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. [...]
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 15 2011U.S. CPI Gains With Energy
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
- Global| Apr 12 2011
U.S. Budget Deficit Expanded In Q2 FY'11
The U.S. Government's budget deficit during the second quarter of FY 2011 totaled $460.4B, according to figures released today by the U.S. Treasury and the Office of Management and Budget. That was greatly expanded from last year's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Petroleum Prices Surge
Petroleum prices have nowhere to go but up. Last week, the pump price for regular gasoline jumped eleven cents to $3.79 per gallon, the highest level since September, 2008 and more-than-double the December, 2008 low of $1.61. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Import Prices Surge With Oil & Food Costs
Surging oil prices lifted overall U.S. import prices last month. Prices jumped 2.7% after an unrevised 1.4% February increase. The gain was stronger than Consensus expectations for a 2.1% rise. It was paced by a 10.5% surge in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Trade Deficit Improves Slightly
The U.S. foreign trade deficit improved during February to $45.8B versus $47.0B in January, revised from $46.3B reported initially. Expectations had been for $44.0B according to Action Economics. Exports fell 1.4% following a 2.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Small Business Optimism Moves Lower
The National Federation of Independent Business indicated that its index of small business optimism fell to 91.9 in March from an unrevised 94.5 in February. The latest was the lowest level since October. Deterioration amongst the [...]
by:Tom Moeller
|in:Economy in Brief
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