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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Consumer sentiment fell in March, with the final reading 89.1, its lowest since October 2016, down from 95.9 in the preliminary read.
By Gary SiegelMarch 27 -
Initial jobless claims surged, as expected, hitting an all-time high of a seasonally adjusted 3.283 million in the week ended March 21, as the impacts of the coronavirus-driven closures showed in the numbers, the Labor Department said. The previous high for claims was 695,000 in October 1982.
By Gary SiegelMarch 26 -
With the Federal Reserve bringing the target rate down to the zero lower bound, communication takes on a vital role, and, if used properly, can enhance Fed actions.
By Gary SiegelMarch 25 -
New home sales were up 14.3% from a year ago, despite a 4.4% decline in February to a seasonally adjusted annual rate of 765,000, the Commerce Department reported Tuesday.
By Gary SiegelMarch 24 -
The Federal Reserve continued its “aggressive” and unprecedented actions to try to stem the economic bleeding caused by reaction and shutdowns related to the COVID-19 outbreak.
By Gary SiegelMarch 23 -
The Fed allowing use of munis as collateral in its MMLF program won't fix all the problems caused by COVID-19 and may add issues.
By Gary SiegelMarch 20 -
As the Federal Reserve continues trying to keep markets liquid as the stock market sinks, economic data are showing the effects of COVID-19.
By Gary SiegelMarch 19 -
With a significant decline in new infections in China, positive news may be ahead, one expert says.
By Gary SiegelMarch 18 -
The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.
By Gary SiegelMarch 16 -
When the Federal Reserve began expanding its balance sheet with quantitative easing, it was seen as an emergency measure. Yet a decade later, the Fed is again in jeopardy of hitting zero lower bound and its balance sheet remains large.
By Gary SiegelMarch 10