The upcoming summer driving season is lending strength to petroleum prices. The price of regular gasoline gained six cents last week to $3.60 per gallon yet it's still 4.0% lower than last year. Prices reached a peak of $3.78 per [...]
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| May 14 2013U.S. Gasoline and Crude Oil Prices Continue To Rebound
by:Tom Moeller
|in:Economy in Brief
Global| May 14 2013U.S. Import and Export Prices Fall Further
Prices in the U.S. foreign trade sector weakened further last month. Import prices fell 0.5% (-2.6% y/y) during April after a 0.2% March decline, earlier reported as -0.5%. The Action Economics survey looked for a 0.4% drop in prices. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 14 2013U.S. Small Business Optimism Reaches Six Month High
Small business optimism rebounded last month and more-than-recovered its March weakness. The National Federation of Independent Business reported that its Small Business Optimism Index jumped during April to a seasonally adjusted 92.0 [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 13 2013U.S. Business Inventories Are Roughly Unchanged
Total business inventories were roughly unchanged during March (4.5% y/y) for the second consecutive month. The figure was accompanied by a 1.1% drop (+1.8% y/y) in business sales which reversed the prior month's increase. As a [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 13 2013U.S. Retail Sales Edge Higher Despite Lower Gasoline Prices
There was broad-based improvement in retail purchases last month. Retail sales during April nudged up 0.1% (3.7% y/y) following a 0.5% slip in March, earlier reported as -0.4%. Earlier numbers also were revised. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 10 2013U.S. Budget Improves Meaningfully
The Federal Government ran a budget surplus during April of FY'13 of $112.9B, twice the surplus during April of last year. The figure slightly exceeded consensus expectations for a surplus of $95.0B. So far this fiscal year the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 09 2013U.S. Wholesale Inventories Increase as Sales Move Lower
Inventories at the wholesale level rose 0.4% (4.7% y/y) during March following a 0.3% slip in February. Inventories of hardware, plumbing and heating equipment led the rise with a 2.1% gain (8.3% y/y) while apparel inventories were up [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 09 2013U.S. Initial Unemployment Insurance Claims Continue Downward
Momentum behind the labor market's improvement is building. Initial claims for unemployment insurance fell to 323,000 (-11.7% y/y) during the week ended May 4 from a revised 327,000 during the prior week, initially reported as [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 08 2013U.S. Mortgage Applications Jump With More Refinancings
Lower interest rates are strengthening activity in the home mortgage market. The index of total mortgage applications from the Mortgage Bankers Association jumped 7.0% last week and by one-third versus last year. The rise reflected an [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 08 2013U.S. Chain Store Sales Back Away From Historic High
The consumer took a break from spending more at the mall last week. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales fell 1.0% (+2.4% y/y). As a result, store sales began the month of May [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2013U.S. Consumer Credit Growth Slackens, For Now
Following many months of double-digit gains, consumer credit growth calmed down in March, according to the Federal Reserve. Nevertheless, the $8.0B monthly rise still left the annual gain close to its strongest since early-2008. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2013U.S. JOLTS: Job Openings Rate Remains Firm But Hiring Lags
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the March job openings rate held m/m at 2.8%. The latest remained the highest since June of last year and equaled the recovery high. The [...]
by:Tom Moeller
|in:Economy in Brief
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