The headline Final Demand Producer Price Index eased 0.1% during March after a 0.3% February rise. Nevertheless, the y/y increase of 2.2% was the strongest since March 2012. The monthly decline compared to expectations for no change [...]
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| Apr 13 2017U.S. Producer Prices Slip; Core Unchanged
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2017
U.S. Budget Deficit Increases in March; Runs Deeper In First-Half FY'17
The U.S. Treasury Department reported that during March, the federal government ran a $176.2 billion budget deficit compared to a $108.0 billion deficit in March 2016. A $150.0 billion deficit had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2017
U.S. Mortgage Loan Applications Rebound
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 1.5% last week (-22.5% y/y) and reversed the prior week's decline. Refinancing applications remained steady (-40.0% y/y) following a 4.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2017
U.S. Import Prices Ease With Lower Oil Costs
Import prices declined 0.2% (+4.2% y/y) during March following a 0.4% February increase, revised from 0.2%. A 0.3% fall had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. Petroleum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2017
U.S. Energy Product Prices Increase Further
Regular gasoline prices increased to $2.42 per gallon last week (17.2% y/y), up versus $2.18 per gallon during November 2016. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2017
U.S. JOLTS: Job Openings Rise, but Hiring Dips
The Bureau of Labor Statistics reported that the total job openings rate of 3.8% during February increased m/m, but remained below July's peak of 4.0%. The private-sector job openings rate improved to 4.1% versus 4.0% during all of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2017
U.S. Small Business Optimism Diminishes Slightly
The National Federation of Independent Business reported that its Small Business Optimism Index fell to 104.7 during March from 105.3 in February, but remained up versus 92.6 in March 2016. Forty-six percent of firms reported they [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2017
U.S. Labor Market Conditions Index Weakens
The Labor Market Conditions Index (LMCI) from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2017
U.S. Consumer Credit Usage Accelerates
Consumer credit outstanding strengthened $15.2 billion during February following a $10.7 billion January increase, revised from $8.8 billion. A $15.0 billion increase had been expected in the Action Economics Forecast Survey. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2017
U.S. Payroll Growth Is Disappointing, But Unemployment Rate Declines
The labor market softened this winter. Nonfarm payrolls rose 98,000 (1.6% y/y) during March. The increase followed a 219,000 February rise and a 216,000 January gain. These figures together were revised down by 38,000. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2017
U.S. Payroll Growth Is Disappointing, But Unemployment Rate Declines
The labor market softened this winter. Nonfarm payrolls rose 98,000 (1.6% y/y) during March. The increase followed a 219,000 February rise and a 216,000 January gain. These figures together were revised down by 38,000. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2017
U.S. Initial Unemployment Insurance Claims Decline Sharply
Initial claims for unemployment insurance fell to 234,000 (-13.7% y/y) during the week ended April 1 from 259,000 during the prior week, revised from 258,000. It was the lowest level of claims in five weeks. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
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