Consumer prices continued declining by the most in six years. The consumer price index fell 0.4% during December following an unrevised 0.3% fall during November. It was the largest monthly drop since December 2008 and matched [...]
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| Jan 16 2015U.S. Consumer Prices Decline With Lower Fuel Costs; Core Prices Steady
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
Empire State Factory Sector Index Rebounds Into Positive Territory
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions rebounded to 9.95 during January, after falling to -1.23 in December, revised from -3.58. These figures, nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for January fell sharply to 6.3 from 24.3 in December. The figure was the lowest since February and fell well below expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
U.S. Producer Price Index Falls With Oil and Food Prices; Shows Upward Pressure Elsewhere
The overall Final Demand Producer Price Index fell 0.3% during December (+1.1% y/y) and followed an unrevised 0.2% November decline. A 0.4% decline was expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2015
U.S. Initial Unemployment Insurance Claims Jump to Four-Month High
Initial claims for unemployment insurance continue to track upward. During the week ended January 10, claims jumped to 316,000 (-4.0% y/y) from 297,000 in the week prior, revised from 294,000. The latest was the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Mortgage Loan Applications Jump as Interest Rates Fall
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index surged by nearly one-half last week (27.4% y/y) as interest rates fell sharply. Applications to purchase a home gained one-quarter (2.6% y/y) and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Business Inventory Growth Is Stable Though Sales Decline, Again
Total business inventories rose 0.2% in November (4.4% y/y), the same as in October, which was unrevised. Total business sales edged down 0.2% (+2.2% y/y) following a deepened 0.3% decline. The resulting inventory/sales ratio for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Import Prices Led Lower by Petroleum
Import prices declined 2.5% (-5.5% y/y) during December following a 1.8% November drop, earlier reported as -1.5%. It was the largest of six straight months of decline and matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Retail Sales Post Broad-Based Declines Led by Lower Gasoline Prices
Overall retail sales including food services declined 0.9% (+3.2% y/y) during December following a 0.4% November increase, revised from 0.7%. No change in sales had been expected in the Action Economics Forecast Survey. Sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. Budget Surplus Shrinkage Reflects Strong Health Program Spending
The Federal Government reported a $1.9 billion budget surplus during December compared to a $53.2 billion surplus during December of 2014. For the first three months of Fiscal Year 2015, the deficit of $176.7 billion compares to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. JOLTS: Job Openings Rate Returns to 2001 High
The job openings rate during November increased to 3.4% and matched the highest level since April 2001. 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 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. Small Business Optimism Surges
The National Federation of Independent Business reported that its Small Business Optimism Index for December jumped to 100.4 following an unrevised gain to 98.1 during November. The latest level was the highest since October 2006. For [...]
by:Tom Moeller
|in:Economy in Brief
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