The Empire State Manufacturing Index of General Business Conditions in January declined to 17.7 following a revised drop to 19.6 during December. Earlier figures also were revised. The latest level was the lowest in six months, but [...]
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| Jan 16 2018Empire State Factory Sector Index Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2018
OLD TT --U.S. CPI Moderates Overall; Core Inflation Picks Up
The Consumer Price Index ticked 0.1% higher (2.1% y/y) during December, moderating from a 0.4% November rise. Prices excluding food & energy accelerated, however, posting a 0.3% rise (1.8% y/y ). That's the strongest increase since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2018
U.S. Business Inventories Increase as Sales Strengthen
Total business inventories increased 0.4% in November (3.2% y/y) following no change during the prior two months. Total business sales jumped 1.2% (7.9% y/y), the fourth consecutive month of strong gains. The moderate rise in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2018
U.S. CPI Moderates Overall; Core Inflation Picks Up
The Consumer Price Index ticked 0.1% higher (2.1% y/y) during December, moderating from a 0.4% November rise. Prices excluding food & energy accelerated, however, posting a 0.3% rise (1.8% y/y ). That's the strongest increase since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2018
U.S. Government Budget Deficit Narrows
The U.S. Treasury Department reported that the federal government ran a $23.2 billion budget deficit during December 2017 compared to a $27.3 billion deficit in December 2016. A deficit of $50.2 billion had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2018
U.S. Producer Pricing Power Recedes M/M, But Strengthens Y/Y
The headline Final Demand Producer Price Index using new methodology eased 0.1% during December following a 0.4% November increase. It was the first monthly decline since August 2016. The y/y rise nevertheless remained firm at 2.6%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2018
U.S. Initial Claims for Unemployment Insurance Rise Unexpectedly
Initial unemployment insurance applications increased to 261,000 (0.4% y/y) during the week ended January 6 following an unrevised 250,000 claimant level in the week prior. Expectations had been for a decline to 245,000 claims in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2018
U.S. Mortgage Loan Applications Surge
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index strengthened 8.3% last week (2.9% y/y) following declines during the prior four weeks. Purchase loan applications rose 5.0% (0.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2018
U.S. Wholesale Inventories and Sales Rise
Wholesale inventories increased 0.8% (3.9% y/y) during November following a 0.4% October decline, revised from -0.5%. In the advance report issued on December 28, wholesale inventories were reported up 0.7% m/m in November. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2018
U.S. Import and Export Prices Are Little Changed
Import prices overall ticked 0.1% higher during December following a 0.8% November increase, revised from 0.7%. From December of 2016 to December of 2017, prices increased 3.0%. A 0.4% gain had been expected during last month in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2018
U.S. Gasoline Prices Hold Steady; Crude Oil Prices Strengthen
Retail gasoline prices were unchanged at $2.52 per gallon (5.6% y/y) last week at the highest level since late November. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The price edged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2018
U.S. JOLTS: Job Openings and Hiring Rates Erode
The Bureau of Labor Statistics reported that the total job openings rate in November fell to 3.8%, its lowest level in six months. The hiring rate also fell slightly to 3.7% from the expansion high of 3.8%. These figures are from the [...]
by:Tom Moeller
|in:Economy in Brief
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