Total retail sales & spending at restaurants increased 0.6% during June (2.7% y/y) following a 0.2% May gain, revised from 0.5%. The rise compared to expectations for 0.1% growth in the Action Economics Forecast Survey. Healthy [...]
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| Jul 15 2016
U.S. Retail Spending Posts Firm Increase
by:Tom Moeller
|in:Economy in Brief
Initial unemployment insurance claims held steady at 254,000 (-8.6% y/y) during the week ended July 9. It was the lowest level since mid-April and near a record low. The Action Economics Forecast Survey expected 265,000 claims. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 14 2016
U.S. Producer Prices Strengthen Unexpectedly
The headline Final Demand Producer Price Index increased 0.5% (0.3% y/y) in June following an unrevised 0.4% May gain. It was the quickest rise since May of last year. A 0.3% rise had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2016
U.S. Budget Deficit Deepens Substantially
So far in FY'16, the federal government's budget deficit totaled $400.8 billion, up 26.7% versus $316.4 billion in the first nine months of FY'15. That result was highlighted in today's U.S. Treasury Department report of a $6.3 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2016
U.S. Mortgage Loan Applications Rise With Refinancings
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 7.2% last week, up roughly two-thirds y/y, to the highest level since June 2013. The rise was driven by an 11.2% increase in refinancing [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2016
U.S. Import Price Increase Driven by Oil Costs; Nonoil Prices Ease
Import prices rose 0.2% (-4.8% y/y) during June following a 1.4% surge in May. It was the smallest increase since a decline in February and fell short of expectations for a 0.5% rise in the Action Economics Forecast Survey. These [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2016
U.S. Wholesale Inventories Tick Higher; Sales Firm
Inventories at the wholesale level notched 0.1% higher during May following a 0.7% April increase, revised from 0.6%. Nondurable goods sector inventories rose 0.2% (4.9% y/y) after a 1.6% jump. Farm-product inventories were strong [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2016
U.S. JOLTS: Job Openings Rate Backpedals, But Hires Rate Is Steady
The job openings rate declined to 3.7% during May from the record high of 3.9%. The private sector job openings rate fell to 3.9% from 4.2%. This rate compared to 2.4% in the public sector. The 4.8% rate in professional & business [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2016
U.S. Energy Prices Fall
Regular gasoline prices fell to $2.25 per gallon last week (-20.5% y/y), down from $2.40 early last month, according to the U.S. Department of Energy. Nevertheless, prices remained near the highest level since early September. Prices [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 12 2016
U.S. Small Business Optimism Improves
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.7% during June to 94.5 following an unrevised 0.2% May rise. An improved -9% of firms were expecting the economy to improve, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 11 2016
U.S. Labor Market Conditions Index Remains Negative
The Labor Market Conditions Index 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, vacancies, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 08 2016
U.S. Consumer Credit Usage Remains Firm
Consumer credit outstanding increased $18.6 billion during May following an unrevised $13.4 billion April gain. A $15.2 billion increase had been expected in the Action Economics Forecast Survey. During the last ten years, there has [...]
by:Tom Moeller
|in:Economy in Brief
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