The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.9% during the last four weeks, and has risen 23.9% during the last twelve months. This follows strength [...]
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 13 2017FIBER: Industrial Commodity Price Strength Outpaces Activity
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2017
U.S. Budget Surplus Eases in January; Deficit Declines This Fiscal Year
The U.S. Treasury Department reported that during January, the federal government ran a $51.3 billion budget surplus compared to a $55.2 billion surplus in January 2016. A $33.0 billion surplus had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2017
U.S. Import & Export Prices Continue to Strengthen
Import prices increased 0.4% (3.7% y/y) during January after a 0.5% December rise, revised from 0.4%. A 0.3% increase had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. Petroleum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 09 2017
Wholesale Inventory Growth Remains Firm
Inventories at the wholesale level jumped another 1.0% (2.8% y/y) during December, the same as in November. The advance report indicated a 1.1% December increase. Inventories of durable goods increased 0.7% (0.8% y/y) after a 1.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 09 2017
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance fell to 234,000 (-9.7% y/y) during the week ended February 4 from an unrevised 246,000 claims in the prior week. It was the lowest level in twelve weeks. The four-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 08 2017
U.S. Mortgage Loan Applications Increase
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rose 2.3% last week (-21.8% y/y) following a 3.2% decline during the week prior. Purchase applications rebounded 1.8% (5.5% y/y) after a 5.6% fall. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 08 2017
U.S. Gasoline Prices Ease; Crude Oil Improves
Regular gasoline prices slipped to $2.29 per gallon (+30.4% y/y) last week following a decline to $2.30 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 07 2017
U.S. Consumer Credit Growth Eases M/M and Y/Y
Consumer credit outstanding increased $14.2 billion during December following a little-revised $25.2 billion November gain. A $20.0 billion increase had been expected in the Action Economics Forecast Survey. Full-year growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2017
U.S. JOLTS: U.S. Labor Market Activity Deteriorates Slightly
The total job openings rate of 3.6% during December was lower than 3.7% in November. Nevertheless, the rate for all of last year remained steady at 3.6%. These rates remained down from the record high of 3.9% in July. The private- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2017
U.S. Trade Deficit Declines
The U.S. trade deficit in goods and services narrowed at year-end, but deepened slightly in all of last year. The December deficit fell to $44.3 billion from $45.7 billion during November, revised from $45.2 billion. A $45.0 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2017
U.S. Labor Market Conditions Index Recovers
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| Feb 06 2017
U.S. Factory Orders Strength Led by Nondurables
Manufacturing sector orders increased 1.3% during December (2.0% y/y) following a 2.3% November decline. Durable goods orders eased 0.5% (-0.7% y/y). Transportation sector orders fell 2.5% (-5.7% y/y) with a 64.0% plunge in defense [...]
by:Tom Moeller
|in:Economy in Brief
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