Recent improvement in factory sector production has strengthened industrial commodity prices. The industrial price index from the Foundation for International Business and Economic Research (FIBER) increased 3.7% during the last four [...]
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| Mar 14 2016FIBER: Industrial Commodity Prices Continue to Rise
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2016
U.S. Import and Export Prices Continue to Fall
Import prices declined 0.3% during February (-6.1% y/y) following a 1.0% January decline, revised from -1.1%. A 0.8% decline had been expected in the Action Economics Forecast Survey. Petroleum import prices fell 4.0% (-38.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2016
U.S. Government's Deficit-Spending Is Fairly Steady
The U.S. Treasury Department reported a $192.6 billion budget deficit during February versus a $192.4 billion deficit twelve months earlier. A $205.5 billion deficit had been expected in the Action Economics Forecast Survey. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2016
U.S. Initial Claims for Unemployment Insurance Trend Lower
Initial unemployment insurance claims declined to 259,000 during the week ended March 5 from 277,000 in the prior week, revised from 278,000. It was the lowest level of initial claims since early October. Expectations were for 272,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2016
U.S. Wholesale Inventories Rise While Sales Decline
Inventories at the wholesale level increased 0.3% (2.0% y/y) following little change in December, revised from -0.1%. The increase reflected a 1.1% rise in the nondurable goods sector despite a 1.6% shortfall (-11.2% y/y) in petroleum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2016
U.S. Mortgage Loan Applications & Interest Rates Are Little Changed W/W
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index notched 0.2% higher last week (20.0% y/y) following two weeks of sharp decline. Purchase applications jumped 4.2% (30.1% y/y) after a 0.6% dip, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 08 2016
U.S. Small Business Optimism Continues to Wane
The National Federation of Independent Business reported that its Small Business Optimism Index declined 1.1% during February to 92.9 following a 1.4% January fall. It was the lowest level since February 2014. According to the NFIB, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 08 2016
U.S. Gasoline & Crude Oil Prices Increase
Regular gasoline prices continued to move higher to $1.84 per gallon last week (-26.0% y/y) from $1.78 in the prior week. It was the highest price in six weeks, according to the U.S. Department of Energy. The price compares to a 2014 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2016
U.S. Consumer Credit Usage Increases
Consumer credit outstanding increased $10.5 billion during January (6.5% y/y) following a $6.4 billion December rise, revised from $21.3 billion. Action Economics Forecast Survey participants looked for a $17.0 billion January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2016
U.S. Labor Market Conditions Index Falls to New Low
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| Mar 04 2016
U.S. Payrolls Increase Above Expectations; Jobless Rate Is Unchanged; Earnings Dip
The job market firmed during February. Payroll employment increased by 242,000 after slowing in January, while the unemployment held steady at 4.9%, its lowest level since February 2008. The overall unemployment rate including [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2016
U.S. Payrolls Increase Above Expectations; Jobless Rate Is Unchanged; Earnings Dip
The job market firmed during February. Payroll employment increased by 242,000 after slowing in January, while the unemployment held steady at 4.9%, its lowest level since February 2008. The overall unemployment rate including [...]
by:Tom Moeller
|in:Economy in Brief
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