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 [...]
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 13 2018U.S. Gasoline Prices Steady; Crude Oil Costs Ease
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
- 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
- Global| Mar 08 2018
U.S. Mortgage Loan Applications and Interest Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index gained 0.3% last week (-5.3% y/y) following a 2.7% increase during the prior week. Purchase loan applications slipped 0.5% (+1.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 08 2018
U.S. Initial Claims for Unemployment Insurance Rise from 48-Year Low
Initial unemployment insurance claims increased to 231,000 (-7.2% y/y) during the week ended March 3. Claims during the prior week were unrevised at 210,000, the lowest level since December 1969. Expectations in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2018
U.S. Consumer Credit Usage Slackens
Consumer credit outstanding increased $13.89 billion (5.3% y/y) during January following a $19.21 billion December rise, revised from $18.44 billion. It was the weakest monthly increase since September. An $18.0 billion rise had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2018
U.S. Productivity Steadies; Unit Labor Costs Rise
Output per hour in the nonfarm business sector remained stable (revised from -0.1%) during Q4'17 following a 2.6% Q3 rise. A 0.1% slip had been expected in the Action Economics Forecast Survey. Output rose at a 3.2% rate (3.2% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2018
U.S. ADP Private Payroll Growth Remains Solid
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 235,000 during February following a 244,000 January gain, revised from 234,000. A 200,000 rise had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
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