- Gasoline prices decline an 11th consecutive week.
- But crude oil prices edge slightly higher.
- Natural gas prices reach highest level in 18 months.
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
USA| Aug 30 2022U.S. Energy Prices Mixed, with Continuing Relief in Gasoline
USA| Aug 26 2022U.S. Personal Income & Spending Slow in July, but So Does the Month-to-Month Inflation
- Nominal income and spending rise less than expected.
- PCE price index actually declines slightly in July.
- Income gains led again by wages & salaries.
USA| Aug 25 2022U.S. Unemployment Claims Continue Modest Downtrend
- Initial claims down 2,000 in week ended August 20; previous week revised down 5,000.
- Continued weeks claimed down 19,000 in the August 13 week.
- The insured unemployment rate still holding in recent record low range.
USA| Aug 18 2022U.S. Unemployment Claims Slightly Lower
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Initial claims eased by 2,000; previous week revised down 10,000.
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Continued weeks claimed rose 7,000 in the August 6 week.
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The insured unemployment rate holds in recent record low range.
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USA| Aug 17 2022U.S. Mortgage Applications Turned Down
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Applications for purchase loans declined for a second week.
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Refinancing applications decreased after rising.
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Rates eased on 30-year mortgages, but rose on 15-year loans.
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USA| Jul 29 2022U.S. Employment Costs Advance 5.1% Over a Year Ago
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Wage & salaries are somewhat stronger in Q2.
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Benefits moderate in Q2 after Q1 surge.
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USA| Jul 27 2022U.S. Mortgage Applications Decrease for a Fourth Straight Week
• Purchase & refinancing applications both decline again.
• Fixed-rate mortgage rates ease modestly; other rates also little changed.
USA| Jul 26 2022U.S. FHFA House Price Advance Moderates Slightly in May
• House prices rose "just" 1.4% in the month, but maintain strong year-to-year pace.
• Prices gain in every region, though Pacific and Mid Atlantic slow noticeably.
• General business activity lowest since May '20; future general business activity rebounds.
• Production up slightly in July; new orders down again.
• Prices received and prices paid still strong, but noticeably less than in June.
USA| Jul 15 2022Empire State Manufacturing Index Rises Back Above Zero
• Shipments increase at more companies.
• New orders have modest net improvement.
• Share of companies paying higher prices still high but shows some easing.
USA| Jul 14 2022U.S. Initial Unemployment Claims Up Again
• Initial claims increased 9,000 to 244,000 in the July 9 week.
• But continued claims eased 41,000 in the July 2 week.
• The insured unemployment rate returned to record low of 0.9%.
USA| Jun 15 2022U.S. Mortgage Applications Rebound in June 10 Week
- Both purchase and refinance loan applications increased.
- Both fixed rate and adjustable rate loan applications increased.
- Interest rate on 30-year fixed rate loan highest since November 2008.
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