Improvement in consumer spending continues to underscore the economic expansion. Total retail sales increased 0.4% (3.4% y/y) during June following a 0.4% May gain, revised from a 0.5%. April's increase was revised also to 0.4% from [...]
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| Jul 16 2019U.S. Retail Sales Exhibit Unexpected Strength
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2019
U.S. Energy Product Prices Strengthen
The pump price for a gallon of gasoline in the U.S. increased to $2.78 per gallon (-3.0% y/y) from $2.74 in the previous week. It was the highest price since early-June. Haver Analytics adjusts for the seasonal variation in gasoline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2019
Empire State Manufacturing Index Improves; Hiring Weakens
The Empire State Manufacturing Index of General Business Conditions rose to 4.3 during July after deteriorating sharply in June to -8.6, the first negative index level since October 2016. The Action Economics Forecast Survey expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2019
U.S. Producer Prices Rise Minimally; Energy Prices Decline
The Producer Price Index for final demand rose 0.1% during June (1.7% y/y) for the second straight month. The rise matched expectations in the Action Economics Forecast Survey. Producer prices excluding food & energy increased 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2019
U.S. Home Affordability Declines With Higher Prices
The National Association of Realtors reported that its Mortgage Fixed Rate Index of Home Affordability declined 1.4% during May (+5.6% y/y). Affordability stood 29.5% below the peak level during January 2013. The fixed rate mortgage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2019
U.S. Producer Prices Rise Minimally; Energy Prices Decline
The Producer Price Index for final demand rose 0.1% during June (1.7% y/y) for the second straight month. The rise matched expectations in the Action Economics Forecast Survey. Producer prices excluding food & energy increased 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2019
U.S. Government Budget Deficit Deepens YTD
The U.S. Treasury Department reported that the federal government ran an $8.5 billion budget deficit during June compared to a $74.9 billion deficit one year earlier. A $6.4 billion deficit had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 11 2019
U.S. CPI Increases Minimally; Core Price Index Strengthens
Overall retail pricing power remained muted last month, but strength emerged in core prices. The Consumer Price Index edged 0.1% higher (1.6% y/y) during June, the same as it did in May. These remained the smallest increases since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2019
U.S. Wholesale Inventories Increase as Sales Edge Higher
Wholesale inventories increased 0.4% (7.7% y/y) during May following an unrevised 0.8% April gain. A 0.4% rise was expected in the Informa Global Markets Survey. Durable goods inventories increased 0.3% (10.8% y/y) in May after a 0.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2019
U.S. Mortgage Loan Applications Fall as Interest Rates Stabilize
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 2.4% (+34.2% y/y) during the week ending July 5 after the prior week's 0.1% dip. The decline reflected a 6.5% drop (+87.8% y/y) in applications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2019
TT
U.S. retail gasoline prices increased for the first time in eight weeks, rising to $2.71 (-4.6% y/y) per gallon during the week ended July 1.............. These data are reported by the U.S. Department of Energy. The price data can be [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2019
U.S. JOLTS: Job Openings Rate Dips; Hiring Weakens
The Bureau of Labor Statistics reported that the total job openings rate eased to 4.6% during May from an unrevised 4.7% in April. It was unchanged from twelve months earlier. The job openings rate is the job openings level as a [...]
by:Tom Moeller
|in:Economy in Brief
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