The overall final demand PPI slipped 0.1% in February (+0.9% y/y) following a 0.2% gain in January. Producer prices excluding food & energy declined 0.2% (+1.1 y/y), the first decline in six months. Final demand prices for goods (35% [...]
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| Mar 14 2014U.S. Producer Price Index Slips
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Budget Deficit is Reduced by Revenue Strength and Outlay Weakness
The Federal Government posted a $193.5 billion budget deficit during February of FY 2014. The latest figure was smaller than the Action Economics Forecast Survey expectation of a $215.0 billion deficit. In the first five months of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Business Inventories Continue to Post a Firm Increase
Total business inventories increased 0.4% in January (3.9% y/y) after a 0.5% December rise. These gains were accompanied a 0.9% decline (+2.5% y/y) in business sales after December's 0.1% slip. As a result, the inventory-to-sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Import Prices Increase With Higher Oil Prices
Import prices increased 0.9% during February following a 0.4% January gain, revised from 0.1%. A 0.5% rise had been expected in the Action Economics survey. A 4.4% jump (-2.6% y/y) in petroleum prices added to an easier 0.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Initial Unemployment Insurance Claims Fall to the Lowest Level Since November
In another sign of labor market improvement, initial claims for unemployment insurance fell to 315,000 during the week ended March 8 from 324,000 in the prior week, initially reported as 323,000. The latest level was the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2014
U.S. Retail Sales Post a Modest Rebound
Retail spending recovered 0.3% last month (1.5% y/y) following a 0.6% January decline, revised from -0.4%. The latest gain roughly matched the 0.2% rise expected in the Action Economics Forecast Survey. A 0.3% improvement (2.2% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 12 2014
U.S. Mortgage Loan Applications Remain Depressed
The Mortgage Bankers Association indicated that their total mortgage market index fell 2.1% last week (-54.7% y/y) following an upturn in the prior period. Applications remained 63.4% lower than the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2014
U.S. Gasoline, Crude Oil and Natural Gas Prices Move Higher
Prices in the energy complex firmed last week. The price for a gallon of regular gasoline increased to $3.51 (-5.3% y/y) last week, up 22 cents from the low four weeks ago. Nevertheless, prices remained below the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2014
U.S. JOLTS: Job Openings and Hires Rates Are Stable
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate held at 2.8% versus an unrevised 2.8% in December. Earlier figures were revised slightly. The rate has moved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2014
U.S. Small Businesses Optimism Dampened By Many Uncertainties
The National Federation of Independent Business reported that its Small Business Optimism Index declined sharply to 91.4 during February from 94.1 in January. The latest figure was the lowest since March of last year and was down 3.2% [...]
by:Tom Moeller
|in:Economy in Brief
Food price increases in 2013 roughly equaled the gain in prices for other goods and services. Overall food prices rose 1.4% last year and for several months, the gain lagged the total. This was, however, a break with the trend in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2014
U.S. Consumer Credit Growth Remains Firm
The Federal Reserve Board reported that consumer credit outstanding increased $13.7 billion (5.8% y/y) during January following a $15.9 billion December gain, revised from $18.8 billion. The increase roughly matched expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
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