Retail gasoline prices inched up to $2.58 per gallon (15.2% y/y) last week from $2.57 per gallon in the previous week. Last week's price roughly equaled last year's average. Typically, gasoline prices weaken this time of year and [...]
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 07 2020U.S. Energy Product Prices Edge Higher
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 06 2020
FIBER: Industrial Commodity Prices Improve Further
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.6% during the four weeks ended Friday and 3.6% over the last three months. The price index increased 1.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2020
U.S. Light Vehicle Sales Slip in December and for all of 2019
The Autodata Corporation reported that December sales of light vehicles fell 1.9% from November (-3.3% y/y) to 16.87 million units (SAAR). Earlier figures were revised. For the full year 2019 sales of 17.00 million units compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2020
ISM Manufacturing Composite Index Weakens Again But Pricing Improves
Activity in the factory remains constrained. The ISM Manufacturing Diffusion Index for December fell to 47.2 after easing to 48.1 in November. It was the fifth consecutive reading below 50, indicating a contraction in activity. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2019
U.S. Personal Spending & Income Gains Improve
Personal consumption expenditures rose 0.4% (3.9% y/y) during November after an unrevised 0.3% October gain. The increase compared to a 0.4% rise expected in the Action Economics Forecast Survey. In constant dollars, spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2019
U.S. GDP Growth Is Unchanged but Corporate Profits Are Weakened
Estimated real growth in the economy during Q3'19 was unrevised in the third estimate at 2.1% (2.1% y/y) and remained better than the advance estimate of 1.9%. The figure was as expected in the Action Economics Forecast Survey. Growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2019
U.S. Leading Economic Indicators Index Holds Steady
The Conference Board's Composite Index of Leading Economic Indicators remained unchanged (+0.1% y/y) during November. This came after October's 0.2% decline, revised from -0.1%, and an unrevised 0.2% shortfall in September. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2019
U.S. Existing Home Sales Weaken as Availability Declines
The National Association of Realtors (NAR) reported that sales of existing homes during November fell 1.7% (+2.7% y/y) to 5.350 million (SAAR) after rising to 5.440 million in October, revised from 5.460 million. It was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 0.3 during December following November's improvement to 10.4. It was the weakest reading in six months and still [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2019
FIBER: Industrial Commodity Prices Rise Slightly
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 0.9% during the four weeks ended Friday and 0.8% over the last three months. The price index was down a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2019
U.S. Mortgage Applications Decline; Interest Rates Rise Slightly
The Mortgage Bankers Association reported that its Mortgage Loan Index declined 5.0% (+55.0% y/y) in the week ending December 13 after increasing 3.8% in the previous week. Applications to refinance a loan fell 6.5% (+135.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2019
U.S. JOLTS: Job Openings Edge Higher; Hiring Weakens
The Bureau of Labor Statistics reported that the total job openings rate rose to 4.6% during October from an unrevised 4.4% in September. It remained, nevertheless, below the 4.8% record in January. The job openings rate is the job [...]
by:Tom Moeller
|in:Economy in Brief
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