Price inflation at the wholesale level is virtually nonexistent. The Producer Price Index for finished goods slipped 0.1% last month (+0.7% y/y) following an unrevised 0.2% October decline. A 0.1% uptick had been expected in 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 13 2013U.S. Producer Price Index Slips With Energy Price Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2013
U.S. Import Prices Decline Further
Import prices declined 0.6% (-1.5% y/y) last month, the same as during October. A 0.7% drop had been expected. The 3.5% drop (-2.8% y/y) in petroleum prices, roughly the same as in October, accounted for last month's fall in overall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2013
U.S. Business Inventories Continue to Climb
Total business inventories increased 0.7% in October (3.6% y/y) following a 0.6% September gain. These inventories accompanied a 0.5% rise in business sales (3.9% y/y) after September's 0.3% increase. As a result, the inventory-to- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2013
U.S. Initial Unemployment Insurance Claims Rebound
Initial claims for unemployment insurance bounced up to 368,000 last week (4.0% y/y) following 300,000 during the week ended November 30, revised from 298,000. The rise outpaced consensus expectations for 320,000 claims and the four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2013
U.S. Retail Sales Gain is Strongest Since June
Retail sales gained strength during November as new cars were bought and as consumers dined out more. Retail spending firmed 0.7% (4.7% y/y) following a 0.6% October advance, revised up from 0.4%. A 0.6% rise had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2013
U.S. Budget Deficit Falls; Revenues Advance as Outlays Decline
The Federal Government ran a $135.2 billion budget deficit during November of FY 2014, down from the $172.1 billion deficit during November of last year. The latest figure compares to the Action Economics Forecast Survey expectation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2013
U.S. Mortgage Loan Applications Remain Depressed While Rates Rise
The Mortgage Bankers Association reported that their total mortgage market index edged 1.0% higher last week (-57.5% y/y) but remained at nearly the lowest level since late-2008. Applications to refinance existing loans gained 2.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Chain Store Sales Fall Sharply Again
Sales at chain stores remain weak. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales fell 1.6% (+1.5% y/y) last week following a 2.8% drop during Thanksgiving week. The decline follows a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. JOLTS: Job Openings Rate Holds Steady But Hires Slip
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the October job openings rate held m/m at 2.8%. That nevertheless was up from 2.6% twelve months earlier The job openings rate is the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Gasoline Prices Are Stable But Crude Oil Costs Rise
The price for a gallon of regular gasoline prices held at $3.27 (-2.4% y/y) last week. Still, prices were down 13.5% versus the $3.78 per gallon peak reached late in February. Much of the decline reflects less driving this time of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Small Businesses Lack Enthusiasm Near Yearend
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 92.5 during November. That recouped, however, just a piece of its sharp October decline to an unrevised 91.6. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Small Businesses Lack Enthusiasm Near Yearend
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 92.5 during November. That recouped, however, just a piece of its sharp October decline to an unrevised 91.6. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
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