Initial unemployment insurance claims were steady at 245,000 (-5.0% y/y) in the week ended December 23. Expectations in the Action Economics Forecast Survey had been for 240,000 claims. The four-week moving average edged higher to [...]
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
Global| Dec 28 2017
U.S. Initial Claims for Unemployment Insurance Steady in Dec. 23 Week
Global| Dec 27 2017
U.S. Pending Home Sales Edge Higher in November
The National Association of Realtors (NAR) reported that pending home sales increased 0.2% (0.8% y/y) during November to an index level of 109.5 (2001=100). This followed their 3.5% jump in October. Sales were 3.6% below their recent [...]
Global| Dec 27 2017
U.S. Consumer Confidence Slackens with Softer Expectations
The Conference Board Consumer Confidence Index fell 5.1% in December (7.8% y/y) to 122.1 following a downward revised 1.9% rise in November. This move contrasted with the Action Economics survey forecast of 128.0. The indexes are [...]
Global| Dec 22 2017
U.S. Durable Goods Orders Recover as Aircraft Rebounds
New orders for durable goods rebounded somewhat in November, 1.3% (8.2% y/y), after October's 0.4% decline; that was revised from -1.2% reported initially. Market expectations, evidenced in the Action Economics Forecast Survey, had [...]
Global| Dec 14 2017
U.S. Business Inventories Decrease Slightly as Sales Show Moderate Advance
Total business inventories decreased 0.1% in October (3.5% y/y) after being basically flat in September; the September total was revised downward ever so slightly from its initial report. Total sales at retailers, wholesalers and [...]
Global| Dec 12 2017
U.S. Small Business Optimism Highest Since 1983
Small business optimism in the U.S. rose 3.7 points in November to 107.5 (1986=100), the second highest reading of this index in the 44-year history of the survey conducted by the National Federation of Independent Business; the only [...]
Global| Nov 16 2017
U.S. Import and Export Prices Show Little Change
Import prices rose just 0.2% in October (2.5% y/y) following September's 0.8%, revised to a bit more than the initial 0.7% initially reported. The October increase compared to a 0.4% rise expected in the Action Economics Forecast [...]
Global| Sep 21 2017
PUT NEW TT HERE: U.S. Financial Accounts Exhibit Mixed Pattern of Q1 Borrowing as Total Borrowed Slowed
The Federal Reserve's Financial Accounts data show continued slowing of debt issuance in U.S. financial markets in Q1 2017. The total came to $1,197 billion at a seasonally adjusted annual rate, down from $1,742 billion in Q4. The [...]
Borrowing in U.S. financial markets picked up in Q2 2017, according to the Federal Reserve's Financial Accounts data, which show debt issuance of $2,378 billion at a seasonally adjusted annual rate. This compares to $1,333 billion [...]
Global| Aug 31 2017
U.S. Initial Jobless Claims Rise 1,000; Continuing Claims Hover in Lowest Range since Mid-1970s
Initial applications for unemployment insurance rose to 236,000 (-9.2% y/y) during the week ended August 26 from 235,000 the prior week; that was revised marginally from 234,000 initially reported. Expectations in the Action Economics [...]
Global| Aug 24 2017
U.S. Existing Home Sales Ease, as Prices Also Dip
Sales of existing homes fell 1.3% (+2.1% y/y) during July to 5.440 million units (AR) from a slightly revised 5.510 million in June. It was the lowest volume of sales since August 2016. Expectations were for 5.570 million sales in the [...]
Global| Aug 24 2017
U.S. Initial Unemployment Insurance Claims Edge Up 2,000
Initial unemployment insurance applications rose to 234,000 (-10.0% y/y) during the week ended August 19 from an unrevised 232,000 during the prior week. Expectations in the Action Economics Forecast Survey were for 238,000 claims. [...]
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