The Consumer Price Index increased 0.3% (2.1% y/y) during November after a 0.4% October rise. A 0.2% gain had been expected in the Action Economics Forecast Survey. The CPI excluding food & energy rose an expected 0.2% (2.3% y/y), the [...]
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| Dec 11 2019U.S. CPI Increase Led by Higher Energy Prices; Core Prices Rise Steadily
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2019
U.S. Productivity Weakness Revised Little; Unit Labor Costs Still Firm
Productivity growth in the nonfarm business sector last quarter was revised to -0.2% at an annual rate (+1.5%) y/y from -0.3%, following a 2.5% Q2 rise. It was the first decline in productivity since Q4'15. Expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2019
U.S. Small Business Optimism Strengthens
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index rose 2.2% (-0.1% y/y) to 104.7 during November. It was the highest level since July. Despite the increase, the reading remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2019
NABE Projections for Moderate Growth and Inflation Are Little Revised
The National Association for Business Economics expectations of 1.8% growth in real GDP during 2020 and 2.3% in 2019 were unchanged from the forecast published early in October. These growth rates are below the 2.9% gain in 2018. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2019
U.S. Consumer Credit Usage Accelerates
Consumer Credit Outstanding increased $18.90 billion (4.8% y/y during October following a $9.60 billion September gain, revised from $9.52 billion. It was the strongest rise in three months. A $15.8 billion increase had been expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2019
U.S. Nonfarm Payroll Growth Rebounds; Wages Firm & Jobless Rate Eases
The labor market firmed during November. Nonfarm payroll employment increased 266,000 (1.5% y/y) after rising 156,000 in October, revised from 128,000. September employment rose 193,000, revised from 180,000. A 184,000 November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2019
U.S. Nonfarm Payroll Growth Rebounds; Wages Firm & Jobless Rate Eases
The labor market firmed during November. Nonfarm payroll employment increased 266,000 (1.5% y/y) after rising 156,000 in October, revised from 128,000. September employment rose 193,000, revised from 180,000. A 184,000 November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2019
U.S. Factory Sector Orders Increase; Inventory Growth Decelerates
Factory orders improved 0.3% (-1.2% y/y) during October following a 0.8% September decline, revised from 0.6%. The increase matched expectations in the Action Economics Forecast Survey. Orders for durable goods rose 0.5% (-0.9% y/y), [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2019
U.S. Trade Deficit Shrinks as Imports Fall Sharply
The U.S. trade deficit in goods and services declined to $47.20 billion during October from $51.10 billion in September, revised from $52.45 billion. It was the smallest deficit since May 2018. A $48.7 billion deficit had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2019
U.S. ISM Nonmanufacturing Index Weakens
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 53.9 during November from 54.7 in October. The figure compared to the high of 60.8 in September 2018. A reading of 54.5 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2019
U.S. ADP Private Payroll Increase Disappoints
The ADP National Employment Report indicated that private nonfarm payrolls rose 67,000 (1.5% y/y) during November following a 121,000 October increase, revised from 125,000. The gain fell below expectations for a 140,000 rise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2019
U.S. Light Vehicle Sales Bounce Back
The Autodata Corporation reported that sales of light vehicles during November rose 3.7% (-1.3% y/y) to 17.20 million units (SAAR) and reversed most of the prior month's decline to 16.58 million. During the first eleven months of [...]
by:Tom Moeller
|in:Economy in Brief
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