WTI crude oil prices declined 9.0% last week to an average $61.11 per barrel (-37.1% y/y) from $67.18 during the prior period. Yesterday prices fell further to $55.91. Prices were 48.0% lower than their June peak of $107.52. The [...]
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| Dec 16 2014U.S. Crude Oil and Gasoline Price Declines Continue
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2014
U.S. Housing Starts & Building Permits Ease
Housing starts during November declined 1.6% to 1.028 million (AR, +7.5% y/y) from 1.045 million in October, revised from 1.009 million. The latest figure roughly matched expectations for 1.025 million starts in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2014
U.S. Industrial Production Surges by Most Since May 2010
Industrial production jumped 1.3% last month (5.2% y/y) following a 0.1% uptick, revised from -0.1%. Manufacturing sector production surged 1.1% (4.7% y/y) following an upwardly revised 0.4% rise, last month reported as 0.2%. Three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2014
U.S. Home Builders Index Slips M/M; 2014 Edges Higher
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo slipped to 57 this month and was unchanged y/y. Despite the m/m decline, the 2014 figure rose 2.5% after a nearly one-half increase in 2013. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2014
U.S. Industrial Production Surges by Most Since May 2010
Industrial production jumped 1.3% last month (5.2% y/y) following a 0.1% uptick, revised from -0.1%. Manufacturing sector production surged 1.1% (4.7% y/y) following an upwardly revised 0.4% rise, last month reported as 0.2%. Three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2014
Empire State Factory Sector Index Turns Negative
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions declined to -3.58 during December from an unrevised 10.16 in November. The figure indicated a declining level of activity [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2014
U.S. Producer Prices Decline With Oil Costs; Services Prices Up Minimally
The overall Final Demand Producer Price Index fell 0.2% during November (1.4% y/y) and reversed an unrevised 0.2% October increase. A 0.1% slip was expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2014
U.S. Import Price Decline Picks Up Speed
Import prices declined 1.5% (-2.3% y/y) during November after a 1.2% October drop, earlier reported as -1.3%. It was the largest of five straight months of decline and matched expectations for a 1.5% shortfall in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2014
NEW TITILE HERE 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| Dec 11 2014
U.S. Initial Claims for Unemployment Insurance Ease
Initial claims for unemployment insurance during the week ended December 6 slipped to 294,000 (-17.9% y/y) after falling to an unrevised 297,000 in the prior week. It was the lowest level of claims in three weeks. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2014
U.S. Retail Sales Improvement Led by Autos
Overall retail sales including food services increased 0.7% during November following a 0.5% October gain, revised from 0.3%. A 0.4% rise had been expected in the Action Economics Forecast Survey. Sales excluding autos rose 0.5% (4.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2014
U.S. Mortgage Loan Applications Rebound; Interest Rates Back Up
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index gained 7.3% last week (-6.0% y/y) following two weeks of decline. Applications to refinance a loan rebounded 13.2% (-7.1% y/y) but purchase [...]
by:Tom Moeller
|in:Economy in Brief
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