Relatively sluggish economic conditions in the U.S. continue to be reflected in moderation in the use of credit. Total borrowing in the U.S. was $2,895 billion at a seasonally adjusted annual rate in Q3, up from $2,414 billion in Q2, [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Nov 22 2016U.S. Energy Prices Mixed in Latest Week
Energy product prices were mixed last week. Regular gasoline prices edged down 3 cents per gallon to $2.155 (+2.9% y/y), their lowest level since mid-August. Prices remained down versus a 2014 high of $3.71 per gallon. Haver Analytics [...]
- Global| Nov 04 2016
U.S. Trade Deficit Narrows in September
The U.S. trade deficit in goods and services decreased to $36.4 billion in September from a marginally revised $40.5 billion in August. The Action Economics Forecast Survey expected a $38.7 billion deficit. Exports rose 0.6% (0.9% [...]
Total borrowing in the U.S. was $2,443 billion at a seasonally adjusted annual rate in Q2, down from $2,966 billion in Q1, according to the Financial Accounts of the U.S., released Friday by the Federal Reserve Board. The Q2 amount [...]
- Global| Sep 15 2016
Business Inventories Unchanged in July as Sales Tick Down
Total business inventories decreased ever so slightly, -0.04% (+0.5% y/y), in July; June's 0.2% rise was unrevised. Total business sales slipped -0.2% (-0.8% y/y), pausing after June's 1.0% gain, which was revised from 1.2%. Retail [...]
- Global| Sep 06 2016
U.S. ISM Nonmanufacturing Index Slows
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) decreased to 51.4 in August from 55.5 in July. Expectations in the Action Economics Forecast Survey had been for a much [...]
- Global| Sep 02 2016
U.S. Trade Deficit Narrows, Due Mainly to Surge in Soybean Exports
The U.S. trade deficit in goods and services decreased to $39.5 billion in July from a slightly revised $44.7 billion in June. The Action Economics Forecast Survey had expected a much more modest move to a $43.0 billion deficit. The [...]
- Global| Aug 05 2016
U.S. Trade Deficit Widens with Rise in Petroleum Imports
The U.S. trade deficit in goods and services widened to $44.5 billion in June from a slightly revised $41.0 billion in May. The Action Economics Forecast Survey had expected a $43.1 billion deficit. The latest deficit was the largest [...]
- Global| Jul 29 2016
U.S. Employment Cost Index Shows Steady Gain
The employment cost index for civilian workers increased 0.6% (2.3% y/y) during Q2'16 following a similar Q1 rise. This latest gain was in line with the Action Economics Forecast Survey. Wages and salaries also increased 0.6% (2.5% [...]
- Global| Jun 09 2016
U.S. Financial Accounts Show Moderation in Credit Use; Slim Rise in Household Net Worth
Total borrowing in the U.S. decreased in Q1 to $2,493 billion at a seasonally adjusted annual rate, down from $3,950 billion in Q4 2015, according to the Financial Accounts of the U.S., released today by the Federal Reserve Board. The [...]
- Global| May 13 2016
Business Inventories Have First Gain in 6 Months
Total business inventories grew 0.4% m/m in March (+1.5% y/y) following a 0.1% dip in February, which was unrevised. Total business sales rose 0.3% m/m (-1.7% y/y), their first increase since last June. Retail inventories increased [...]
- Global| May 04 2016
U.S. Trade Deficit Narrows as Exports & Imports Both Fall
The U.S. foreign trade deficit decreased to $40.4 billion in March from $47.0 billion in February, marginally revised from $47.1 billion. A deficit of $41.5 billion was expected in the Action Economics Forecast Survey. Exports of [...]
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