Regular gasoline prices remained fairly steady last week at $2.07 per gallon (-14.1% y/y) versus $2.08 in the prior week, according to the U.S. Department of Energy. The price compares to a low of $1.72 in February, but remained down [...]
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 12 2016U.S. Gasoline Prices Are Stable; Crude Oil Declines
by:Tom Moeller
|in:Economy in Brief
Import prices improved 0.2% during March (-6.2% y/y) following a 0.4% February decline, revised from -0.3%. The increase was much softer than the 1.0% rise expected in the Action Economics Forecast Survey. Petroleum import prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2016
U.S. Small Business Optimism Deteriorates Further
The National Federation of Independent Business reported that its Small Business Optimism Index eased 0.3% during March to 92.6 following a slightly revised 1.1% February fall. It was the fourth decline in the last five months and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2016
FIBER: Industrial Commodity Prices Remain Firm
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 1.0% during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2016
U.S. Wholesale Inventories and Sales Decline
Inventories at the wholesale level declined 0.5% during February (+0.5% y/y) following a 0.2% January drop, revised from +0.3%. The shortfall reflected a 1.1% decline (+3.7% y/y) in the nondurable goods sector, despite a 1.5% rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2016
U.S. Home Affordability Improves as Mortgage Payments Decline
The National Association of Realtors reported that the Composite Index of Home Affordability increased 2.2% m/m to 174.9 in February following a 5.4% January gain. Nevertheless, the index remained down 3.5% versus 12-months earlier. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2016
U.S. Consumer Credit Usage Strengthens
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. [...]
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
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