For August, the Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions was positive and at its highest level in two years. The latest reading of 12.08 compares to sharply negative [...]
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| Aug 17 2009Empire State Factory Conditions Improve To Highest Level in Two Years
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2009
Michigan Consumer Sentiment Declines As The Reading of Personal Finances Falls To A Record Low
Worries about personal finances and the shape of the U.S. economy persisted this month. The University of Michigan's early-August reading of consumer sentiment fell to 63.2 from 66.0 during July and was down for the third consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2009
U.S. Factory Production Improves Sharply With Higher Auto Output
A consistent indicator of turning points in the U.S. economy has been industrial output. And last month it signaled growth. Industrial output, which includes mining and utilities, rose a greater-than-expected 0.5% during July after an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2009
CPI Decline Revisits 1950 As Core Price Gain Slows To Smallest Since 2004
Deflation is much too strong a word to describe all of the pieces of the current pricing environment, but it appropriately denotes the CPI total and some of its components. Last month, the CPI matched Consensus expectations and was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 14 2009
CPI Decline Revisits 1950 As CorePrice Gain Slows To Smallest Since 2004
Deflation is much too strong a word to describe all of the pieces of the current pricing environment, but it appropriately denotes the CPI total and some of its components. Last month, the CPI matched Consensus expectations and was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2009
U.S. Import Prices Decline With Drop In Oil And Other Prices
U.S. import prices last month declined a slightly more-than-expected 0.7%. Prices have fallen sharply since last year due to lower oil prices, the firmer dollar and the global economic recession. The recent gain in petroleum prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2009
U.S. Weekly Claims for Unemployment Insurance Rise Unexpectedly but the Trend Is Still Down
The latest figures from the Labor Department indicate that initial claims for unemployment insurance increased slightly to 558,000 last week after an upwardly revised 554,000 during the prior week. For all of July, claims fell 9.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2009
U.S. Retail Sales Post Surprising, Across-the-Board Declines
Price discounting apparently wasn't enough last month to entice consumers to open their wallets and spend. July retail sales slipped 0.1% after an upwardly revised 0.8% June increase that was fueled by higher gasoline prices. The July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 13 2009
U.S. Retail Sales Post Surprising, Across-the-Board Declines
Price discounting apparently wasn't enough last month to entice consumers to open their wallets and spend. July retail sales slipped 0.1% after an upwardly revised 0.8% June increase that was fueled by higher gasoline prices. The July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2009
FOMC Leaves Rates Unchanged; Notes Financial Market Improvement & Retail Spending Stabilization
In an anticipated and unanimous vote, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The discount rate also was left unchanged at 0.5%. The Fed funds rate remained the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2009
U.S. Trade Deficit Remains Near The Narrowest Since 2001
As the U.S. recession continued, the foreign trade deficit remained near its narrowest level 2001. The deficit of $27.0B was just slightly deeper than the unrevised May level of $26.0B. Consensus expectations had been for a deficit of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 12 2009
U.S. Trade Deficit Remains NearThe Narrowest Since 2001
As the U.S. recession continued, the foreign trade deficit remained near its narrowest level 2001. The deficit of $27.0B was just slightly deeper than the unrevised May level of $26.0B. Consensus expectations had been for a deficit of [...]
by:Tom Moeller
|in:Economy in Brief
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