Energy product prices continued to decline last week. Regular gasoline prices declined to $2.18 per gallon (+0.3% y/y) last week, the lowest level since mid-August. Prices remained down versus a 2014 high of $3.71 per gallon. Haver [...]
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| Nov 15 2016
U.S. Petroleum & Natural Gas Prices Fall
by:Tom Moeller
|in:Economy in Brief
Global| Nov 15 2016
U.S. Business Inventories Inch Higher
Total business inventories increased 0.1% during September (0.6% y/y) following an unrevised 0.2% August gain. Total business sales improved 0.7%, and were up 0.8% y/y. The inventory-to-sales ratio eased to 1.38, down sharply from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 15 2016
U.S. Import Price Increase Powered by Oil
Import prices improved 0.5% during October (-0.2% y/y) following a 0.2% September increase, revised from 0.1%. A 0.4% increase had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 15 2016
Empire State Factory Sector Index Turns Positive
The Empire State Factory Index of General Business Conditions for November posted its first reading above zero since July. It rose to 1.5 from -6.8 in October. Expectations had been for -3.0 in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 15 2016
U.S. Retail Sales Post Another Firm Increase
Total retail sales & spending at restaurants increased 0.8% during October (4.3% y/y) following a 1.0% September rise, revised from 0.6%. A 0.6% increase had been expected in the Action Economics Forecast Survey. The rise lifted [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 14 2016
FIBER: Industrial Commodity Prices Strengthen
Modest improvement in U.S. factory sector activity is lending support to industrial commodity prices. Since December, manufacturing sector production has been roughly unchanged following last year's 0.3% decline from December-to- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 10 2016
U.S. Budget Deficit Equals $44.2 Billion
The U.S. Treasury Department reported that the federal government ran a budget deficit of $44.2 billion during October compared to a $136.6 billion deficit one year earlier. A $74.0 billion deficit was expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 10 2016
U.S. Initial Unemployment Insurance Claims Retrace Earlier Gains
Initial claims for jobless insurance claims declined to 254,000 (-8.0% y/y) during the week ended November 5 following an unrevised increase to 265,000 claims in the week prior. It was the lowest level of claims in four weeks. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2016
U.S. Wholesale Inventories & Sales Rise Modestly
Inventories at the wholesale level notched 0.1% higher (-0.1% y/y) during September following a 0.1% August slip, revised from -0.2%. The advance report had indicated a 0.2% September rise. Inventories of durable goods declined 0.4% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2016
U.S. Mortgage Loan Applications Fall
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.2% last week (+17.6% y/y), the same as during the prior week. Refinancing applications fell 2.7% (+22.7% y/y) following a 1.6% shortfall. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2016
U.S. Energy Prices Remain Under Pressure
Prices in the energy sector remained under pressure last week. Natural gas prices declined to $2.43 per mmbtu last week, prices have fallen from $3.15 just three weeks ago, and equaled the lowest level since early June. They remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2016
U.S. JOLTS: Job Openings Improve While Layoffs Decline Sharply
The labor market improved further during September. The total job openings rate increased to 3.7% from an unrevised to 3.6% in August. It remained down. however, from the record high of 3.9% in July. The private sector job openings [...]
by:Tom Moeller
|in:Economy in Brief
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