The U.S. foreign trade deficit surged to another record high in June of $55.8B. Consensus expectations had been for a deficit of $46.7B. Total imports jumped 3.3% as petroleum imports surged 17.8% (46.2% y/y). Imports of non-petroleum [...]
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| Aug 13 2004U.S. Trade Deficit A New Record
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2004
Initial Claims For Jobless Insurance Slip Again
Initial unemployment insurance claims unexpectedly fell 4,000 to 333,000 last week and the prior week was up revised slightly. Consensus expectations had been for 340,000 claims. During the last ten years there has been a (negative) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2004
Import Prices Up Slightly
Import prices rose 0.2% last month following a 0.1% dip in June.The Consensus expectation had been for a 0.4% rise. Non-petroleum import prices rose a slight 0.1% after being unchanged in June. Capital goods prices fell for the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2004
U.S. Retail Sales Up
Retail sales rose 0.7% last month following a 0.5% June decline, revised from the initial report of a 1.1% slide. Consensus expectations had been for a 1.1% rise in July sales. Excluding motor vehicles & parts dealers sales rose 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2004
U.S. Retail Sales Up
Retail sales rose 0.7% last month following a 0.5% June decline, revised from the initial report of a 1.1% slide. Consensus expectations had been for a 1.1% rise in July sales. Excluding motor vehicles & parts dealers sales rose 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2004
Crude Oil Prices Surge, Gasoline Prices Dip
Spot crude oil prices surged last week with the price of West Texas Intermediate crude rising to a record $44.55 per barrel. The average price for unleaded regular gasoline fell to $1.88 per gallon versus the high of $2.06 in late [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2004
Small Business Optimism Recovered
The Small Business Optimism Index published by the National Federation of Independent Business (NFIB) jumped 2.8% last month and the increase recovered all of the decline during the prior two months. The percentage of firms expecting [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2004
OECD Leaders Again Flat
Since February, the Index of Leading Indicators for the Major Seven OECD Countries is virtually unchanged. Flat readings in both June and May pulled the six-month rate of growth to 3.6%, less than half the growth rate when the year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2004
OECD Leaders Again Flat
Since February, the Index of Leading Indicators for the Major Seven OECD Countries is virtually unchanged. Flat readings in both June and May pulled the six-month rate of growth to 3.6%, less than half the growth rate when the year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2004
FOMC Raised Interest Rates Again
As expected, the Federal Reserve raised the target rate for federal funds by 25 basis points to 1.50%. The discount rate also was raised to 2.50%. The decision was unanimous. Perhaps suggesting that rates will be raised even further, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2004
Chain Store Sales Inch Higher
Chain store sales inched 0.1% higher in the opening week of August according to the International Council of Shopping Centers (ICSC)-UBS. Sales began the month 0.4% above the July average which rose 0.3% versus June. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2004
U.S. Productivity Growth Surprisingly Strong in 2Q
Non-farm labor productivity grew 2.9% last quarter, a slowdown from 3.7% growth in 1Q but firmer than Consensus expectations for 2.0% growth. Part of the upside surprise was due to a 3.8% (5.9% y/y) gain in non-farm output versus the [...]
by:Tom Moeller
|in:Economy in Brief
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