The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index fell to 22.3 during March and reversed February's rise. Expectations had been for a reading of 23.0 in the Action Economics Forecast [...]
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| Mar 15 2018Philadelphia Fed Factory Conditions Declines; Prices Ease
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2018
U.S. Home Builder Index Slips
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo eased to 70 during March from 71 in February, revised from 72. It was the lowest figure since November. The reading compared to expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2018
U.S. Import & Export Prices Increase
Import prices rose 0.4% (3.5% y/y) during February following a 0.8% January gain, revised from 1.0%. A 0.3% rise had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted Petroleum import [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2018
U.S. Unemployment Insurance Claims Slip
Initial claims for unemployment insurance claims fell to 226,000 during the week ended March 10 from 230,000 in the prior week, revised from 231,000. Claims remain near the lowest level since December 1969. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2018
U.S. Business Inventories Steadily Accumulate; Sales Ease
Total business inventories increased 0.6% (3.7% y/y) during January, the same as in December, revised from 0.4%. Total business sales fell 0.2% (+5.7% y/y), the first decline since last March. The changes in inventories and sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2018
U.S. Retail Sales Decline for Third Consecutive Month
Total retail sales slipped 0.1% (+4.0% y/y) during February, following two months of similar decline. January's result was revised from -0.3% reported initially. A 0.4% increase had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2018
U.S. Gasoline Prices Steady; Crude Oil Costs Ease
Retail gasoline prices of $2.56 per gallon last week (10.2% y/y) were little-changed versus the prior three weeks, up from the early-2016 lows near $1.76 per gallon. Prices have moved roughly sideways since September. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2018
U.S. Small Businesses Optimism Improves While Prices Increase
The National Federation of Independent Business indicated that its Small Business Optimism Index for February increased 0.7% to 107.6 (2.2% y/y) following a 1.9% January rise. The level of optimism was the highest since 1983. A higher [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2018
U.S. CPI Total & Core Increases Ease
Price inflation for both goods & services moderated last month. The Consumer Price Index gained 0.2% (2.2% y/y) in February following a 0.5% January rise. The index excluding food and energy prices increased 0.2% (1.8% y/y) after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 12 2018
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government ran a $215.2 billion budget deficit during February 2018. A deficit of $216.0 billion had been expected in the Action Economics Forecast Survey. During the first five [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2018
U.S. Wholesale Inventories Rise as Sales Decline
Wholesale trade inventories increased 0.8% during January (5.0% y/y) following a 0.7% December gain, revised from 0.4%. In the advance report issued on February 27, wholesale inventories were reported up 1.0% m/m in January. Durable [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2018
U.S. Payroll Increase Strengthens; Wage Growth Eases
The job market continues to improve. Nonfarm payrolls rose 313,000 (1.6% y/y) during February, the strongest monthly increase since July 2016. It followed a 239,000 January gain and a 175,000 December rise. Together these two figures [...]
by:Tom Moeller
|in:Economy in Brief
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