Total retail sales rose 0.8% (4.6% y/y) during October following two months of 0.1% decline, revised from slight increases. A 0.5% rise had been expected in the Action Economics Forecast Survey. Excluding motor vehicles and parts, [...]
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| Nov 15 2018U.S. Retail Sales Increase Firmly
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2018
U.S. CPI Total and Core Strengthen
The Consumer Price Index rose 0.3% during October (2.5% y/y), the strongest increase in nine months. The increase matched expectations in the Action Economics Forecast Survey. The CPI, excluding food & energy, improved an expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2018
U.S. Gasoline & Heating Oil Prices Weaken
Gasoline prices declined last week to an average $2.69 per gallon (+3.6% y/y) from $2.75 during the prior week. Prices have fallen from an average high of $2.90 in the last five weeks. Haver Analytics constructs factors to adjust for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2018
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government ran a $100.5 billion budget deficit during October, the first month of the new fiscal year. The deficit compared to a shortfall of $63.2 billion during October 2017. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2018
U.S. Small Business Optimism Eases Again
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index slipped to 107.4 during October, down for the second straight month and from August's record high of 108.8. The index level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2018
FIBER: Industrial Commodity Price Index Declines Again
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 3.8% during the last four weeks. The price decline has totaled 13.1% since the peak during the middle of June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2018
Wholesale Inventories and Sales Increase Modestly
Wholesale inventories increased 0.4% (5.2% y/y) during September following a 0.9% August rise, revised from 1.0%. The September gain compared to a 0.3% rise expected in the Informa Global Markets Survey and a 0.4% increase reported in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2018
U.S. Producer Prices Exhibit Broad-based Strength
The headline Final Demand Producer Price Index using new methodology increased 0.6% during October (2.9% y/y) following a 0.2% September gain. It was the largest increase since September 2012. A 0.3% rise had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2018
FOMC Holds Interest Rates Steady
The Federal Open Market Committee voted unanimously at today's meeting to maintain the federal funds rate target in a range between 2.00% and 2.25%. The action was expected in the Action Economics Forecast Survey. The Fed indicated [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2018
U.S. Initial Unemployment Claims Ease
Initial claims for unemployment insurance slipped to 214,000 (-11.6% y/y) during the week ended November 3 from 215,000 in the previous week, revised from 214,000. It was the lowest level in 45 years. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2018
U.S. Consumer Credit Usage Eases
Consumer credit outstanding increased $10.93 billion (4.8% y/y) during September following a $22.88 billion August increase, revised from $20.07 billion. A $16.5 billion gain had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2018
U.S. Mortgage Loan Applications Fall to Four-Year Low; Interest Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Index declined 4.0% (-16.4% y/y) last week to the lowest level since December 2014. The decline followed a 2.5% shortfall in the prior week. Purchase loan [...]
by:Tom Moeller
|in:Economy in Brief
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