The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during November fell to a three-month low of -0.30 from -0.17 in October, revised from -0.04. The 3-month moving average eased to -0.20, its weakest reading [...]
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| Dec 21 2015Chicago Fed National Activity Index Deteriorates
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2015
Kansas City Federal Reserve Factory Sector Retraces Earlier Improvement
The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity in the region deteriorated sharply during December, and completely reversed the improvement during the prior three months. The Composite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Current Account Deficit Deepens
The U.S. Current Account Deficit increased to $124.1 billion in Q3 from $111.1 billion in Q2, and was the largest deficit since Q4'08. The data are seasonally adjusted. The deficit in goods trade was fairly steady Q/Q but the services [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Leading Economic Indicators Continue to Rise
The Conference Board's Index of Leading Economic Indicators increased 0.4% during November following an unrevised 0.6% October rise. The Action Economics Forecast Survey expected a 0.2% November gain. Three-month growth in the index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
U.S. Initial Claims for Jobless Insurance Ease
Initial claims for unemployment insurance declined to 271,000 (-4.6% y/y) in the week ending December 12 from an unrevised 282,000 in the previous week. The decline reversed most of the prior month's increase. Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2015
Philadelphia Fed Business Conditions Index Deteriorates; New Orders Ease
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for December fell to -5.9, the third negative reading in the last four months. Expectations were for 1.5 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2015
FOMC Increases Federal Funds Rate; Suggests More to Come
At today's meeting of the Federal Open Market Committee, the Fed raised the federal funds rate to a target range of 0.25% to 0.50% from 0.00% to 0.25%. The rate had been steady since December 2008, having fallen from a 5.25% high in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2015
U.S. Industrial Production Declines for a Third Consecutive Month; Factory Output Holds Steady
Overall industrial output fell 0.6% during November (-1.2% y/y) following a 0.4% October decline, revised from -0.2%. The Action Economics Forecast Survey expected a 0.1% fall. A 4.3% decline (-7.6% y/y) in utility output accounted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2015
U.S. Housing Starts Rebound M/M; Building Permits Reach Five-Month High
Housing starts during November recovered 10.5% to 1.173 million (SAAR) from 1.062 million in October, last month reported as 1.060 million. Starts were 18.5% higher than one year earlier. The latest figure surpassed expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2015
U.S. CPI Remains Unchanged; Core Prices Increase Steadily
The Consumer Price Index was unchanged (0.5% y/y) during November following a 0.2% October rise. Prices excluding food & energy increased 0.2% (2.0% y/y) for the third consecutive month. Both the total and core price figures matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2015
U.S. CPI Remains Unchanged; Core Prices Increase Steadily
The Consumer Price Index was unchanged (0.5% y/y) during November following a 0.2% October rise. Prices excluding food & energy increased 0.2% (2.0% y/y) for the third consecutive month. Both the total and core price figures matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2015
U.S. CPI Remains Unchanged; Core Prices Increase Steadily
The Consumer Price Index was unchanged (0.5% y/y) during November following a 0.2% October rise. Prices excluding food & energy increased 0.2% (2.0% y/y) for the third consecutive month. Both the total and core price figures matched [...]
by:Tom Moeller
|in:Economy in Brief
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