The Consumer Price Index (CPI-U) rose slightly less than Consensus expectations for a 0.4% rise. The 0.3% increase again was boosted by higher energy prices. The CPI less food and energy was unchanged for the first month since [...]
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| Apr 16 2003CPI Up, Core Inflation Stable
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2003
Industrial Production Down
Industrial production fell unexpectedly by 0.5% last month. Consensus expectations had been for a 0.2% decline. The preliminary report that output rose slightly in February was revised to show a slight decline. Despite these declines, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2003
Business Inventories Accumulate
Total business inventories rose twice Consensus expectations for a 0.3% gain. The 0.6% rise was the tenth consecutive monthly increase and that followed decumulation which extended through 2001 and into last year. Retail inventories [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2003
Retail Sales Surge
Retail sales in March rose 2.1% and were much stronger than Consensus expectations for a 0.4% rise. The sales decline in February was lessened due to shallower declines in sales of building materials and apparel. Sales in 1Q rose at a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2003
Initial Claims for Jobless Insurance Fell
Initial claims for unemployment insurance last week were lower than Consensus expectations for 430,000. Claims fell 8.6% w/w to 405,000 and reversed virtually all of the prior week's jump. Claims in the prior week were revised down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2003
Mortgage Applications Down Again
The index of mortgage applications compiled by the Mortgage Bankers Association fell 1.0% last week. It was the third consecutive weekly decline during which applications have fallen a total of 25.5%. Last week's decline was again led [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2003
Chain Store Sales Depressed Further by War News and Poor Weather
Chain store sales fell another 0.5% last week following a 1.4% decline the week prior according to the BTM-UBSW survey. A continued "CNN effect" -- when consumers stay home to watch TV rather than head out to shop -- and unfavorable [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2003
ECRI Leading Indicators Tread Water
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) fell in the final week of March and the dip left the March average about even with February. Treading water since November, the six- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2003
Nonfarm Payrolls Down Again
Nonfarm payrolls fell in March by 108,000, the fifth decline in the last seven months. Consensus had expected a 25,000 worker decline. The drop in February payrolls was deepened to a loss of 357,000 from a loss of 308,000 reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2003
Initial Jobless Insurance Claims Surged
Initial claims for unemployment insurance last week were much higher than Consensus expectations for 410,000. Claims in the prior week were revised up slightly. The 9.3% w/w rise to 445,000 brought claims to the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2003
U.S. Light Vehicle Sales Better Than Expected
Unit sales of light vehicles were surprisingly firm in March. Sales rose 4.8% from February and reversed nearly all of that month's m/m decline. Consensus expectations were for a 15.5 mil. unit sales rate. Sales of both light trucks [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2003
"CNN Effect" Depressed Chain Store Sales
Chain store sales slumped 1.4% last week according to the BTM-UBSW survey. The report indicated that the so called "CNN effect" -- when consumers stay home to watch TV rather than head out to shop -- was instrumental in restraining [...]
by:Tom Moeller
|in:Economy in Brief
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