The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for September edged down to 22.5 from 28.0 in August. Despite the decline, the figure remained near the highest point since March 2011. It [...]
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| Sep 18 2014Philadelphia Fed Business Conditions Index Slips but Remains Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2014
U.S. Initial Unemployment Insurance Fall to July Low
Initial claims for jobless insurance fell to 280,000 during the week ended September 13 from 316,000 in the prior week, revised from 315,000. The Action Economics Forecast Survey expected 305,000 in the latest week. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2014
U.S. Housing Starts and Building Permits Decline
Housing starts during August slumped 14.4% to 956,000 AR (+8.0% y/y) following a 22.9% July jump to 1,117,000, revised from 1,093,000. The latest level missed expectations for 1,035,000 starts in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2014
U.S. Current Account Deficit Shrinks
The U.S. current account deficit decreased in Q2'14 to $98.5 billion from $102.1 billion in Q1.The deficit amounted to 2.3% of GDP, roughly the same as during all of last year. The Action Economics Forecast Survey called for a deficit [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2014
U.S. Home Builders Index Improves Sharply
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo jumped to 59 during September from an unrevised from 55 in August. The latest figure was the highest since November 2005 and beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2014
U.S. Consumer Price Declines Are Broad-based
The consumer price index declined 0.2% during August (+1.7% y/y) following an unrevised 0.1% uptick. The decline was the first since April of last year and missed expectations for no change in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2014
U.S. Chain Store Sales Weaken Sharply
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales fell 2.6% last week (+3.0% y/y). The decline left sales so far in September 1.0% below August when sales fell 1.5% from July. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2014
U.S. Energy Prices Move Lower
Prices for energy products remained under pressure last week. The price for a gallon of regular gasoline declined to $3.41 (-3.9% y/y). It was the lowest level since mid-February. To account for seasonal patterns, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2014
U.S. Producer Prices Remain Unchanged; Core Index Up 0.1%
The overall Final Demand Producer Price Index held steady during August (1.8% y/y) following an unrevised 0.1% uptick in July. A 0.1% rise was expected in the Action Economics Forecast Survey. Prices excluding food & energy gained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2014
U.S. Producer Prices Remain Unchanged; Core Index Up 0.1%
The overall Final Demand Producer Price Index held steady during August (1.8% y/y) following an unrevised 0.1% uptick in July. A 0.1% rise was expected in the Action Economics Forecast Survey. Prices excluding food & energy gained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2014
U.S. Industrial Production is Led Lower by Durable Goods
Industrial production slipped 0.1% last month (+4.1% y/y) following a 0.2% July increase, revised from 0.4%. The decline was driven by a 0.4% shortfall (+1.3% y/y) in factory output during August after increasing 0.7%, last month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2014
Empire State Factory Sector Index Moves Up to 2009 High
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions jumped to 27.54 during September after moving lower in August to 14.69. It was the highest level since October 2009 and [...]
by:Tom Moeller
|in:Economy in Brief
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