The U.S. Producer Price Index for finished goods increased another 0.8% last month after a 0.9% December advance, initially reported as 1.1%. Earlier figures reflect benchmark revisions and the latest increase matched Consensus [...]
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| Feb 16 2011U.S. PPI Jumps Again
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 16 2011
U.S. Housing Starts Snap Back
Despite severe winter storms last month, home building activity improved. Total housing starts rose 14.6% in January to 596,000, the highest level since September. The increase followed a 5.1% December decline that was deeper than the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2011
U.S. Home Builders Association Index Remains Unchanged
The National Association of Home Builders reported that their February index of housing market activity held at 16 for the fourth consecutive month; the average for all of 2010. The latest figure remained above the all-time low of 8 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2011
U.S. Business Inventory Accumulation Recovers
The rate of business inventory accumulation picked back up in December. The 0.8% gain was double the 0.4% November increase, revised from 0.2%. During the last three months, inventories rose at an 8.0% annual rate versus the Q3 peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2011
Empire State Factory Index Increases Again
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions improved further to 15.43, the highest since June of last year. The figure roughly equaled Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2011
U.S. Import Prices Firm
U.S. import prices showed broad-based strength. During January, prices jumped another 1.5% after an upwardly revised 1.2% December increase, initially reported as 1.1%. The increase was stronger than Consensus expectations for a 0.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 15 2011
U.S. Retail Sales Gain Disappoints
January consumer spending lost forward momentum. Retail and food service sales rose 0.3% last month after a 0.5% December increase that was revised from 0.6%. Sales have risen for seven consecutive months; however, the latest was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 14 2011
Commodity Prices: Are They A Harbinger of Inflation or Real Growth?
Consumer price inflation has been under control of late with both the overall CPI (1.4%) and the core inflation rate (0.6%) at their lowest since the mid-1960s. A popular harbinger of inflation, however, is the price of gold and it is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2011
U.S. Consumer Sentiment Firms Again
The improved job market coupled with low prices seem to be buoying consumers' spirits. The mid-February reading of consumer sentiment from the University of Michigan rose to 75.1 and more-than recovered its January decline to an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2011
U.S. Trade Deficit Deteriorates Due To Higher Oil Prices
The U.S. foreign trade deficit deepened during December to $40.6B versus a little-revised $38.3B in November $38.3B. Consensus expectations had been for $40.0B. For the full year, the deficit deepened to $497.8B. Exports gained 1.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 10 2011
U.S. Initial Claims For Jobless Insurance Fall To Lowest Since 2008
Initial claims for unemployment insurance fell sharply last week to 383,000, the lowest level since October 2008. The prior week's level was revised up slightly to 419,000 from 415,000. The decline was greater than expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 09 2011
U.S. Mortgage Applications Decline As Interest Rates Rise
The Mortgage Bankers Association reported that overall mortgage applications fell 5.5% last week and reversed the prior week's increase. The decline left applications near the lowest level since 2008. Applications to refinance a [...]
by:Tom Moeller
|in:Economy in Brief
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