In a renewed statement of discouragement, consumer sentiment fell again early in September. The University of Michigan reported that its mid-month reading reversed last month's uptick and fell to 66.6 which was the lowest level since [...]
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| Sep 17 2010Consumer Sentiment Grows Even More Glum
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2010
CPI Steady But Core Prices Decelerate
Higher prices for energy products continued to lift overall consumer price inflation. A 0.3% increase in the August CPI (1.2% y/y) repeated the July performance. That news, however, is where the story of any strength in U.S. pricing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2010
Philly Fed Business Outlook Survey...Improves But Remains Negative
It's of little solace that the latest General Activity Index in the Philadelphia Fed's September Business Outlook Survey bounced up. The reading improved this month to -0.7 from -7.7 in August, but that remained only the second [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2010
Unemployment Insurance Claims Move Modestly Lower
Initial claims for unemployment insurance fell 3,000 last week to 450,000 from an upwardly revised 453,000 in the week prior (originally 451,000). Claims remained the lowest in nine weeks, just before Census-takers began wrapping up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2010
Producer Prices Jump With Higher Energy Costs; Core Prices Are Tame
The August producer price index for finished goods turned in its strongest gain since March with a 0.4% increase following a 0.2% July rise. Nevertheless, the y/y increase eased to 3.0% since the comparison was to strong gains this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2010
Industrial Production's Rise Is Modest As Automakers Scale Back
Last month's modest 0.2% gain in industrial production suffered from lower output of motor vehicles and matched Consensus expectations. However, overall forward momentum has lagged of late. The latest increase followed a downwardly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2010
Import Price Gain Is Firm With Higher Oil Prices
U.S. import prices during August posted their largest one-month increase since April. The 0.6% gain followed a modest 0.1% July uptick that was revised from 0.2%. Consensus expectations had been for a 0.2% gain during last month. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2010
Business Inventory Gain Is Strong
Inventory management continues to turn towards accumulation. Total business inventories rose 1.0% during July following an upwardly revised 0.5% gain during June, changed from 0.3%. A 0.6% gain had been expected. As mentioned by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2010
U.S. Retail Spending Improves For A Second Month Though Q3 Still Weak
Consumers are getting back on their feet. Retail spending rose last month by 0.4% following a little-revised 0.3% July increase. The last was slightly greater-than-expectations for a 0.3% increase and came despite a 0.7% drop in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 13 2010
U.S. Fiscal 'YTD Budget Deficit Narrows Further As Receipts Pick Up
The Federal government ran a budget deficit last month of $90.6 billion pulling the YTD deficit to $1,169 billion. That was diminished from the deficit of $1,267 billion during the first eleven months of FY'09. The deficit's decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2010
U.S. July Trade Deficit Improves Suggesting Some Reversal Of Its Drag On GDP
Foreign trade numbers do bounce around, don't they? The July U.S. foreign trade deficit improved to $42.8B from a little-revised $49.8B in June. That improvement reversed virtually all of the June deepening which helped trade deficit [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2010
U.S. Initial Unemployment Insurance Claims Move Lower Again
The downtrend continues. Initial claims for unemployment insurance fell 27,000 last week to 451,000 from an upwardly revised 478,000 in the week prior (originally 472,000). Claims remained the lowest in nine weeks, just before Census- [...]
by:Tom Moeller
|in:Economy in Brief
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