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 markets have priced in a Federal Reserve rate cut this year, with the likelihood of a September reduction rising to 62% on Wednesday from a 50-50 shot on Tuesday and about a 91% of a 25 basis point cut by yearend.
By Gary SiegelMay 29 -
Softness in consumer spending may be ending, which would increase gross domestic product.
By Gary SiegelMay 28 -
A 2.1% drop in durable goods orders shows businesses are holding off on equipment purchases as trade tensions with China increase.
By Gary SiegelMay 24 -
Analysts homed in on the phrase “some time” and the absence of rate cut discussion in the minutes of the last Federal Open Market Committee meeting..
By Gary SiegelMay 23 -
The latest slip in inflation will likely be short-lived and interest rates could stay where they are “for some time.”
By Gary SiegelMay 22 -
Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.
By Gary SiegelMay 21 -
Two Federal Reserve Bank presidents discussed how trade policy is effecting the economy; neither seemed ready to cut interest rates.
By Gary SiegelMay 20 -
During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.
By Gary SiegelMay 17 -
Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.
By Gary SiegelMay 16 -
Worse-than-expected economic data released on Wednesday may signal softer growth — and greater demand for bonds.
By Gary SiegelMay 15