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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As expected the Federal Open Market Committee left rates at a range of 1.5% to 1.75%, with no officials dissenting, and the updated forecasts call for rates to remain there through 2020.
By Gary SiegelDecember 11 -
With Federal Reserve officials offering a united front on keeping interest rates steady, attention will focus on the Summary of Economic Projections and the repo market.
By Gary SiegelDecember 10 -
As the Federal Open Market Committee convenes for its final scheduled meeting this year, one where President Trump kept upping the political pressure, the 2020 elections threaten to make the situation worse.
By Gary SiegelDecember 9 -
The strength of Friday’s employment report confirms that growth will pick up and recession is unlikely before 2023, according to at least one expert.
By Gary SiegelDecember 6 -
The U.S. trade deficit narrowed to $47.2 billion in October, the smallest shortfall since May 2018.
By Gary SiegelDecember 5 -
Peter Ireland, an economics professor at Boston College and a member of the Shadow Open Market Committee, discusses why the Fed’s 2019 “reversal” made sense, the economy, low inflation, how referencing a rule could help the Fed with monetary policy, and the biggest challenge facing the central bank. Gary Siegel hosts.
By Gary SiegelDecember 5 -
Wednesday's ADP employment number and the ISM's non-manufacturing index missed forecasts, raising the possibility a rate cut will be discussed if Friday's jobs report also disappoints.
By Gary SiegelDecember 4 -
The economy is in a different place than it was entering 2019, when the Federal Reserve was in a tightening cycle, yield curves were inverting, and the markets expected a recession.
By Gary SiegelDecember 3 -
The manufacturing sector and construction spending came in weaker than expected, though probably not bad enough for the Federal Reserve to care.
By Gary SiegelDecember 2 -
A smaller decline in business investment and continued consumer spending suggest the economy will continue to grow at a moderate pace.
By Gary SiegelNovember 27