The consumer price index held steady during October (1.7% y/y) following an unrevised 0.1% September uptick. The figure compared to an expected 0.1% decline in the Action Economics Forecast Survey. Consumer prices excluding food and [...]
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| Nov 20 2014U.S. Consumer Prices Remain Unchanged; Core Prices Heat Up
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2014
U.S. Mortgage Loan Applications Improve
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index increased 4.9% last week (-13.3% y/y) to the highest level since the middle of last month. Applications to purchase a home jumped 11.7% (-6.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2014
U.S. Housing Starts Weaken Overall; Building Permits Reach Six-Year High
Housing starts during October fell 2.8% (+7.7% y/y) to 1.009 million (AR) from 1.038 million in September, revised from 1.017 million. The latest level fell short of expectations for 1.028 million starts in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2014
U.S. Gasoline Prices Decline to 2010 Low
The price for a gallon of regular gasoline last week revisited the lowest level since November 2010. The $2.89 cost (-10.1% y/y) was down from $2.94 during the prior week. To account for seasonal patterns, Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2014
U.S. Home Builders Index Rebounds, Notably in Northeast
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo recovered to 58 this month (7.4% y/y) after an unrevised decline to 54 in October. The figure beat expectations for 55 in the Informa Global [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2014
U.S. Producer Prices Rebound; Services Prices Jump
The overall Final Demand Producer Price Index gained 0.2% during October (1.5% y/y) following an unrevised 0.1% dip in September. A 0.1% decline was expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2014
Empire State Factory Sector Index Improves
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions recovered to 10.16 during November following a sharp decline to an unrevised 6.17 in October. Despite the upturn, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2014
U.S. Industrial Production Slips M/M as Forward Momentum Eases
Industrial production slipped 0.1% last month following a 0.8% September increase, revised from 1.0%. Manufacturing sector production rose 0.2% (3.4% y/y) following a 0.2% September rise, last month reported as 0.5%. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Business Inventories Post Moderate Rise as Sales Remain Unchanged
Total business inventories rose 0.3% during September following a 0.1% August gain, revised from 0.2%. Perhaps prompting the accumulation, total business sales were unchanged (4.1% y/y) following a 0.5% August slump, revised slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Import Prices Continue Lower With Oil Costs
Import prices declined 1.3% (-1.8% y/y) during October after a 0.6% September drop, earlier reported as -0.5%. It was the fourth straight month of decline and matched expectations in the Action Economics Forecast Survey. A 6.9% fall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2014
U.S. Retail Sales Recover as Internet Sales Jump
Consumer spending regained buoyancy last month. Overall retail sales, including food services, improved 0.3% during October (4.1% y/y) following an unrevised 0.3% September decline. A 0.2% rise had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. Budget Deficit Jumps With More Spending
The Federal Government reported a $121.7 billion budget deficit during October compared to a $90.6 billion during October of last year. For FY 2015, the Congressional Budget Office projects the budget deficit will total $469 billion [...]
by:Tom Moeller
|in:Economy in Brief
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