Industrial commodity prices recently have retraced gains logged since early-February. The industrial commodity price index, from the Foundation for International Business and Economic Research (FIBER), averaged 165.09 this week, down [...]
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| Jun 20 2014FIBER: Industrial Commodity Prices Pull Back
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2014
U.S. Leading Economic Indicators Continue to Rise
The Index of Leading Economic Indicators, from the Conference Board, improved 0.5% during May (5.9% y/y), the fourth straight month of firm increase. The rise roughly matched expectations in the Action Economics Forecast Survey for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2014
U.S. Initial Unemployment Insurance Claims Decline Along With Jobless Rate
Initial jobless insurance claims declined to 312,000 during the week ended June 14 from 318,000 during the prior week, revised from 317,000. A 314,000 level of claims was expected in the Action Economics Forecast Survey. Claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2014
Philadelphia Fed Business Conditions Index Rebounds to Nine-Month High
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for June improved to 17.8 from 15.4 in May. The figure was the highest since September and beat consensus expectations for a decline to 13.9, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
U.S. Current Account Deficit is Deepest Since Q3 2012
The U.S. current account deficit expanded sharply last quarter to $111.2 billion from $87.3 billion in Q4. It was the largest quarterly deficit since Q3 2012 and represented 2.6% of GDP. The Action Economics Forecast Survey called for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
FOMC Sees Pickup in Economic Growth and Job Creation; Pares Back Bond Purchases Further
At today's meeting of the Federal Open Market Committee, the Fed indicated that the economy, consumer spending, business investment and job creation each had improved. Two caveats, however, regarding growth were offered: the housing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
U.S. Mortgage Loan Applications Decline as Interest Rates Move Up
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 9.2% last week (-45.8% y/y) and reversed the prior week's gain. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
U.S. Current Account Deficit is Deepest Since Q3 2012
The U.S. current account deficit expanded sharply last quarter to $111.2 billion from $87.3 billion in Q4. It was the largest quarterly deficit since Q3 2012 and represented 2.6% of GDP. The Action Economics Forecast Survey called for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2014
U.S. Crude Oil Prices Strengthen
The per barrel cost of WTI crude oil increased last week to $105.59 (9.6% y/y), the highest level since last September. The seasonally adjusted price of $105.19 per barrel, generated by Haver Analytics, remained up sharply from $92.19 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2014
U.S. Housing Starts Lose Upward Momentum
Housing starts during May declined 6.5% to 1.001 million (+8.0% y/y from 1.071 million in April, revised from 1.072 million. The latest figure fell short of expectations for 1.028 million starts in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2014
U.S. Consumer Price Index Reflects Broad-Based Strength
Consumer prices increased 0.4% (2.1% y/y) in May, the largest increase since February 2013. The reading easily beat consensus expectations for a 0.2% rise in the Action Economics Forecast Survey. Consumer prices excluding food and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2014
U.S. Industrial Output Records Strong Increase
Industrial output in the U.S. increased 0.6% last month (4.3% y/y) following a 0.3% April decline, revised from -0.6%. A 0.5% gain in total production was expected in the Action Economics Forecast Survey. Production in the factory [...]
by:Tom Moeller
|in:Economy in Brief
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