Total retail sales improved 0.1% (4.7% y/y) during September following an unrevised 0.1% August gain. A 0.6% increase had been expected in the Action Economics Forecast Survey. Excluding motor vehicles and parts, retail sales eased [...]
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| Oct 15 2018U.S. Retail Sales Post Disappointing Increase
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 12 2018
U.S. Home Affordability Improves M/M
The National Association of Realtors reported that its Composite Index of Home Affordability declined 8.3% y/y during August to 141.2. The index was 34.4% below its peak in January 2013. Month-to-month, home affordability rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 12 2018
U.S. Import Prices Rise With Higher Fuel Costs; Export Prices Steady
Import prices increased 0.5% (3.5% y/y) during September following a 0.4% August decline, revised from -0.6%. A 0.2% rise had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. Strength [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 11 2018
U.S. Mortgage Loan Applications Decline As Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 1.7% (-14.4% y/y) in the week ending October 5 following no change during the prior week. Purchase loan applications declined 1.1% (+2.1% y/y), [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 11 2018
U.S. CPI & Core CPI Edge Higher
Consumer price inflation remained subdued last month due to broad-based weakness. The CPI rose 0.1% (2.3% y/y) during September following two straight 0.2% gains. The increase fell short of expectations for a 0.2% gain in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2018
U.S. Producer Prices Decline Unexpectedly
The headline Final Demand Producer Price Index using new methodology eased 0.1% during August (+2.8% y/y) after holding steady in July. It was the first decline since February 2017. A 0.2% increase had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2018
Wholesale Inventories and Sales Strengthen
Wholesale inventories jumped 1.0% during August (5.1% y/y) following an unrevised 0.6% July increase. The August gain compared to 0.8% expected in the Informa Global Markets Survey. The rise compared to the 0.7% increase reported in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2018
U.S. Producer Prices Rebound; Core Prices Similarly Increase
The headline Final Demand Producer Price Index using new methodology gained an expected 0.2% during September (2.6% y/y) following a 0.1% August dip. The PPI excluding food & energy also rose an expected 0.2% last month (2.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2018
U.S. Energy Product Prices Strengthen
Gasoline prices increased to $2.90 per gallon last week (15.9% y/y), up three cents from 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| Oct 09 2018
U.S. Small Business Optimism Backpedals
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index fell to 107.9 during September after reaching a record high of 108.8 in August. The index level remained 4.8% higher than it was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2018
U.S. Consumer Credit Usage Intensifies
Consumer credit outstanding increased $20.07 billion (4.7% y/y) during August after a $16.60 billion July rise, revised from $16.65 billion. It was the strongest gain in three months. A $15.0 billion gain had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2018
U.S. Nonfarm Payrolls Rise Modestly But Jobless Rate Falls; Earnings Growth Is Steady
The labor market remains on a firm footing. Nonfarm payrolls increased 134,000 (1.7% y/y) during September, though it was the weakest increase in twelve months. The August rise, however, was revised to 270,000 from 201,000, and the [...]
by:Tom Moeller
|in:Economy in Brief
- of1072Go to 233 page