Weak job growth and rising gasoline prices continued last month to constrain consumer spending. A 0.6% increase in June retail sales was near expectations and followed a little-revised 0.5% gain during May. However, except for a rise [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Jul 14 2009U.S. 'YTD Budget Deficit Broaches $1 Trillion
The U.S. government ran a budget deficit of $94.3 billion last month pulling the deficit during the first nine months of this fiscal year to $1.1 trillion. That compares to a deficit of $286 billion during the first nine months of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2009
U.S. 'YTD Budget Deficit Broaches$1 Trillion
The U.S. government ran a budget deficit of $94.3 billion last month pulling the deficit during the first nine months of this fiscal year to $1.1 trillion. That compares to a deficit of $286 billion during the first nine months of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 13 2009
U.S. Foreign Trade Activity: Recently A Smaller Share of U.S. GDP
Until the current recession started, the U.S. level of foreign trade (exports PLUS imports) was rising sharply with the expansion of the worldwide economy. As a percentage of overall U.S. economic activity, trade was just shy of 30% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 13 2009
U.S. Foreign Trade Activity:Recently A Smaller Share of U.S. GDP
Until the current recession started, the U.S. level of foreign trade (exports PLUS imports) was rising sharply with the expansion of the worldwide economy. As a percentage of overall U.S. economic activity, trade was just shy of 30% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2009
Michigan Consumer Sentiment Slides This Month
Worries about the prospects for the economy and its current position dropped the University of Michigan's July reading of consumer sentiment. The mid-July overall figure fell to 64.6 which was its lowest level since March. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2009
U.S. Import Prices Move Higher Again With Oil Price Gain
U.S. import prices last month continued rising with oil prices. The 3.2% rise was more than Consensus expectations for a 2.1% gain and it more than doubled the unrevised May increase of 1.4%. However, as has been the case, earlier [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2009
U.S. Trade Deficit Shrinks With Recession To Its Lowest Since 1999
The U.S. foreign trade deficit reached its lowest level since 1999 as the recession lowered imports enough to offset the rise in oil prices. The deficit of $26.0B shrank from the revised April level of $28.8B. (Data revisions extend [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 10 2009
U.S. Trade Deficit Shrinks WithRecession To Its Lowest Since 1999
The U.S. foreign trade deficit reached its lowest level since 1999 as the recession lowered imports enough to offset the rise in oil prices. The deficit of $26.0B shrank from the revised April level of $28.8B. (Data revisions extend [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2009
Consumer Credit Usage Falls For An Unprecedented Fourth Straight Month
The consumer continued to deleverage this spring. The Federal Reserve reported late yesterday that consumer credit outstanding during May fell for the fourth straight month and for the eighth month since last summer. The $3.3B decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2009
U.S. Pays $8 Billion In Unemployment Benefits
The current recession started over eighteen months ago and roughly eight billion dollars are being paid each month in unemployment benefits under state programs. For the jobless who have exhausted their unemployment benefits, recent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 09 2009
U.S. Initial Claims For Unemployment Insurance Fall Sharply But Continuing Claims Reach A New Record
The labor market may have given another sign of improvement in the U.S. economy. Initial claims for unemployment insurance fell a surprisingly sharp 52,000 last week to 565,000 after a slightly revised 13,000 decline during the prior [...]
by:Tom Moeller
|in:Economy in Brief
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