The Philadelphia Federal Reserve Bank's General Business Conditions Index rose in March to its highest level since last April. The index rose to 12.5 from 10.2 in February and the figures have been positive for six consecutive months. [...]
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 15 2012Philadelphia Fed Business Activity Index Moves Up
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
Empire State Factory Index Improves Further
The Empire State Factory Index of General Business Conditions for March rose to 20.21 from February's unrevised 19.53. The Federal Reserve Bank of New York indicated that the index remained at its highest level since June 2010. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
U.S. Initial Jobless Insurance Claims Return to Four Year Low
Initial claims for unemployment insurance fell sharply during the week ended March 10 to 351,000 from 365,000 during the previous period, initially estimated at 362,000. Claims averaged 355,750 (-8.4% y/y) during the last four weeks. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2012
U.S. PPI Picks Up; Core Moderates
The producer price index for finished goods rose 0.4% during February, the strongest increase since last September. Consensus expectations had been for a 0.5% rise, according to the Action Economics survey. Core pricing power eased. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2012
U.S. Current Account Deficit Deteriorates Slightly
The U.S. current account deficit rose last quarter to $124.1B from $107.6B in Q3 as a modest gain in imports outpaced a slight export decline. Consensus expectations were for $114.2B in Q4. The ratio to GDP last quarter was 3.2%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2012
U.S. Mortgage Applications Fall With Less Refinancing
The index of total mortgage applications fell 2.4% last week to 736.5 (+44.2% y/y), down for the fifth consecutive week. Applications to refinance fell 4.1% (+65.0% y/y), down for the fourth straight week. Conversely, applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2012
U.S. Business Inventory Growth Continues Moderate
Yesterday, the U.S. Commerce Department reported that business inventories rose 0.7% during January following an upwardly revised 0.6% December gain. Business sales increased a more moderate 0.4% after a 0.9% December rise. As a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2012
U.S. Import Prices Again Firm Due To Oil
U.S. import prices rose 0.4% (5.5% y/y) last month after a revised no change during January, initially pegged as 0.3%. A 0.6% February rise had been expected. Year-to-year, higher oil prices and the lower value of the dollar raised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2012
FOMC Assessment of Economy Improves; Rates To Stay Low
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| Mar 13 2012
U.S. Gasoline Prices Move Higher While Natural Gas Plunges
Regular gasoline prices rose another four cents last week to $3.83 per gallon. Reduced seasonal demand typically fosters lower gasoline prices this time of year, and they haven't followed the norm. Haver Analytics' seasonally-adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2012
U.S. Small Business Optimism Nears Recovery High
The National Federation of Independent Business indicated that its February index of small business optimism was 94.3 versus 93.9 in January. The latest was the highest in a year and the best since December 2007. The percentage of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2012
U.S. JOLTS: Job Openings Ease
Recent labor market improvement hesitated as indicated by the slip in the January job openings rate. The figure slipped to 2.5% from the recovery's high of 2.6%. The figures in the Bureau of Labor Statistics Job Openings & Labor [...]
by:Tom Moeller
|in:Economy in Brief
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