Consumers were in a shopping mood last month. Total retail sales increased 0.8% (5.9% y/y) during May following a 0.4% April gain, revised from 0.3%. It was the strongest monthly increase since November. A 0.4% rise had been expected [...]
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| Jun 14 2018U.S. Retail Sales Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2018
U.S. Producer Prices Increase With Strengthening Energy Prices
The headline Final Demand Producer Price Index using new methodology jumped 0.5% (3.1% y/y) during May following an unrevised 0.1% uptick in April. A 0.3% increase had been expected in the Action Economics Forecast Survey. The PPI [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2018
FOMC Raises Fed Funds Target Range
At today's meeting of the Federal Open Market Committee, the federal funds rate target was increased to a range between 1.75% and 2.00%. The financial markets had expected today's action as indicated in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2018
U.S. Mortgage Loan Applications Ease; Interest Rates Remain High
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index fell 1.5% last week (-17.5% y/y), following a 4.1% increase during the prior week. The effective interest rate on a 15-year mortgage increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2018
U.S. Producer Prices Increase With Strengthening Energy Prices
The headline Final Demand Producer Price Index using new methodology jumped 0.5% (3.1% y/y) during May following an unrevised 0.1% uptick in April. A 0.3% increase had been expected in the Action Economics Forecast Survey. The PPI [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2018
U.S. CPI Increases Steadily M/M; Core Prices Pick Up
Consumer prices increased 0.2% (2.8% y/y) during May for the second straight month. The gain matched expectations in the Action Economics Forecast Survey. The CPI excluding food & energy rose an expected 0.2% (2.2% y/y) after a 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2018
U.S. Government Budget Deficit Continues to Increase Y/Y
The U.S. Treasury Department reported that the federal government ran a $146.8 billion budget deficit during May 2018. That compared to a $88.4 billion deficit during May 2017. A $119.5 billion had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2018
U.S. Small Businesses Optimism Strengthens Dramatically
The National Federation of Independent Business (NFIB) indicated that its Small Business Optimism Index increased to 107.8 during May following two months near 104.8. It was the strongest reading since the third quarter of 1983. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2018
U.S. CPI Increases Steadily M/M; Core Prices Pick Up
Consumer prices increased 0.2% (2.8% y/y) during May for the second straight month. The gain matched expectations in the Action Economics Forecast Survey. The CPI excluding food & energy rose an expected 0.2% (2.2% y/y) after a 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2018
FIBER: Industrial Commodity Prices Strengthen
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) improved 1.3% during the last four weeks and 12.9% during the last year. Industrial materials prices overall have risen [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2018
U.S. Wholesale Inventories Inch Higher; Sales Strengthen
Wholesale trade inventories increased 0.1% (5.8 y/y) during April following a 0.2% March gain, revised from 0.3%. The April rise matched the increase reported in the advance report released on May 30 and compared to no change expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2018
U.S. Wholesale Inventories Inch Higher; Sales Strengthen
Wholesale trade inventories increased 0.1% (5.8 y/y) during April following a 0.2% March gain, revised from 0.3%. The April rise matched the increase reported in the advance report released on May 30 and compared to no change expected [...]
by:Tom Moeller
|in:Economy in Brief
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