The US current account deficit narrowed last quarter to $174.1 billion from a slightly revised $180.9 billion during 2Q. The 3Q deficit was shallower than the Consensus expectation for a reading of $179 billion. As a percentage of GDP [...]
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| Dec 17 2008U.S. Current Account Deficit in 3Q'08 Narrowed
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
U.S. Housing Downdraft Intensifies
Housing starts fell even further last month. The level of 625,000 units (SAAR) was the lowest in the series' history which dates back to 1959. It followed a downwardly revised October figure of 771,000. Consensus expectations had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
FOMC Cut Funds Rate to Near 0%
The Federal Open Market Committee today cut the Federal funds rate more than expected to a "range from 0 to 1/4 percent." The discount also was cut to 0.50%. The latest Fed funds rate was its lowest ever. While the latest action was a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
U.S. Gasoline Prices Down Again
Regular gasoline prices continued lower, according to the U.S. Department of Energy survey. The latest price of $1.66 per gallon was down four cents per gallon from the prior week and was down from $4.11 per gallon early this past [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
U.S. CPI Fell By A Record 1.7%
The consumer price index (CPI-U) fell by a record 1.7% during November versus October, according to the Bureau of Labor Statistics. Indeed, the decline was the greatest in the series' history which dates back to 1947. The latest fall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
U.S. Housing Downdraft Intensifies
Housing starts fell even further last month. The level of 625,000 units (SAAR) was the lowest in the series' history which dates back to 1959. It followed a downwardly revised October figure of 771,000. Consensus expectations had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2008
FOMC Cut Funds Rate to Near 0%
The Federal Open Market Committee today cut the Federal funds rate more than expected to a "range from 0 to 1/4 percent." The discount also was cut to 0.50%. The latest Fed funds rate was its lowest ever. While the latest action was a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2008
U.S. NAHB Housing Market Index Stable At A Record Low
The National Association of Home Builders' (NAHB) indicated that its December Composite Housing Market Index remained stable m/m at a reading of 9. The latest level was the lowest in the series' history which extends back to 1984 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2008
U.S. Empire State Index Remained Negative; Prices Paid Index Lower Still
The Empire State Index of manufacturing actor activity for December, reported by the Federal Reserve Bank of New York, remained as negative as it was during the prior month. At -25.73 the index was the lowest in the series' short [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2008
U.S. Factory Output Off As Recession Worsens
Industrial production fell 0.7% during November after a revised 1.5% rise (initially reported at 1.3%) during October. That earlier increase was lifted by recoveries from Hurricanes Gustav & Ike and an end to the strike at Boeing. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2008
U.S. Factory Output Off AsRecession Worsens
Industrial production fell 0.7% during November after a revised 1.5% rise (initially reported at 1.3%) during October. That earlier increase was lifted by recoveries from Hurricanes Gustav & Ike and an end to the strike at Boeing. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2008
Michigan Consumer Sentiment Recovered Slightly
The mid-December reading of consumer sentiment from the University of Michigan recovered slightly from the the dismal November level. At 59.1 the figure was up 6.9% from November and it was the highest level since September. It still [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 758 page