Initial unemployment insurance claims rose to 277,000 (3.1% y/y) during the week ended June 11 versus an unrevised 264,000 claims in the prior week. It was the first w/w increase since the first week of May. The Action Economics [...]
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| Jun 16 2016U.S. Initial Claims for Unemployment Insurance Increase
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2016
Philadelphia Fed Business Conditions Index Indicates Modest Growth
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index improved in June to 4.7 from an unrevised -1.8 in May. Despite the moderate reading, it remained up from December's low of -10.2. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2016
U.S. CPI Moderates Despite Higher Energy Prices
The recent increase in energy prices has been offset by a tame pricing environment elsewhere. Last month, that left the increase in the Consumer Price Index moderating to 0.2% (1.0% y/y) following an unrevised 0.4% April rise. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2016
FOMC Leaves Rate Unchanged; Lowers Economic Growth Expectations
At today's meeting of the Federal Open Market Committee, the Fed funds rate was left unchanged in the range of 0.25%-0.50%, as expected. Economic growth projections were revised downward, however, from those developed for the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2016
Empire State Factory Sector Activity Index Rebounds
The Empire State Factory Index of General Business Conditions recovered in June much of its May deterioration. The New York index rose to 6.01 following its unrevised decline to -9.02. Twenty eight percent of respondents reported a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2016
U.S. Industrial Production Declines Unexpectedly
Industrial output fell 0.4% during May (-1.4% y/y) following a 0.6% rise, revised from 0.7%. It was the third decline this year and left output 0.2% below December. No change in output had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2016
U.S. Producer Price Strength Led by Energy
The headline Final Demand Producer Price Index increased 0.4% (-0.1% y/y) in May following an unrevised 0.2% April rise. A 0.3% rise had been expected in the Action Economics Forecast Survey. A 2.8% gain in energy prices (-14.6% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Energy Prices Continue to Rise
Regular gasoline prices increased to $2.40 per gallon last week (-15.4% y/y) following the prior week's rise to $2.38, according to the U.S. Department of Energy. Prices have risen by one-third since mid-February and were at the [...]
by:Tom Moeller
|in:Economy in Brief
Import prices jumped 1.4% during May (-5.0% y/y) following an upwardly revised 0.7% April rise. It was the strongest increase since March 2012, and double the 0.7% gain expected in the Action Economics Forecast Survey. These figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Small Business Optimism Is Little Changed
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.2% during May to 93.8 following a 1.1% April rise. These were the only increases so far this year. An improved 9% of firms [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2016
U.S. Retail Spending Moderates
Total retail sales & spending at restaurants increased 0.5% (2.5% y/y) during May following an unrevised 1.3% April jump. The rise compared to expectations for 0.3% growth in the Action Economics Forecast Survey. The increase in motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2016
FIBER: Industrial Commodity Prices Move Higher
Improvement in factory sector output continues to support pricing power in the industrial sector. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 0.7% during [...]
by:Tom Moeller
|in:Economy in Brief
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