The preliminary reading of April consumer sentiment from the University of Michigan fell another 9.1% m/m to 63.2. Consensus expectations had been for a lesser decline to 69.0. The decline dropped sentiment to near its lowest level [...]
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| Apr 11 2008Michigan Consumer Sentiment Down Yet Again
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2008
U.S. Total Import Prices Surged, Ex. Oil Jumped
Overall import prices surged 2.8% last month. Except for a 3.2% jump last November, the gain was the largest since 1990 and by far outpaced Consensus expectations for a 0.2% uptick. Petroleum prices rose 9.1% as crude oil prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2008
U.S. March Budget Deficit Shallower, 2008 FYTD Deeper
The U.S. government ran a budget deficit of $48.1B during March, down from last year's March deficit of $96.3B. Despite that decline, for the first six months of FY08 the government ran a budget deficit of $311.4B, up sharply from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 11 2008
U.S. March Budget Deficit Shallower, 2008 FYTD Deeper
The U.S. government ran a budget deficit of $48.1B during March, down from last year's March deficit of $96.3B. Despite that decline, for the first six months of FY08 the government ran a budget deficit of $311.4B, up sharply from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2008
U.S. Trade Deficit Surprisingly Deeper in February
The U.S. foreign trade deficit widened surprisingly to $62.3B from 59.0B in January which was only slightly revised. Consensus expectations had been for a shallower deficit of $57.5B during February. Much of the surprise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2008
U.S. Initial Jobless Insurance Claims Fell Sharply
Initial unemployment insurance claims last week retraced all of the prior period's surge. The 53,000 decline to 357,000 followed a little revised 39,000 rise during the prior week and dropped claims to their lowest level since early [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2008
U.S. Trade Deficit Surprisingly Deeper in February
The U.S. foreign trade deficit widened surprisingly to $62.3B from 59.0B in January which was only slightly revised. Consensus expectations had been for a shallower deficit of $57.5B during February. Much of the surprise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2008
U.S. Pending Home Sales Fell As Expected in February
For February, the National Association of Realtors reported that the level of pending sales of existing homes fell 1.9% after having been roughly unchanged in January. The latest reading was as expected and it was down 11.6% from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2008
JOLTS: Job Openings & Hire Rates Still in Decline
The Bureau of Labor Statistics reported in the Job Openings & Labor Turnover Survey (JOLTS) that for February, the job openings rate was unchanged from the prior month at 2.7%. The 2008 figures continued down from 2007 and from 2006. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2008
JOLTS: Job Openings & Hire Rates Still in Decline
The Bureau of Labor Statistics reported in the Job Openings & Labor Turnover Survey (JOLTS) that for February, the job openings rate was unchanged from the prior month at 2.7%. The 2008 figures continued down from 2007 and from 2006. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2008
U.S. Small Business Optimism Lowest Since 1980
According to the National Federation of Independent Business (NFIB), small business optimism during March fell to the lowest level since 1980. The 3.6% m/m decline to a reading of 89.6 followed a modest 1.2% February rise. The drop [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2008
U.S. Consumer Credit Growth Eased in February
Consumer credit outstanding rose $5.1B during February, roughly half the gain posted for January. The weak rise lowered three month growth in credit to 2.8% (AR) which, due to slower growth in consumer spending, was half the rate of [...]
by:Tom Moeller
|in:Economy in Brief
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