• Consumer spending posts surprising, record increase. • Discretionary spending rebounds sharply, reflecting pent-up demand. Total retail sales, including food service establishments, increased a record 17.7% (-6.1% y/y) during May [...]
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| Jun 16 2020U.S. Retail and Food Service Sales Surge in May
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2020
U.S. Petroleum Prices Increase
• Gasoline and crude oil prices move higher. • Natural gas prices hold steady. The price for a gallon of regular gasoline rose to $2.10 per gallon (-21.4% y/y) in the week ended June 15 from $2.04 per gallon in the previous week. It [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2020
Empire State Manufacturing Exhibits Unexpected Improvement in June
Economic activity in New York is strengthening. The Empire State Manufacturing Index of General Business Conditions rose sharply to -0.2 during June from -48.5 in May. The rebound far outpaced expectations for an increase to -31.3 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2020
Housing Affordability Increases in April as Mortgage Rates Fall
• Housing affordability jumps to its highest rate since March 2016. • Strength in home prices is offset by improvement in income & lower mortgage rates. The National Association of Realtors reported that its Fixed Rate Mortgage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2020
U.S. Import Prices Rise With Oil Costs in May
• Oil prices reverse part of April's decline. • Nonoil prices edge higher. • Export prices rise moderately. Import prices improved 1.0% during May (-6.0% y/y) after an unrevised 2.6% April decline. A 0.5% rise had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2020
U.S. Producer Price Strength Led by Food & Energy in May
• Price index increases for first time in four months • Prices less food & energy slip. • Core goods prices hold steady while services prices ease. With industrial sector activity under pressure, pricing power remains constrained. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2020
FOMC Holds Fed Funds Rate Near Zero & Updates Economic Projections
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. In the Fed's press release, it stated, "The coronavirus outbreak is causing tremendous human and economic hardship [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2020
U.S. Consumer Price Index & Core Prices Ease in May
• Pricing power is weighed down by economic weakness due to coronavirus shutdowns. • Food prices continue to strengthen. • Energy prices weaken further. The record decline in overall activity this quarter is weighing on pricing power. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2020
U.S. JOLTS: The Job Market Shuts Down in April
• Job openings fall sharply. • Hiring continued to disappear. • Layoffs remained elevated and quits fall. The Bureau of Labor Statistics reported that the total job openings rate eased to 3.7% during April from 3.8% in March and 4.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2020
U.S. Gasoline & Crude Oil Prices Continue to Strengthen
• Gasoline prices exhibit seasonal strength. • Crude oil prices continue to rise as production is curtailed. • Natural gas prices fall further due to oversupply. As more people took to the road with the spring weather, the price for a [...]
by:Tom Moeller
|in:Economy in Brief
The National Association for Business Economics expects 3.6% growth in real GDP during 2021. This follows a record recession in 2020, when GDP is expected to contract 5.9%. Quarterly growth is expected to average 4.8% next year after [...]
by:Tom Moeller
|in:Economy in Brief
The National Association for Business Economics expects 3.6% growth in real GDP during 2021. This follows a record recession this year, with GDP expected to contract 5.9%. The National Bureau of Economic Research has specified [...]
by:Tom Moeller
|in:Economy in Brief
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