October's improvement in industrial activity provided no lift to industrial commodity prices. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) deteriorated by 1.6% [...]
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 14 2015FIBER: Industrial Commodity Prices Remain Under Pressure
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2015
U.S. Business Inventories Are Little-Changed M/M; I/S Ratios Trend Higher
Total business inventories posted a negligible decline during October (2.0% y/y) following a 0.1% September rise. Retail inventories gained 0.1% (5.0% y/y) after a 0.8% increase. Motor vehicle & parts inventories eased 0.4% (+6.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2015
U.S. Producer Prices Rebound
The overall Final Demand Producer Price Index increased 0.3% (-1.1% y/y) during November, following a 0.4% October decline. The Action Economics Forecast Survey expected no change in prices. Prices excluding food & energy gained 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2015
U.S. Retail Sales Show Widespread Improvement
Consumers began to open their wallets in advance of the holiday season. Purchases at retail stores and restaurants increased 0.2% during November following little change in the prior three months, which were unrevised. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2015
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 282,000 (-1.2% y/y) in the week ending December 5 from an unrevised 269,000 the previous week. The Action Economics Forecast Survey expected 265,000 filings. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2015
U.S. Budget Deficit Deepens Y/Y
The U.S. Treasury Department reported a $64.6 billion budget deficit during November, deeper than the $56.8 billion deficit twelve months earlier. A $68.0 billion deficit had been expected in the Action Economics Forecast Survey. In [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2015
U.S. Import Price Decline Led by Cheaper Oil
Import prices declined 0.4% during November following a 0.3% October drop, revised from -0.5%. A 0.7% fall had been expected in the Action Economics Forecast Survey. Petroleum prices fell 2.5% (-44.5% y/y) after a 0.4% rise, revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2015
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 282,000 (-1.2% y/y) in the week ending December 5 from an unrevised 269,000 the previous week. The Action Economics Forecast Survey expected 265,000 filings. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2015
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 282,000 (-1.2% y/y) in the week ending December 5 from an unrevised 269,000 the previous week. The Action Economics Forecast Survey expected 265,000 filings. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2015
U.S. Wholesale Inventories Ease
Inventories at the wholesale level dipped 0.1% during October following a 0.2% September rise, revised from 0.5%. The decline reflected a 1.1% drop (-9.5% y/y) in metals & minerals (excl. petroleum) and a 0.5% decline (+12.9% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2015
U.S. Mortgage Loan Applications Improve Slightly
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index gained 1.2% last week (12.5% y/y). Purchase applications were unchanged w/w (28.6% y/y) following a recent surge. Refinancing applications increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2015
U.S. Crude Oil Prices Touch Seven-Year Low; Gasoline Prices Ease
WTI crude oil costs declined to $40.40 (-39.9% y/y) last week, and yesterday dropped to a seven-year low of $37.65 per barrel. Brent crude oil prices fell w/w to $42.41 per barrel last week and were $40.65 yesterday. WTI prices [...]
by:Tom Moeller
|in:Economy in Brief
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