The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) has been weakening since late-June when the index reached its peak. During the last month alone, it's down 1.9% and over [...]
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 14 2019FIBER: Industrial Commodity Prices Exhibit Broad-based Weakness
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2019
U.S. Home Affordability Declines
The National Association of Realtors reported that its Composite Index of Home Affordability declined 10.6% y/y during November to 144.0. The index was one-third below its peak in January 2013. Month-to-month, home affordability [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2019
U.S. CPI Eases As Expected; Core CPI Increases Steadily
Prices remained under control during 2018. The Consumer Price Index slipped 0.1% in December (+1.9% y/y) following stability in November. It was the first decline in nine months and it matched expectations in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2019
U.S. Initial Claims for Unemployment Insurance Reverse Prior Gains
Initial unemployment insurance claims declined to 216,000 (-13.6% y/y) during the week ended January 5 from 233,000 in the prior week, revised from 231,000. It was the lowest level of initial claims in four weeks. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2019
U.S. Mortgage Loan Applications Surge as Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index jumped 23.5% (-7.0% y/y) during the week ended January 4 following three consecutive weeks of decline. Applications to purchase a home jumped 16.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2019
U.S. Consumer Credit Usage Remains Strong
Consumers continue to expand their credit balances as employment increases. Consumer credit outstanding rose $22.16 billion during November following a $24.97 billion October gain, revised from $25.38 billion. Together, these two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2019
U.S. JOLTS: Job Openings and Hires Rates Slip
The Bureau of Labor Statistics reported that the total job openings rate eased to 4.4% during November, retracing its October gain to 4.5%. The job openings rate is the job openings level as a percent of total employment plus the job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2019
U.S. Small Business Optimism Eases Further
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index slipped to 104.4 during December, down for the fourth straight month. During all of 2018, optimism rose 1.7%, on average, after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2019
U.S. Gasoline Prices Continue to Decline
Gasoline prices fell to $2.24 per gallon this past week (-11.3% y/y) from $2.27 during the prior week. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally-adjusted gasoline price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2019
U.S. ISM Nonmanufacturing Activity Weakens
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 57.6 during December from 60.7 in November. It was the lowest level since July, down from a high of 61.6 in September. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2019
U.S. Employment and Earnings Strengthen in December
The labor market finished 2018 on a firm footing. Nonfarm payrolls increased 312,000 (1.8% y/y) during December after a 176,000 November rise, revised from 155,000. October's gain also was revised up to 274,000 from 237,000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2019
U.S. Employment and Earnings Strengthen in December
The labor market finished 2018 on a firm footing. Nonfarm payrolls increased 312,000 (1.8% y/y) during December after a 176,000 November rise, revised from 155,000. October's gain also was revised up to 274,000 from 237,000. The [...]
by:Tom Moeller
|in:Economy in Brief
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