The overall Final Demand Producer Price Index increased 0.2% during July (-0.8% y/y) following an unrevised 0.4% June rise. A 0.1% uptick was expected in the Action Economics Forecast Survey. Prices excluding food & energy also were [...]
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 14 2015U.S. Producer Price Inflation Eases but Core Prices Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2015
U.S. Initial Claims for Jobless Insurance Notch Higher
Initial claims for unemployment insurance rose to 274,000 during the week ended August 8 following 269,000 claims during the week prior, earlier reported as 270,000. The four-week moving average fell to 266,250, a new low for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2015
U.S. Import and Export Price Declines Are Broad-Based
Import prices moved 0.9% lower during July (-10.4% y/y) following no change during June, revised from -0.1%. The Action Economics Forecast Survey anticipated a 1.0% July decline. Prices of petroleum imports fell 5.9% (-43.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2015
U.S. Retail Sales Recovery Accompanied by Upward Revisions
Overall retail sales including food services & drinking places during July increased 0.6% (2.9% y/y). The rise followed upwardly-revised readings of no change and 1.2% in June and May, earlier reported as a 0.3% decline and a 1.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2015
U.S. Budget Deficit Deepens as Spending Ramps Up
The Federal Government reported a $149.2 billion budget deficit during July compared to a $94.6 billion deficit during July of 2014. A $129.8 billion deficit had been expected in the Action Economics Forecast Survey. For the first ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2015
U.S. JOLTS: Job Openings Rate Remains Near 2001 High; Hiring Strengthens
The job openings rate during June held steady at 3.6% for the third straight month, just below the series' high of 3.8% in January 2001. The rate is improved from the low of 1.6% in July 2009. The job openings rate is the number of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2015
U.S. Mortgage Loan Applications Continue Moving Sideways
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index notched 0.1% higher last week (17.9% y/y) and remained near the level of late-May. Purchase applications fell 3.5% (+20.1% y/y) while applications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2015
U.S. Wholesale Inventory Accumulation Continues to Strengthen
Inventories at the wholesale level increased 0.9% during June (5.4% y/y) following a 0.6% May gain, revised from 0.8%. The rise was paced by a 2.0% jump (15.0% y/y) in automotive products inventories and a 1.5% rise in furniture (7.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2015
U.S. Gasoline and Crude Oil Prices Are Still Weakening
Gasoline prices at the pump fell to an average $2.63 per gallon (-25.0% y/y) last week, the lowest level since late-April. This summer's high in prices was $2.84 per gallon reached in mid-June. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2015
U.S. Small Business Optimism Improves Moderately
The National Federation of Independent Business reported that its Small Business Optimism Index strengthened to 95.4 during July after falling to an unrevised decline to 94.1 in June. The reading was the lowest since September of last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2015
U.S. Productivity Improves Following Two Quarters of Decline
Nonfarm productivity increased 1.3% during Q2'15 (SAAR, 0.3% y/y), about as expected, following a 1.1% decline earlier this year, revised from -3.1%. Productivity fell a little-changed 2.2% in Q4'14. Last year's 0.7% rise was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2015
U.S. Labor Market Conditions Index Remains Weak
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
- of1071Go to 389 page