The U.S. foreign trade deficit deepened more than expected in June to $58.8B versus May's deficit of $55.4 which was little revised. Consensus expectations had been for a deficit of $57.2B. Total exports were unchanged for the second [...]
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 12 2005U.S. Trade Deficit Deepened
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
U.S. Budget Deficit in July Reduced
The U.S. federal government budget deficit of $52.8B in July that was somewhat shallower than Consensus estimates. The monthly deficit contrasted with a $69.2B deficit last July and during the first ten months of FY 2005 the deficit [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
U.S. Business Inventories Unchanged
Total business inventories were unchanged in June following an unrevised 0.1% gain in May. The weakness in accumulation lowered the three month change in inventories to 1.4% (AR) versus a 12.1% peak rate of accumulation through last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
Small Business Optimism Rose
The Small Business Optimism Index reported by the National Federation of Independent Business (NFIB) rose a slight 0.3% in July following no change the month prior. During the last ten years there has been a 64% correlation between [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
JOLTS: U.S. Job Openings Improved
The Bureau of Labor Statistics reported that the job openings rate, from the Job Openings & Labor Turnover Survey (JOLTS), improved in June versus May to 2.6%, but 2.6% has been the average so far this year. The job openings rate is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
OECD Leaders Improved
The Leading Index of the Major 7 OECD economies rose in June by 0.5%, the first m/m increase this year. Six month growth in the index also improved to -0.6% from -1.6% during the prior two months. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
Initial Jobless Insurance Claims Down
Initial claims for unemployment insurance reversed all of the prior week's little revised up tick and fell 6,000 to 308,000. Consensus expectations for 315,000 claims. The four week moving average of initial claims declined to 309,250 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
U.S. Retail Sales Disappoint
US retail sales jumped another 1.8% last month, about matching Consensus expectations, following a similar gain in June that was little revised. The figure was a disappointment, however, because without autos and gasoline sales last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2005
U.S. Retail Sales Disappoint
US retail sales jumped another 1.8% last month, about matching Consensus expectations, following a similar gain in June that was little revised. The figure was a disappointment, however, because without autos and gasoline sales last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2005
Mortgage Applications Down With Less Refinancing
Total mortgage applications fell last week for the sixth decline in the last eight weeks according to the Mortgage Bankers Association. The 0.9% w/w decline lowered the starting level in August 5.8% below July which fell 1.4% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2005
Mortgage Applications Down With Less Refinancing
Total mortgage applications fell last week for the sixth decline in the last eight weeks according to the Mortgage Bankers Association. The 0.9% w/w decline lowered the starting level in August 5.8% below July which fell 1.4% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2005
Fed Funds Rate Increased to 3.50%
The Federal Open Market Committee increased the target rate for federal funds an expected 25 basis points to 3.50%. The discount rate also was raised 25 basis points to 4.50%. This latest increase is the tenth since last June. The [...]
by:Tom Moeller
|in:Economy in Brief
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