The PPI for finished goods surged 1.7% last month, nearly triple Consensus expectations for a 0.6% gain and the strongest monthly increase since January 1990. Less food & energy, the 0.3% rise in "core" prices also was triple [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Nov 16 2004Producer Prices Surge, Core Strong
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2004
U.S. Inventories Up Slightly
Total business inventories edged 0.1% higher in September following strong accumulation during most of this year. Retail inventories slipped 0.4% due to a sharp 1.3% decline in motor vehicle inventories (+12.1% y/y). Non-auto [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2004
Empire State Index Gain Light
The November Empire State Index of General Business Conditions in New York's manufacturing industries recovered just 2.3 points of the 9.8 point October decline rising to 19.76, about as expected. The new orders component fell to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2004
Empire State Index Gain Light
The November Empire State Index of General Business Conditions in New York's manufacturing industries recovered just 2.3 points of the 9.8 point October decline rising to 19.76, about as expected. The new orders component fell to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2004
U.S. Consumer Sentiment Recovered Further
The University of Michigan's mid-month November consumer sentiment reading of 95.5 rose 4.1% m/m from October, adding to the improvement during October's second half. Consensus expectations had been for a reading of 93.0. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2004
U.S. Retail Sales Gain
US retail sales rose an expected 0.2% (7.6% y/y) last month, the gain held back by lower auto sales. September sales were revised up slightly. During the last twenty years there has been a 60% correlation between the y/y change in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2004
U.S. Retail Sales Gain
US retail sales rose an expected 0.2% (7.6% y/y) last month, the gain held back by lower auto sales. September sales were revised up slightly. During the last twenty years there has been a 60% correlation between the y/y change in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2004
Home Price Appreciation Varies
New home price appreciation across the US varies widely; by what is measured and by region. The average price of a new home rose 8.4% through 3Q, a slowdown from the peak rate of appreciation of 13.7%. Median prices through 3Q rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2004
Home Price Appreciation Varies
New home price appreciation across the US varies widely; by what is measured and by region. The average price of a new home rose 8.4% through 3Q, a slowdown from the peak rate of appreciation of 13.7%. Median prices through 3Q rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2004
Federal Funds Rate Raised to 2.0%
The Federal Open Market Committee raised the target rate for federal funds by 25 basis points to 2.00%, as expected. The discount rate also was raised 25 basis points to 3.00%. The decision was unanimous. Today's press release from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2004
Mortgage Applications Falter
Mortgage applications fell 4.5% last week and reversed about half of the 8.2% gain the week earlier, according to the Mortgage Bankers Association (MBA). Purchase applications fell 2.7% after the prior week's 12.6% surge. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2004
Initial Claims for Unemployment Insurance Ticked Up
Last week, initial claims for unemployment insurance ticked up 2,000 to 333,000 following the sharp 19,000 decline the prior week. The Consensus expectation had been for 337,000 claims. The four week moving average of initial claims [...]
by:Tom Moeller
|in:Economy in Brief
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