Retail gasoline prices fell to $2.54 per gallon (+12.7% y/y) in the week ended January 20 from $2.57 per gallon in the previous week. Haver Analytics adjusts prices for seasonal variation. The seasonally adjusted gasoline price eased [...]
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| Jan 22 2020U.S. Energy Prices Decline Again
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 21 2020
Philadelphia Fed Nonmanufacturing Business Activity Recovers
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current general activity at the company level rebounded to 23.5 during January after declining to 9.1 in December. The index of expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2020
FIBER: Industrial Commodity Prices Rise Further
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 1.2% during the four weeks ended Friday and 3.8% over the last three months. The price index increased 1.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2020
U.S. Housing Starts Surge to 13-Year High
Fueled by low interest rates and a strong job market, new home building strengthened during December. Housing starts jumped 16.9% (40.8% y/y) to 1.608 million (AR) from November's 1.375 million...... The housing starts and permits [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2020
U.S. JOLTS: Job Openings Decline as Hiring Turns Tepid
The Bureau of Labor Statistics reported that the total job openings rate declined to 4.3% during November from an unrevised 4.6% in October. It remained below the 4.8% record high in January. The job openings rate is the job openings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2020
U.S. Housing Starts Surge to 13-Year High
Fueled by low interest rates and a strong job market, new home building strengthened during December. Housing starts jumped 16.9% (40.8% y/y) to 1.608 million (AR) from November's 1.375 million, revised from 1.365 million. It was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2020
U.S. Home Builder Sentiment Eases
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo slipped during January. The index level of 75 compared to 76 in December but remained up 29.3% y/y. It was nearly the highest level for the [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index surged to 17.0 during January, the highest level since May of last year. An index of 3.0 had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2020
U.S. Retail Sales Increase Steadily
Total retail sales including food service establishments increased 0.3% (5.8% y/y) during December following a 0.3% November gain, revised from 0.2%. The increase matched expectations in the Action Economics Forecast Survey. Retail [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2020
Empire State Manufacturing Activity Index Moves Modestly Higher; Prices Strengthen
The Empire State Manufacturing Index of General Business Conditions rose slightly to 4.8 in January from 3.3 in December. The index has been fairly steady since June. A reading of 3.3 had been expected by the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2020
U.S. Producer Price Index & Core Prices Edge Higher
The Producer Price Index for final demand rose 0.1% during December (1.3% y/y) after having been unchanged in November. A 0.2% gain had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2020
U.S. Small Business Optimism Weakens
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index declined 1.9% (-1.6% y/y) to 102.7 during December and mostly reversed its November rise. The reading was 5.6% below the high in [...]
by:Tom Moeller
|in:Economy in Brief
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