Import prices fell 0.7% last month (-2.0% y/y) following a 0.1% September uptick. Consensus expectations were for a 0.3% decline. A 3.6% drop (-4.1% y/y) in petroleum import prices was accompanied by a 0.1% uptick (-1.3% y/y) in [...]
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| Nov 15 2013U.S. Import and Export Prices Move Lower
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2013
U.S. Industrial Production Total Slips But Factory Output Gains
Industrial production slipped 0.1% during last month (+3.3% y/y) following an unrevised 0.6% September increase. A 0.2% gain had been expected in the Action Economics survey. A 1.1% pullback (-0.8% y/y) in utility output held back [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2013
Empire State Factory Index Weakens Further
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions for November fell to -2.21 from an unrevised 1.52 in October. It was the first negative reading since May and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2013
U.S. Worker Productivity Growth is Steady
Nonfarm business sector productivity matched expectations and grew 1.9% last quarter, roughly the same as during Q2, revised up from no-change. Over the past year, however, worker productivity has been unchanged. Output rose 3.7% last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2013
U.S. Initial Claims for Unemployment Insurance Fall Again
Initial claims for jobless insurance fell to 339,000 (-24.8% y/y) during the week ended November 9 from the previous week's 341,000, revised up from 336,000. Expectations had been for 330,000 claims. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2013
U.S. Trade Deficit Deepens; Shortfall with China Sets Record
The U.S. foreign trade deficit increased sharply to $41.8 billion in September compared to a little-revised $38.7 billion during August. The latest figure was the deepest since May. A $39.0 billion deficit had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Budget Deficit Shrinks; Revenues Jump and Spending Falls
The Federal Government ran a $91.6 billion budget deficit during October of FY 2014. During October of last year the government ran a $120.0 billion deficit. The latest figure compared to the Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Mortgage Loan Applications Retreat as Interest Rates Tick Higher
The Mortgage Bankers Association reported that their total mortgage market index fell 1.8% last week (-46.6% y/y). Applications to refinance existing loans were off 2.3% and remained down by roughly one-half versus November 2012. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Energy Prices Are Under Pressure
Filling up at the gas pump has become less of a traumatic event. The price for a gallon of regular gasoline fell 8 cents last week to $3.19 (-7.4% y/y), the lowest level since February 2011. They're down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Energy Prices Are Under Pressure
Filling up at the gas pump has become less of a traumatic event. The price for a gallon of regular gasoline fell 8 cents last week to $3.19 (-7.4% y/y), the lowest level since February 2011. They're down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2013
U.S. Chicago Fed National Activity Index Holds in Positive Territory
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) improved again. The September reading of 0.14, after 0.13 in August, was the second positive figure following five consecutive negative readings. As a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2013
U.S. Small Businesses Develop a Less Optimistic Economic Assessment
The National Federation of Independent Business reported that its Small Business Optimism Index fell to 91.6 last month. The sharp decline from an unrevised 93.9 in September was to its lowest level since March. The percentage of [...]
by:Tom Moeller
|in:Economy in Brief
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