The rebound in industrial sector output from Hurricane Sandy totaled 1.1% (2.5% y/y) last month following a deepened 0.7% October decline, last month reported as -0.4%. The Fed indicated that virtually all of last month's increase 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| Dec 14 2012U.S. Industrial Output Recovers After Sandy, But The Trend Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2012
U.S. Consumer Prices Move Lower With Another Drop In Energy Prices
Consumers continue to see a decline in sellers' pricing power. The consumer price index for November fell 0.3% (+1.8% y/y) following a 0.1% October uptick. A 0.2% decline had been expected. The decline owed to a 4.1% drop (+0.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2012
U.S. Business Inventories Continue To Accumulate
Business inventories rose a slower 0.4% (5.7% y/y) during October following a 0.6% September rise. Factory inventories ticked up just 0.1% (3.1% y/y). The slower 0.6% gain in merchant wholesalers inventories reflected a 3.1% decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2012
U.S. PPI Declines Again With Lower Energy Prices
The producer price index for finished goods fell 0.8% last month after an unrevised 0.2% October drop. The latest decline contrasted with expectations for a 0.5% drop. Prices excluding food & energy ticked up 0.1% versus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2012
U.S. Initial Claims for Unemployment Insurance Decline After Storm's Effect
Initial claims for jobless insurance fell further last week with the passage of Hurricane Sandy. Claims dropped during the week ended December 8 to 343,000 from 372,000 in the prior period, initially reported as 370,000. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2012
U.S. Retail Sales Restrained By Lower Gas Prices
Total retail sales recovered 0.3% last month following an unrevised 0.3% October decline. A 0.4% rise November sales had been expected according to Action Economics. Retail sales were unchanged excluding autos, as expected, for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2012
FOMC Will Continue Accommodative Policy and Asset Purchases
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent". The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2012
U.S. Mortgage Applications Jump; Lower Rates Spur Refinancings
The Mortgage Bankers Association index of total mortgage applications jumped 6.2% last week (37.5% y/y) after a 4.5% rise during the prior week. The rise was paced by an 8.0% surge (46.7% y/y) in applications to refinance an existing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2012
U.S. Gasoline Prices Are Down Again As Crude Oil Prices Fall
The pump price for a gallon of regular gasoline declined four cents last week (+1.9% y/y) to $3.35 per gallon. Since their September peak, prices have fallen fifty three cents per gallon. The norm for this time of year of less driving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2012
U.S. Import Prices Ease With Lower Oil Prices
Declines in petroleum prices lowered overall U.S. import costs by 0.9% last month and by 1.6% y/y. That followed a 0.3% October rise, initially reported as 1.5%. The Action Economics survey looked for a 0.5% fall. Petroleum prices led [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2012
U.S. Chain Store Sales Continue Lower
Consumer spending is under pressure according to the latest report from the International Council of Shopping Centers and Goldman Sachs. Chain store sales fell 0.7% last week and added to the 3.1% drop during the prior period. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2012
U.S. Small Business Optimism Evaporates
The National Federation of Independent Business indicated that its November Index of Small Business Optimism collapsed to 87.5 from 93.1 in October. The figure was its lowest since March 2010. A net negative 35% of firms expected the [...]
by:Tom Moeller
|in:Economy in Brief
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