Total retail sales including food service establishments increased 0.3% (4.4% y/y) during January following a 0.2% December gain, revised from 0.3%. The increase matched expectations in the Action Economics Forecast Survey. Retail [...]
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| Feb 14 2020U.S. Retail Sales Rise Steadily
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 13 2020
U.S. Consumer Price Inflation Remains Modest
The Consumer Price Index edged up minimally during January. The 0.1% uptick followed two months of 0.2% increase. A 0.2% rise had been expected in the Action Economics Forecast Survey. Despite the weak yearend showing, the 2.5% y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 12 2020
U.S. Government Budget Balance Deteriorates
The Congressional Budget Office projects that the U.S. government will run a deficit between 4.6% to 5.4% of GDP for the next ten years. The current budget picture already has worsened. The U.S. Treasury Department reported that the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 12 2020
U.S. Mortgage Applications for Loan Refinance Increase
The Mortgage Bankers Association reported that its Mortgage Loan Index increased 1.1% during the week of February 7 following two weeks of strong gain. Applications to refinance a loan strengthened 5.0% (206.5% y/y) and added to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2020
U.S. JOLTS: Job Openings Decline Sharply But Hiring Improves
The Bureau of Labor Statistics reported that the total job openings rate declined to 4.0% during December from an unrevised 4.3% in November. It was the lowest openings rate in two years and remained below the 4.8% record high in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2020
U.S. Small Business Optimism Rebounds
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index improved 1.6% (3.1% y/y) to 104.3 during January and reversed its December decline. The reading remained 4.1% below the high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2020
U.S. Energy Product Prices Remain Under Downward Pressure
Retail gasoline prices fell to $2.42 per gallon (+6.3% y/y) in the week ended February 10 from $2.46 per gallon in the previous week. This was the fifth consecutive weekly decline and compared to an early-May peak of $2.90 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2020
FIBER: Industrial Commodity Prices Reverse Earlier Improvement
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 2.0% during the four weeks ended Friday and 4.0% over the last year. The price index had been increasing as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2020
FIBER: Industrial Commodity Prices Reverse Earlier Improvement
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 2.0% during the four weeks ended Friday and 4.0% over the last year. The price index had been increasing as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2020
FIBER: Industrial Commodity Prices Reverse Earlier Improvement
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 2.0% during the four weeks ended Friday and 4.0% over the last year. The price index had been increasing as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2020
U.S. Nonfarm Payrolls & Wages Improve; Unemployment Edges Higher
The labor market strengthened as the new year began. Nonfarm payroll employment during January increased 225,000 (1.5% y/y) after rising 147,000 in December, revised from 145,000. November employment rose 261,000, revised from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2020
U.S. Nonfarm Payrolls & Wages Improve; Unemployment Edges Higher
The labor market strengthened as the new year began. Nonfarm payroll employment during January increased 225,000 (1.5% y/y) after rising 147,000 in December, revised from 145,000. November employment rose 261,000, revised from [...]
by:Tom Moeller
|in:Economy in Brief
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