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 Federal Reserve announced today it will set a 0.25% minimum bid on its $50 billion 70-day Term Auction Facility credit selling today.
By Gary SiegelOctober 5 -
NEW YORK - U.S. inflationary pressures were higher in September as the U.S. future inflation gauge rose to 90.6 from an upwardly revised 89.7 in August, according to data released this morning by the Economic Cycle Research Institute.
By Gary SiegelOctober 2 -
Pending home sales increased 6.4% to a reading of 103.8 in August from an unrevised 3.2% rise to 97.6 in August, according to an index released yesterday by the National Association of Realtors.
By Gary SiegelOctober 1 -
The overall national economy grew for the fifth straight month, while the manufacturing sector expanded for the second time after 18 months of contraction, according to an Institute for Supply Management report yesterday.
By Gary SiegelOctober 1 -
The Federal Reserve Board is “well-suited” to supervise “systemically important financial institutions that may not already be subject to the Bank Holding Company Act,” Fed chairman Ben S. Bernanke told the House Financial Services Committee yesterday.
By Gary SiegelOctober 1 -
NEW YORK - The Treasury Department said it will auction $12 billion 29-year, 10-month notes on Thursday, Oct. 8.
By Gary SiegelOctober 1 -
NEW YORK - The Treasury Department said it will auction $7 billion 9-year 9-month inflation-protected notes on Monday, Oct. 5.
By Gary SiegelOctober 1 -
NEW YORK - The Treasury Department said it will auction $20 billion 9-year, 10-month notes on Wednesday, Oct. 7.
By Gary SiegelOctober 1 -
NEW YORK - The Treasury Department said today it will auction $30 billion 91-day bills and $30 billion 182-day discount bills Monday.
By Gary SiegelOctober 1 -
NEW YORK - The Treasury Department said it will auction $39 billion three-year notes on Tuesday, Oct. 6.
By Gary SiegelOctober 1 -
NEW YORK - The overall economy grew for the fifth straight time after seven months of contraction, while the manufacturing sector expanded for the second time after eighteenth months of contraction, the Institute for Supply Management reported this morning.
By Gary SiegelOctober 1 -
NEW YORK - Pending home sales increased 6.4% to a reading of 103.8 in August from an unrevised 3.2% rise to 97.6 in August, according to an index released today by the National Association of Realtors.
By Gary SiegelOctober 1 -
NEW YORK - The Federal Reserve is “well suited” to supervise “systemically important financial institutions that may not already be subject to the Bank Holding Company Act,” Federal Reserve Board Chairman Ben S. Bernanke told the House Financial
By Gary SiegelOctober 1 -
The Chicago Fed Midwest manufacturing index slipped 0.3% in August to a seasonally adjusted level of 80.1 after the July report showed a revised 3.1% increase to 80.4 originally reported as a 2.6% rise to 79.7, the Federal Reserve Bank of Chicago reported yesterday.
By Gary SiegelSeptember 30 -
The seasonally adjusted Milwaukee index increased to 58 in September from an upwardly revised 56 in August, according to the Institute for Supply Management-Milwaukee.
By Gary SiegelSeptember 30 -
New York City business activity surged in September, the first time the index has shown expansion for two straight months since the recession began in December 2007, according to the National Association of Purchasing Management-New York’s Report on Business.
By Gary SiegelSeptember 30 -
The Chicago Purchasing Managers’ Business Barometer fell to 46.1 in September from 50.0 in August, the National Association of Purchasing Management-Chicago said yesterday.
By Gary SiegelSeptember 30 -
Resource use that is “quite low,” subdued inflation, and credit restraints that will likely “constrain the speed of recovery” combine to make it likely the Fed will keep rates low for “an extended period,” Federal Reserve Board vice chairman Donald L. Kohn told the Cato Institute’s Shadow Open Market Committee yesterday.
By Gary SiegelSeptember 30 -
NEW YORK – Resource use that’s “quite low,” subdued inflation and credit restraints that will likely “constrain the speed of recovery,” combine to make it likely the Fed will keep rates low for “an extended period,” Federal Reserve Board Vice Chairman Donald L. Kohn told the Cato Institute's Shadow Open Market Committee today.
By Gary SiegelSeptember 30 -
NEW YORK - The Chicago Fed Midwest Manufacturing Index slipped 0.3% in August to a seasonally adjusted level of 80.1 after the July report showed a revised 3.1% increase to 80.4 originally reported as a 2.6% rise to 79.7, the Federal Reserve Bank of Chicago reported today.
By Gary SiegelSeptember 30