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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Federal Reserve Board Chairman Jerome Powell stuck to his message in questioning before members of the House Financial Services Committee: the economy is doing well and the Fed will stay on the sidelines unless there is a “material change” to its forecast.
By Gary SiegelFebruary 11 -
The early dot plots were characterized by overly optimistic projections for gross domestic product, which were later revised down, while the projections made after 2017 have been somewhat pessimistic, but more accurate, according to research by the Federal Reserve Bank of San Francisco.
By Gary SiegelFebruary 10 -
Fed chair calls the illness a downside risk that arose while others are receding.
By Gary SiegelFebruary 7 -
Nonfarm productivity grew at a 1.4% pace in the fourth quarter after slipping 0.2% a quarter earlier, the Labor Department reported Thursday.
By Gary SiegelFebruary 6 -
The prevailing opinion is the Federal Reserve will note the downside risks caused by the virus, won’t cut rates in March, but bets are hedged for later in the year.
By Gary SiegelFebruary 4 -
With manufacturing showing expansion for the first time in six months, a new issue threatens the sector.
By Gary SiegelFebruary 3 -
An economic slowdown was expected in 2019, and the data prove the prediction was correct. Now softening consumer spending could portend the need for the Federal Reserve to ease policy at some point.
By Gary SiegelJanuary 31 -
Monetary policy is accommodative and will remain so this year, but with the Fed's framework review concluding, some analysts believe it will shift from a 2% symmetric inflation target to an average inflation target.
By Gary SiegelJanuary 30 -
The FOMC post-meeting statement was much like the previous one, with just a minor tweak, as the fed funds target was kept at a range of 1.50% to 1.75%.
By Gary SiegelJanuary 29 -
Consumers remain confident, as the consumer confidence index rose to 131.6 in January from an upwardly revised 128.2 in December, the Conference Board reported Tuesday.
By Gary SiegelJanuary 28