember 4 -
The Treasury Department yesterday auctioned $28 billion of four-week bills at a 0.035% high yield, a price of 99.997278.
By Gary SiegelNovember 3 -
The Federal Reserve yesterday announced the results of its term auction facility, selling $13.152 billion of 70-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 3 -
NEW YORK - The Treasury Department today auctioned $28 billion of four-week bills at a 0.035% high yield, a price of 99.997278.
By Gary SiegelNovember 3 -
NEW YORK – The Federal Reserve today announced the results of its term auction facility, selling $13.152 billion of 70-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 3 -
The Federal Reserve said yesterday it will set a 0.25% minimum bid on its $25 billion, 70-day Term Auction Facility.
By Gary SiegelNovember 2 -
About 3,280,000 online job postings appeared on leading Internet job boards in October, an 83,200 decrease from September’s 3,363,200, the Conference Board reported yesterday.
By Gary SiegelNovember 2 -
The overall economy grew for the sixth straight time after seven months of contraction, while the manufacturing sector expanded for the third time after 18 months of contraction, according to a report issued yesterday by the Institute for Supply Management.
By Gary SiegelNovember 2 -
Pending home sales increased 6.1% to a reading of 110.1 in September from a 6.4% rise to 103.8 in August, according to an index released yesterday by the National Association of Realtors.
By Gary SiegelNovember 2 -
NEW YORK – The Treasury Department said it plans to borrow $276 billion in the fourth calendar quarter of 2009 and end the year with an $85 billion cash balance, including $15 billion for its supplemental financial program.
By Gary SiegelNovember 2