Retail gasoline prices declined by three cents last week to $2.87 per gallon (-0.2% y/y) after rising slightly during the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. 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| May 14 2019U.S. Energy Product Prices Slip
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2019
U.S. Government Budget Surplus Shrinks in April
The U.S. Treasury Department reported that the federal government ran a $160.3 billion surplus during April compared to a $214.3 billion surplus one year earlier. A $165.0 billion surplus had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2019
U.S. Home Affordability Declines As Prices Rise
The National Association of Realtors reported that its Composite Index of Home Affordability declined 2.5% during March (+0.1% y/y). Affordability stood 29.0% below the peak level during January 2013. Together, principal & interest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2019
CPI Again Lifted by Higher Energy Prices; Core Prices Rise Negligibly
The Consumer Price Index increased 0.3% (2.0% y/y) during April following a 0.4% March gain. A 0.4% rise had been expected in the Action Economics Forecast Survey. The CPI excluding food & energy improved 0.1% (2.1% y/y) for the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2019
U.S. Wholesale Inventories Ease While Sales Strengthen
Wholesale inventories slipped 0.1% (+6.7% y/y) during March following a 0.4% gain in February. The Informa Global Markets Survey expected no change. Durable goods inventories increased 0.3% (10.0% y/y) after a 0.2% gain. Machinery [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2019
U.S. Producer Price Increase Moderates; Core Prices Are Tame
The Producer Price Index for final demand increased 0.2% during April (2.2% y/y) following a 0.6% March surge. The gain matched expectations in the Action Economics Forecast Survey. Producer prices excluding food & energy edged 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2019
U.S. Mortgage Loan Applications Rise as Financing Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Index gained 2.7% (8.0% y/y) during the week ending May 3. It was the first increase in five weeks. Applications to purchase a home rose 4.2% (4.9% y/y), [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2019
U.S. Consumer Credit Usage Weakens
Consumer credit outstanding increased $10.27 billion (5.0% y/y) during March, less than the $15.47 billion February addition, revised from $15.18 billion. It was the smallest rise in nine months and lessened three-month growth to 4.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2019
U.S. JOLTS: Job Openings Increase While Hiring Stabilizes
The Bureau of Labor Statistics reported that the total job openings rate rebounded to 4.7% during March after declining sharply to 4.5% in February. The job openings rate is the job openings level as a percent of total employment plus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2019
U.S. Gasoline Prices Rise While Crude Oil Costs Ease
Retail gasoline prices improved by one penny last week to $2.90 per gallon (1.8% y/y) after rising five cents during the prior week. It was the highest level since early-October and roughly matched the 2018 high. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2019
FIBER: Industrial Commodity Prices Weaken
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) fell 1.3% during the last four weeks and was 11.6% below the prior year's level. Declines y/y were notable for metals [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2019
U.S. Payroll Gains Are Unexpectedly Strong; Jobless Rate Falls to 1969 Low
The labor market remained robust during April. Nonfarm payrolls increased 263,000 (1.8% y/y) following a 189,000 March gain, revised from 196,000. February's rise was revised higher to 56,000. The April increase exceeded expectations [...]
by:Tom Moeller
|in:Economy in Brief
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