No need to tell drivers that it's more expensive to hit the road. Last week, the pump price for regular gasoline rose another nickel to $3.84 per gallon, the highest level since August, 2008. The gain has been from the December low [...]
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| Apr 19 2011U.S. Gasoline Prices Strengthen Even More
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2011
U.S. Housing Starts Recover Modestly
It was a rough winter for the housing sector. The latest indication is the only moderate 7.2% m/m rebound in seasonally-adjusted housing starts last month following a 18.5% February plunge. The rise brought the level to 549,000 (AR) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 18 2011
U.S. Home Builders Association Index Remains Low
Spring has done nothing to lift activity in the housing market. The National Association of Home Builders reported that its April index of housing market activity slipped back to 16 from an unrevised 17 in March. Though the latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2011
Empire State Factory Index Reaches Twelve-Month High
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions rose to 21.70, its highest level since April of last year. The figure beat Consensus expectations for a stable reading of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2011
U.S. Factory Sector Improvement Continues
U.S. industrial production jumped 0.9% in March following a revised no-change in February, initially reported as -0.1%. The latest increase roughly matched Consensus expectations for a 0.8% gain according to Action Economics. Improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 15 2011
U.S. CPI Gains With Energy
Higher energy prices raised March inflation as they did in February. The Commerce Department indicated that the Consumer Price Index rose 0.5% in March following a like gain in February. The increase matched Consensus expectations. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2011
U.S. Mortgage Applications Decline
The Mortgage Bankers Association reported that overall mortgage applications fell 6.7% last week to the lowest level since mid-February. Applications to refinance fell 7.7% w/w and were off roughly one-half from the peak last August. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2011
U.S. Initial Claims For Jobless Insurance Rebound To Eight-Week High
In a sign that perhaps labor market improvement has stalled, initial claims for jobless insurance rose to 412,000 last week from 385,000, initially reported as 382,000. The latest figure exceeded Consensus expectations for 378,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 14 2011
U.S. PPI Increase Moderates
The U.S. Producer Price Index for finished goods increased 0.7% last month after the 1.6% jump during February. The March increase was less than the 1.0% Consensus expectation. Less food & energy, however, pricing pressures picked up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2011
U.S. Business Inventory Accumulation Slows
The U.S. Commerce Department reported that business inventories rose a lessened 0.5% in February following a 1.0% January gain, last month reported at 0.9%. A 0.8% gain in inventories had been expected by Bloomberg. The slower rate of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2011
U.S. JOLTS Rate Gains
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the February job openings rate improved to 2.3% from an unrevised 2.1% during January. The latest reading was the highest since April [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 13 2011
U.S. Retail Sales Gain Is Widespread
Total retail & food service sales rose by 0.4% last month following a 1.1% February increase, revised up from 1.0%. Sales have risen for nine consecutive months and the latest increase left the y/y gain firm at 7.1%. The March rise [...]
by:Tom Moeller
|in:Economy in Brief
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