- Light truck sales rebound to eight month high.
- Auto sales rise for third straight month.
- Imports' share improves.
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
- USA| Feb 01 2022
U.S. Light Vehicle Sales Strengthen in January
by:Tom Moeller
|in:Economy in Brief
- USA| Feb 01 2022
U.S. Energy Prices Rise
- Gasoline prices continue to rise.
- The cost of crude oil increases slightly.
- Natural gas prices strengthen.
by:Tom Moeller
|in:Economy in Brief
- Outlays on goods decline as services spending slows.
- Core price inflation is steady & strong.
- Wage & salary growth firms.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 27 2022
U.S. GDP & Prices Rise More Than Expected in Q4:21
- Real GDP growth strengthened by inventory building.
- Private domestic final demand growth picks up slightly.
- Price inflation accelerates.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 27 2022
Kansas City Fed Manufacturing Index Improves in January
- Employment & production increase.
- New orders & shipments ease.
- Price power improves.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 26 2022
U.S. New Home Sales Strengthen in December
- Sales are highest since March.
- Strengthening is pronounced in Midwest & South.
- Median sales price declines sharply.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 26 2022
FOMC Will Further Lessen Liquidity and Raise Rates Soon
At today's meeting of the Federal Open Market Committee (FOMC), the Fed indicated it will continue to reduce the stimulus it has been providing to the economy.
The Fed announced that it will lessen its planned purchases of Treasury securities to $20 billion per month from $40 billion as indicated at the last meeting, and to pare purchases of agency securities to $10 billion per month from $20 billion.
The meeting statement indicated that the federal funds rate target will remain in a range of 0.0% to 0.25%, where it has been since March 2020, "but the Committee expects it will soon be appropriate to raise the target range for the federal funds rate."
Specifically addressing inflation, the Fed indicated, "Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation."
The Fed went on to state, "Progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation."
The statement issued following today's meeting can be found here.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 26 2022
U.S. Goods Trade Deficit Widens to Record in December
- Export growth paced by consumer goods.
- Consumer & capital goods lead import gain.
by:Tom Moeller
- USA| Jan 25 2022
U.S. FHFA House Prices Post Big Gains Again in November
- Monthly increases have been strong & steady for four months.
- Regional house price increases vary.
- Prices surge in South Atlantic & East North Central regions.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 25 2022
U.S. Energy Prices Increase
- Gasoline prices rise slightly.
- Crude oil prices surge.
- Natural gas prices strengthen again.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 25 2022
U.S. Consumer Confidence Declines in January
- Expectations fall sharply, present situation improves.
- Jobs are easier to find.
- Price inflation expectations slip.
by:Tom Moeller
|in:Economy in Brief
- USA| Jan 24 2022
Chicago Fed National Activity Index Turns Negative in December
- First negative reading since April 2021.
- Production & personal consumption again lead downturn.
- Trend level of total index weakens.
by:Tom Moeller
|in:Economy in Brief
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