• Current account deficit grows as exports & imports decline. • Goods & services balances both deteriorate. The U.S. current account deficit grew to $170.5 billion in Q2 2020 from $111.5 billion in Q1, revised from $104.2 billion. The [...]
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| Sep 18 2020U.S. Current Account Deficit Deepens Significantly in Q2
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2020
U.S. Housing Starts Decline in August as Multi-Family Weakens
• New home building declined m/m but remained higher y/y. • Building permits eased. Housing starts declined 5.1% (+2.8% y/y) during August to 1.416 million (SAAR) from 1.492 million during July, revised from 1.496 million. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2020
U.S. Housing Starts Decline in August as Multi-Family Weakens
• New home building declined m/m but remained higher y/y. • Building permits eased. Housing starts declined 5.1% (+2.8% y/y) during August to 1.416 million (SAAR) from 1.492 million during July, revised from 1.496 million. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2020
U.S. Housing Starts Decline in August as Multi-Family Weakens
• New home building declined m/m but remained higher y/y. • Building permits eased. Housing starts declined 5.1% (+2.8% y/y) during August to 1.416 million (SAAR) from 1.492 million during July, revised from 1.496 million. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2020
U.S. Housing Starts Decline in August as Multi-Family Weakens
• New home building declined m/m but remained higher y/y. • Building permits eased. Housing starts declined 5.1% (+2.8% y/y) during August to 1.416 million (SAAR) from 1.492 million during July, revised from 1.496 million. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2020
U.S. Housing Starts Decline in August as Multi-Family Weakens
• New home building declined m/m but remained higher y/y. • Building permits eased. Housing starts declined 5.1% (+2.8% y/y) during August to 1.416 million (SAAR) from 1.492 million during July, revised from 1.496 million. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2020
FOMC Leaves Fed Funds Rate Near Zero, Citing Coronavirus Effects
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC. The Fed indicated that it will maintain this target range until the economy "is on track to achieve its maximum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2020
FOMC Leaves Fed Funds Rate Near Zero, Citing Coronavirus Effects
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC. The Fed indicated that it will maintain this target range until the economy "is on track to achieve its maximum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2020
U.S. Home Builder Sentiment Unexpectedly Sets Record in September
• Housing market activity continues to strengthen. • Improvement remains broad-based regionally. • Number of prospective buyers reaches new record. The Composite Housing Market Index from the National Association of Home Builders- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2020
U.S. Retail Sales Gain Decelerates in August
• Growth in consumer spending was below expectations last month. • Slower growth was widespread. The consumer pulled back on visits to retail outlets last month, despite limited openings of some stores after shutdowns due to COVID-19. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2020
U.S. Industrial Production Gain Moderates in August
• Manufacturing output remains strong. • High Tech and nondurable goods sectors are notably firm. • Capacity usage is unconstrained. Industrial production increased 0.4% (-7.7% y/y) during August following a 3.5% jump in July, revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2020
U.S. Import & Export Prices Rise Sharply Again in August
• Price increases are broad-based. • Oil import prices firm but farm export prices ease. Import prices increased 0.9% (-1.4% y/y) during August following a 1.2% July rise, revised from 0.7%. A 0.5% gain had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
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