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 [...]
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 10 2020U.S. Energy Costs Drop Sharply
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
- Global| Mar 04 2020
U.S. ISM Nonmanufacturing Index Strengthens to 12-Month High
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased to 57.3 during February from 55.5 in January. It was the highest level since February 2019. A reading of 55.0 had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2020
U.S. ADP Private Payrolls Increase Moderately Again
• The labor market remains firm. • Employment at large companies strengthened last month. The ADP National Employment Report indicated that private nonfarm payrolls improved 183,000 (1.5% y/y) during February following a 209,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
U.S. Light Vehicle Sales Hold Steady in February
The Autodata Corporation reported that sales of light vehicles during February eased 0.2% (+2.0% y/y) to 17.04 million (SAAR) from 17.07 million in January, revised from 17.05 million. During the last three months, sales averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
FOMC Lowers Fed Funds Rate; Cites Coronavirus Concerns
The Federal Reserve lowered the target for the Fed Funds rate by 50 basis points to a range of 1.00% to 1.25%. In the Fed's press release, it indicated that "the coronavirus poses evolving risks to economic activity." "The Committee [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
U.S. Petroleum Prices Decline
Retail gasoline prices fell to $2.42 per gallon (0.0% y/y) in the week ended March 1 versus $2.47 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics adjusts prices for [...]
by:Tom Moeller
|in:Economy in Brief
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