Consumer credit outstanding increased $17.2 billion during February (6.6% y/y) following a $14.9 billion January rise, revised from $10.5 billion. A $14.0 billion increase had been expected in the Action Economics Forecast Survey. [...]
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| Apr 07 2016U.S. Consumer Credit Usage Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2016
U.S. Initial Claims for Jobless Insurance Decline
Initial unemployment insurance claims fell to 267,000 during the week ended April 2 from an unrevised 276,000 in the prior week. For the past year, claims have been near the lowest level since 1973. Expectations were for 270,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2016
U.S. Mortgage Loan Applications Firm as Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 2.7% last week (3.4% y/y), following three weeks of decline. Refinancing applications jumped 6.8% (-1.9% y/y) after six weeks of sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2016
U.S. Mortgage Loan Applications Firm as Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 2.7% last week (3.4% y/y), following three weeks of decline. Refinancing applications jumped 6.8% (-1.9% y/y) after six weeks of sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2016
U.S. Gasoline Prices Steady; Crude Oil Declines
Regular gasoline prices were little changed last week at $2.08 per gallon (-13.7% y/y) versus $2.07 in the prior week, according to the U.S. Department of Energy. The price compares to a 2014 high of $3.71 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2016
U.S. JOLTS: Job Openings Rate Eases, But Hires Rate Jumps
The job openings rate fell to 3.7% during February from 3.8% in the prior month, revised from 3.7%. The decline left the reading stuck in the sideways trend of the last ten months. The private sector job openings rate of 3.9% compared [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2016
U.S. ISM Nonmanufacturing Index and Prices Improve
The Composite Index of Nonmanufacturing Sector Business from the Institute for Supply Management (ISM) increased to 54.5 during March versus an unrevised 53.4 in February. It was the highest reading in three months. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2016
U.S. Trade Deficit Widens to Six-Month High
The U.S. foreign trade deficit increased to $47.1 billion during February from $45.9 billion in January, revised from $45.7 billion. It was the deepest trade deficit since August. A deficit of $46.2 billion was expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2016
U.S. Factory Sector Activity Deteriorates
New orders in the manufacturing sector declined 1.7% during February (+0.1% y/y) and reversed the prior month's 1.2% increase. The decline reflected a little-revised 3.0% drop in durable goods orders. These orders were pulled lower by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2016
U.S. Labor Market Conditions Index Shows Scant Improvement
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| Apr 01 2016
U.S. Light Vehicle Sales Decline Sharply
Total sales of light vehicles during March fell 5.5% from February, the fourth decline in five months. At 16.57 million units (SAAR), sales were at the lowest level in thirteen months. Auto sales declined 6.4% to 6.91 million units [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2016
U.S. Construction Activity Eases
The value of construction put-in-place fell 0.5% during February following a 2.1% rise in January, revised from 1.5%. A 0.1% increase was expected in the Action Economics Forecast Survey. During the last three months, activity grew an [...]
by:Tom Moeller
|in:Economy in Brief
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