Global economic weakness is causing a pronounced decline in industrial commodity prices. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) deteriorated last month by [...]
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| Aug 21 2015FIBER: Industrial Commodity Prices Post Broad-Based Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2015
FIBER: Industrial Commodity Prices Post Broad-Based Declines
Global economic weakness is causing a pronounced decline in industrial commodity prices. The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) deteriorated last month by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2015
Philadelphia Fed Business Conditions Index Strengthens but Pricing Power Diminishes
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for August improved to 8.3 following an unrevised decline to 5.7 in July. Expectations were for 6.5 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2015
U.S. Existing Home Sales Improve to 2007 High; Prices Ease from Record
Sales of existing homes strengthened 2.0% during July to an annualized 5.590 million (11.7% y/y) from 5.480 in June, revised from 5.490 million. Sales remained at the highest level since February 2007 and were stronger than consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2015
U.S. Initial Unemployment Insurance Claims Increase, but Remain Near Expansion Low
The job market continues to expand. First time claims for unemployment insurance rose to 277,000 (-7.9% y/y) during the week ended August 15 from 273,000 in the week earlier, initially reported as 274,000. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2015
U.S. Mortgage Loan Applications Rise as Refinancings Strengthen
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 3.6% last week (20.4% y/y) to the highest level in three months. Applications to refinance increased 7.2% (21.2% y/y) as interest rates [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2015
U.S. CPI Increase Is Surprisingly Moderate
Earlier strength in consumer price inflation eased last month. The consumer price index increased 0.1% during July (0.2% y/y) following unrevised increases of 0.3% and 0.4% during the prior two months. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2015
U.S. Gasoline Prices Improve While Crude Oil Costs Continue Lower
Gasoline prices at the pump rose to an average $2.72 per gallon (-21.8% y/y) last week, the first increase since early last month. Prices nevertheless remained near the lowest level since early-May. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2015
U.S. Housing Starts Near Eight-Year High; Permits Backpedal
Housing starts during July edged up 0.2% (11.2% y/y) to 1.206 million (AR) during July from 1.204 million in June, last month reported as 1.174 million. The latest level was the highest figure since October 2007. July's figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2015
U.S. Home Builders Index Inches Higher to 2005 High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo notched up during August to 61 (10.9% y/y) versus an unrevised July level of 60. It remained the highest level since November 2005 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2015
Empire State Factory Sector Index Declines Sharply
The Empire State Factory Index of General Business Conditions deteriorated this month to its lowest level since the recession. The latest figure dropped to -14.92 from an unrevised 3.86 in July. It was the lowest level since April [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2015
U.S. Industrial Production Strengthens
Overall industrial output increased 0.6% during July (1.3% y/y) following a revised 0.1% uptick, last month reported as 0.3%. Earlier figures were revised last month to show slower improvement in output. A 0.3% rise in production had [...]
by:Tom Moeller
|in:Economy in Brief
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