The Federal Government reported a $192.327 billion budget deficit during February compared to a $193.532 billion deficit during February of 2014. For the first five months of Fiscal Year 2015, however, the deficit deepened to $386.537 [...]
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| Mar 12 2015U.S. Budget Deficit Deepens So Far in FY 2015
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 12 2015
U.S. Business Inventory Growth is Reined In
Total business inventories were roughly stable during January (3.4% y/y), the same as they were in December, earlier reported as +0.1%. During the last three months, inventory growth slowed to 0.3% (AR) from its high of 7.6% late in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 12 2015
U.S. Initial Unemployment Insurance Claims Retrace Earlier Gains
Initial claims for unemployment insurance declined to 289,000 during the week ended March 7 from 325,000 in the prior week, revised from 320,000. The latest level was the lowest in three weeks. The four-week moving average of initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 12 2015
U.S. Retail Sales Disappoint, Falling for Three Straight Months
Severe winter weather may have been a factor last month, but retail spending has been under pressure for a while. Overall retail sales including food services & drinking places fell 0.6% (+1.7% y/y) during February following an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2015
U.S. Mortgage Loan Applications Dip; Rates Stable
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index edged 1.3% lower last week (+11.3% y/y). Applications are down 26.1% during the last seven weeks. Refinance applications led the way lower with a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2015
U.S. Wholesale Inventory Accumulation Eases
Inventories at the wholesale level in January gained 0.3% (6.2% y/y) following little change in December, revised from 0.1%. Durable goods inventories rose 0.6% (7.7% y/y). Electrical equipment inventories were quite strong and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2015
U.S. JOLTS: Job Openings Rate Remains at the Highest Level Since 2001
The job openings rate during January held at 3.4%, up from the recession low of 1.6%. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2015
U.S. Small Business Optimism Holds Steady
The National Federation of Independent Business reported a February reading of 98.0 for its Small Business Optimism Index versus an unrevised 97.9 during January. The figure remained near its highest level since February 2007. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2015
U.S. Petroleum Prices Continue to Increase
Gasoline prices bumped up another 2 cents last week to $2.49 cents per gallon. The rise now totals 44 cents (21.7%) from the low 6 weeks ago. Despite the gains, prices remained well below the $3.70 per gallon peak reached last June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2015
U.S. Labor Market Conditions Index Deteriorates M/M
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, employment, workweeks, wages, vacancies, hiring, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 09 2015
U.S. Consumer Credit Usage Eases
Consumer credit outstanding gained $11.6 billion during January after a $17.9 billion rise in December, initially reported as $14.8 billion. Expectations were for a $15.0 billion increase, according to the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Improvement in the labor market continues firm. Nonfarm payroll employment during February increased 295,000 (2.3% y/y) following a 239,000 January rise, revised from 257,000. The latest advance compared to expectations for 240,000 in [...]
by:Tom Moeller
|in:Economy in Brief
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