• Commodity prices weaken broadly. • Declines most pronounced in petroleum & oil products group. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 9.9% during [...]
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 13 2020FIBER: Industrial Commodity Prices Decline as the Factory Sector Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2020
FIBER: Industrial Commodity Prices Decline as the Factory Sector Weakens
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 9.9% during the last four weeks and 19.2% over the last year. The price index fell to the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2020
U.S. Government Budget Deficit Grows in the First Half of FY 2020
The U.S. Treasury Department reported that for the first six months of FY 2020, the federal government budget deficit rose to $743.59 billion, up 7.6% y/y. During March alone, the federal government ran a $119.13 billion budget [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2020
U.S. Consumer Price Index Declines and Core Prices Slip
The CPI fell during March by the largest amount since January 2015. Consumer prices were off 0.4% (+1.5% y/y) following two consecutive 0.1% increases. Expectations had been for a 0.3% decline in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2020
U.S. Government Budget Deficit Grows in the First Half of FY 2020
The U.S. Treasury Department reported that for the first six months of FY 2020, the federal government budget deficit rose to $743.59 billion, up 7.6% y/y. During March alone, the federal government ran a $119.12 billion budget [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2020
Wholesale Inventories and Sales Decline Ahead of the Coronavirus
Wholesale inventories fell 0.7% (-1.3% y/y) during February following a 0.6% decline in January, revised from -0.4%. The advance report issued on March 26 indicated a 2.2% inventory decline for February. A 0.5% fall had been expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2020
U.S. Producer Prices Weaken as Energy Prices Decline
Weakness in industrial sector activity is translating into reduced pricing power. The Producer Price Index for final demand eased 0.2% (+0.7% y/y) during March following a 0.6% February fall. A 0.3% decline had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2020
U.S. Producer Prices Weaken as Energy Prices Decline
Weakness in industrial sector activity is translating into reduced pricing power. The Producer Price Index for final demand eased 0.2% (+0.7% y/y) during March following a 0.6% February fall. A 0.3% decline had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2020
U.S. Mortgage Applications Slide; Interest Rates Are Mixed
The Mortgage Bankers Association reported that its Mortgage Loan Application Index declined 17.9% (+51.0% y/y) in the week ended April 4 and reversed the prior week's 15.3% gain. Purchase applications dropped 12.2% w/w and by one- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2020
U.S. Mortgage Applications Slide; Interest Rates Are Mixed
The Mortgage Bankers Association reported that it's Mortgage Loan Application Index declined 17.9% (+51.0% y/y) in the week ended April 4 and reversed the prior week's 15.3% gain. Purchase applications dropped 12.2% w/w and by one- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2020
U.S. Consumer Credit Usage Ramps Up in February, Pre-Coronavirus
Consumer credit outstanding increased $22.3 billion (4.5% y/y) during February following an unrevised $12.0 billion January gain. It was the strongest monthly increase since July. A $14.0 billion gain had been expected by the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2020
U.S. Crude Oil Prices Increase While Gasoline & Natural Gas Costs Decline
The price of West Texas Intermediate crude oil at $26.08 per barrel yesterday improved versus an average $21.72 last week. The price was roughly two-thirds lower y/y. The price of Brent crude oil rose to $33.08 per barrel yesterday [...]
by:Tom Moeller
|in:Economy in Brief
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