The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions in February rose to 38.0 from 33.3 during January. It was the highest level since June 2015. Forty-four percent of respondents reported [...]
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| Feb 21 2017Philadelphia Fed Nonmanufacturing Business Index Improves Further
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 17 2017
U.S. Leading Economic Indicators Post Another Strong Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% during January (2.5% y/y) following an unrevised 0.5% December gain. Earlier figures were revised slightly higher. A 0.4% increase had been expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 16 2017
U.S. Initial Claims For Unemployment Insurance Rise Slightly
Initial claims for unemployment insurance increased to 239,000 (-8.1% y/y) during the week ended February 11 from unrevised claims of 234,000 in the prior week. The four-week moving average of claims rose to 245,250, still near the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 16 2017
Philadelphia Fed Factory Business Conditions Index Strengthens
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index jumped to 43.3 during February from January's 23.6. It was the highest level since January 1984. The latest monthly reading compared [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 16 2017
U.S. Housing Starts Ease, But Permits Improve
Housing starts during January declined 2.6% to 1.246 million (AR) from 1.279 million in December, revised from 1.226 million. Expectations had been for 1.215 million starts in the Action Economics Forecast Survey. Starts of single- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2017
U.S. Home Builders Index Slips Again
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell 3.0% to 65 during February (+12.1% y/y) following an unrevised decline to 67 in January. The NAHB figures are seasonally adjusted. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2017
Empire State Business Conditions Survey Strengthens; Prices Surge
The Empire State Manufacturing Index of General Business Conditions for February jumped to 18.7 from 6.5 in January. It was the highest level since September 2014. The Action Economics Forecast Survey expected 7.0. These data, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2017
U.S. CPI Strengthens With Higher Energy Prices
The Consumer Price Index jumped 0.6% during January following a 0.3% December gain. It was the strongest rise since February 2013 and lifted y/y growth to 2.5%. Expectations had been for a 0.3% gain in the Action Economic Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2017
U.S. Gasoline Prices Rise; Crude Oil Slips
Regular gasoline prices moved up to $2.31 per gallon (33.8% y/y) last week following a decline to $2.29 per gallon in the prior week. Prices peaked at $2.39 early last month and remained down from a 2014 high of $3.71 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2017
U.S. Small Business Optimism Improves
The National Federation of Independent Business reported that its Small Business Optimism Index ticked 0.1% higher during January (12.8% y/y) to 105.9 following a 7.5% December surge. It was the strongest level of optimism since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2017
U.S. Producer Prices Strengthen Broadly
The headline Final Demand Producer Price Index increased 0.6% during January (1.6% y/y) after a 0.2% December gain, revised from 0.3%. The rise was the largest since September 2012 and exceeded expectations for a 0.3% increase in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2017
U.S. Producer Prices Strengthen Broadly
The headline Final Demand Producer Price Index increased 0.6% during January (1.6% y/y) after a 0.2% December gain, revised from 0.3%. The rise was the largest since September 2012, and exceeded expectations for a 0.3% increase in the [...]
by:Tom Moeller
|in:Economy in Brief
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