The Producer Price Index for final demand declined 0.6% (+1.3% y/y) during February following a 0.5% January rise. It was the largest m/m weakening since January 2015. A 0.1% decline had been expected in the Action Economics Forecast [...]
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| Mar 12 2020U.S. Producer Prices Fall Sharply; Core Prices Ease
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2020
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government ran a $235.34 billion budget deficit during February compared to a $233.98 billion deficit twelve months earlier. A $239.3 billion deficit had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2020
U.S. Mortgage Applications Surge as Interest Rates Decline
The Mortgage Bankers Association reported that its Mortgage Loan Application Index rose 55.4% (205.2% y/y) during the week ending March 6 after a 15.1% gain in the prior week. The jump occurred as refinancings rose 78.6% (479.2% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2020
U.S. Consumer Price Inflation Continues to Be Tame
The Consumer Price Index edged 0.1% (2.3% y/y) higher during February for the second consecutive month. These gains followed two months of 0.2% increase. Expectations in the Action Economics Forecast Survey were for no change in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2020
U.S. Small Business Optimism Improves Slightly
The National Federation of Independent Business (NFIB) indicated that its Small Business Optimism Index improved 0.2% (2.8% y/y) to 104.5 during February and added to its 1.6% January rise. The reading remained 4.0% below the high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2020
U.S. Energy Costs Drop Sharply
The price of West Texas Intermediate crude oil plummeted yesterday. It declined to $31.13 per barrel after falling last week to an average $45.58. The latest was the lowest level since February 2016. The price of Brent crude oil [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2020
FIBER: Industrial Commodity Prices Weaken Ahead of Oil Price Collapse
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 0.9% during the four weeks ended Friday and 6.8% over the last year. The price index fell to the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2020
U.S. Consumer Credit Usage Slows
Consumer credit outstanding increased $12.0 billion (4.4% y/y) during January following a $20.3 billion December gain, revised from $22.1 billion. A $17.0 billion increase had been expected by the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2020
U.S. Nonfarm Payrolls Show Unexpected Strength Ahead of Coronavirus Outbreak; Wages Improve & Unemployment Dips
The job market firmed in February. Nonfarm payroll employment increased 273,000 (1.6% y/y), repeating January's increase which was revised from 225,000. The December increase also was upwardly revised to 184,000 from 147,000. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2020
U.S. Nonfarm Payrolls Show Unexpected Strength Ahead of Coronavirus Outbreak; Wages Improve & Unemployment Dips
The job market firmed in February. Nonfarm payroll employment increased 273,000 (1.6% y/y), repeating January's increase which was revised from 225,000. The December increase also was upwardly revised to 184,000 from 147,000. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2020
U.S. Factory Orders, Shipments & Inventories Decline
Factory orders decreased 0.5% (-0.8% y/y) during January following a 1.9% December jump. This was the second monthly decline in the last three months. The Action Economics Forecast Survey expected a 0.1% slip. Durable goods orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2020
U.S. Productivity Growth Is Little Changed
Productivity in the nonfarm business sector during Q4'19 increased 1.2% (SAAR), close to expectations, after a little-changed 0.3% Q3 decline. The Q4 gain was revised from 1.4%. Earlier figures also were revised. The latest increase [...]
by:Tom Moeller
|in:Economy in Brief
- of1066Go to 169 page