Consumers grew cautious ahead of the holiday spending season. Total retail sales & spending at restaurants nudged 0.1% higher (3.8% y/y) during November following a 0.6% October rise, revised from 0.8%. A 0.4% increase had been [...]
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| Dec 14 2016U.S. Retail Sales Increase Minimally
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2016
U.S. Crude Oil & Natural Gas Prices Surge
WTI crude oil prices jumped to $50.96 per barrel (38.0% y/y) last week, the highest level since July of last year. Yesterday, prices strengthened further to $52.83 per barrel. Brent crude oil prices increased to $53.92 per barrel last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2016
U.S. Import Prices Ease as Oil Prices Decline
Import prices slipped 0.3% during November (-0.1% y/y) following a 0.4% October increase, revised from 0.5%. A 0.4% decline had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. A 4.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2016
U.S. Small Business Optimism Nears Two-Year High
The National Federation of Independent Business reported that its Small Business Optimism Index jumped 3.7% during November (4.1% y/y) to 98.4. It was the strongest level of optimism since December 2014. A strengthened 12% of firms [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2016
U.S. Runs a $136.7 billion Budget Deficit in November
The U.S. Treasury Department reported that during November, the federal government ran a budget deficit of $136.7 billion. A $125.0 billion deficit had expected in the Action Economics Forecast Survey. So far in FY'17, the federal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2016
U.S. Runs a $136.7 billion Budget Deficit in November
The U.S. Treasury Department reported that during November, the federal government ran a budget deficit of $136.7 billion. A $125.0 billion deficit had expected in the Action Economics Forecast Survey. So far in FY'17, the federal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2016
U.S. Wholesale Inventories Decline; Sales Increase
Inventories at the wholesale level fell 0.4% (-0.4% y/y) during October following an unrevised 0.1% September rise. The advance report had indicated a 0.6% October decline. Inventories of durable goods declined 0.3% (-2.2% y/y) after [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2016
FIBER: Industrial Commodity Prices Exhibit Broad-Based Strength
Improvement in factory output worldwide has given life to industrial commodity prices. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 4.9% during the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2016
U.S. Claims for Jobless Insurance Retreat
Initial unemployment insurance claims declined to 258,000 (-7.5% y/y) in the week ended December 3 following an unrevised increase to 268,000 in the prior week. Expectations had been for 255,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2016
U.S. Consumer Credit Usage Slackens
Consumer credit outstanding increased $16.0 during October (6.6% y/y) following a $21.8 billion rise in September, revised from $19.3 billion. A $19.0 billion increase had been expected in the Action Economics Forecast Survey. Over [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2016
U.S. JOLTS: U.S. Labor Market Activity Holds Steady
The total job openings rate stood at 3.7% during October, unchanged from September. It remained down from the record high of 3.9% in July. The private-sector job openings rate fell, however, to 3.9% from 4.0%, but was up slightly from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2016
U.S. Mortgage Loan Applications Ease as Rates Rise Further
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 0.7% last week (-2.4% y/y) to the lowest level since the first week of January. Refinancing applications fell 0.7% (-7.1% y/y), also to the [...]
by:Tom Moeller
|in:Economy in Brief
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