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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In his first press conference as chair following a Federal Open Market Committee Jerome Powell stressed that “one decision” was made at the meeting: raising rates 25 basis points to a 1.5% to 1.75% target range.
March 21 -
The Federal Open Market Committee raised the federal funds rate target to a 1.50% to 1.75% range, as expected, while the Summary of Economic Projections still calls for three hikes this year.
March 21 -
Existing home sales rose in February as sales gain in the West and South offset decreases in the Northeast and Midwest.
March 21 -
The U.S. current account deficit rose to $128.2 billion in the fourth quarter of 2017.
March 21 -
The indexes for prices paid and prices received rose in March.
March 20 -
The municipal bond market will focus more on the Summary of Economic Projections and the press conference, with a rate hike assumed.
March 19 -
The University of Michigan's preliminary March consumer sentiment index reading was 102.0, compared to the final February 99.7 and the preliminary February 99.9, according to market sources.
March 16 -
Industrial production grew 1.1% in February, the Federal Reserve reported Friday.
March 16 -
Prices received increased in March, to a level not seen in six years, while wage growth was steady.
March 16 -
Builders’ confidence in the market for new single-family homes remained high in March
March 15
