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 Federal Open Market Committee meeting that began Tuesday will be unique because rates remain at the zero lower bound and the Fed has taken many actions to ensure smooth markets since the economic shutdown to contain the coronavirus.
By Gary SiegelApril 28 -
Uncertainty remains the only constant regarding the coronavirus pandemic, and two Federal Reserve Bank presidents offered positive thoughts, although no definitive answers.
By Gary SiegelApril 14 -
Although there’s still no way to tell how long the COVID-19 shutdown will last, or how much economic damage will result, the Federal Reserve’s speedy descent to the zero lower bound will assist the recovery, according to a report.
By Gary SiegelApril 13 -
Municipal market participants are confused, to say the least, about the Federal Reserve and its ability to buy long-term municipal securities. And there’s a good reason for the puzzlement.
By Gary SiegelApril 7 -
While some economists expect a V-shaped recovery, others say it will not be as sharp as the decline, and it could be years before output rises to pre-coronavirus levels.
By Gary SiegelApril 6 -
Coronavirus-driven job losses are way beyond predicted, and expected to get worse, but most still see a V-shaped recovery.
By Gary SiegelApril 3 -
Incoming data continued to show massive hits from the efforts to stem the spread of COVID-19, with jobless claims doubling and the New York manufacturing sector hitting all-time lows in activity.
By Gary SiegelApril 2 -
Wednesday’s economic data were not as bad as projected, but included just the beginning of the effects of the coronavirus on the economy.
By Gary SiegelApril 1 -
Consumer confidence dropped in March as the economy shut down to prevent the spread of the coronavirus, but economists expected a larger decline.
By Gary SiegelMarch 31 -
While experts predict rates will not stay at zero lower bound as long as after the financial crisis, they don’t see a hike for years.
By Gary SiegelMarch 30