Retail and food service sales were unchanged (3.7% y/y) during July following an unrevised 0.2% June rise. A 0.3% increase had been expected in the Action Economics Forecast Survey. Fewer sales of motor vehicles & parts limited last [...]
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| Aug 13 2014U.S. Retail Sales Remain Unchanged After Five Months of Increase
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Budget Deficit's Decline Is Near Expectations
The Federal Government posted a $94.6 billion budget deficit during July of FY 2014, and roughly matched expectations in the Action Economics Forecast Survey. For the first ten months of the current fiscal year, the government ran a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Crude Oil Prices Near January Low; Gasoline Pries Slip
The price for a gallon of regular gasoline declined another penny last week to $3.51 (-1.6% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. JOLTS: Job Openings Rate Jumps to 2007 High; Hires Rate Firms a Bit
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate jumped to 3.3% during June from an unrevised 3.2% in May. The latest level was the highest since June 2007. The job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2014
U.S. Small Business Optimism Improves Slightly; Pricing Remains Firm
The National Federation of Independent Business reported that its Small Business Optimism Index edged up to 95.7 during July, making up half of its June decline. The latest level remained near its highest since September 2007, just [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2014
N.Y. Fed: Consumer Income and Inflation Expectations Slip
Income growth expectations, as measured by the Federal Reserve Bank of New York, deteriorated in July. The 2.2% expectation for next year's earnings growth reversed most of June's improvement, although it remained up slightly from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2014
U.S. Wholesale Inventory Gain Remains Stable; Sales Moderate
Inventories at the wholesale level rose 0.3% last month (7.9% y/y) following a 0.3% May increase, revised from 0.5%. Inventories of durable goods gained 0.7% (8.8% y/y). The rise was led by a 3.2% surge (11.4% y/y) in metal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2014
U.S. Worker Productivity Rebounds; Unit Labor Costs Nudge Higher
Nonfarm productivity increased at a 2.5% annual rate last quarter (1.2% y/y) following a 4.5% Q1 decline, revised from -1.7%. Real output growth of 5.2% (3.2% y/y), rebounding from a 2.4% Q1 drop, was accompanied by a 2.7% increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2014
U.S. Consumers Pull Back Credit Usage
The Federal Reserve Board reported that consumer credit outstanding increased $17.3 billion (6.7% y/y) during June following an unrevised $19.6 billion May rise. Expectations were for an $18.0 billion increase, according to the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2014
U.S. Initial Claims for Jobless Insurance Reach 2006 Low
Job market improvement continues. Initial claims for unemployment insurance fell to 289,000 (-13.7% y/y) during the week ended August 2 from 303,000 in the prior week, earlier reported as 302,000. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2014
U.S. Mortgage Loan Applications Continue To Trend Sideways
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index gained 1.6% last week (-30.0% y/y), making up most of the prior week's decline. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2014
U.S. Trade Deficit Declines as Imports Fall
The U.S. foreign trade deficit during June eased to $41.5 billion from $44.7 billion in May. The deficit was the smallest since January and shallower than consensus estimates for $44.3 billion in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- of1073Go to 446 page