Personal income rose 0.4% in November (4.2% y/y) after October's 0.3%, revised modestly from 0.2%. The November increase was slightly below expectations in the Action Economics Forecast Survey for a 0.5% gain. Wages & salaries were up [...]
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 23 2014U.S. Personal Income Has Moderate Gain, Spending Is Up 0.6% in November
- Global| Dec 23 2014
U.S. Durable Goods Orders Show Unexpected Decline
New orders for durable goods fell 0.7% in November (+0.3% y/y) after rising 0.3% in October, which was marginally revised from 0.4%. The November decline confounded expectations for a 3.0% gain in the Action Economics Forecast Survey. [...]
- Global| Dec 11 2014
U.S. Business Inventory Growth Eases in October Despite a Downtick in Sales
Total business inventories rose 0.2% in October (4.8% y/y) after September's 0.3% increase, which was unrevised. Total business sales edged down 0.1% (+3.4% y/y) following their flat performance in September and August's 0.5% decline. [...]
- Global| Dec 05 2014
U.S. Trade Deficit Steadies as Exports and Imports Both Rise
The U.S. foreign trade deficit in goods and services narrowed slightly to $43.4 billion in October from a modestly revised $43.6 billion in September. Expectations in the Action Economics Forecast Survey were for $41.6 billion. [...]
- Global| Nov 26 2014
U.S. Durable Goods Orders Boosted by Defense Aircraft
New orders for durable goods rose 0.4% during October (+5.5% y/y) following a 0.9% fall in September, revised from -1.3%. The October increase countered expectations for a 0.6% decline in the Action Economics Forecast Survey. The [...]
- Global| Nov 20 2014
U.S. Existing Home Sales Continue Improvement
Sales of existing single-family homes rose 1.5% to 5.260 million (AR, +2.5% y/y) in October from 5.180 million in September, a slight revision from 5.170 million reported before. Sales were 2.2% below their recent high in July 2013. [...]
- Global| Nov 20 2014
U.S. Existing Home Sales Improve As Prices Fall Sharply
Sales of existing single-family homes rose 2.4% to 5.170 million (AR, -1.7%) during September from an unrevised 5.050 million in August. Sales were 3.9% below the peak reached last July. The latest level beat expectations for 5.10 [...]
Total business inventories rose 0.2% in August (5.7% y/y) after an unrevised 0.4% rise in July. Total sales, though, fell 0.4% in August (4.5% y/y) following 0.7% in July, which was revised slightly from 0.8% reported initially. The [...]
- Global| Oct 03 2014
U.S. Trade Deficit Steady in August
The U.S. foreign trade deficit in goods and services narrowed marginally in August to $40.1 billion from $40.3 billion in July. That month had edged in from $40.8 billion in June. The Action Economics consensus expectation looked for [...]
- Global| Sep 18 2014
U.S. Financial Accounts Show Overall Pickup in Credit Market Borrowing
The Federal Reserve's financial accounts data (formerly known as the "flow of funds") for Q2 show total credit market borrowing at $2.32 trillion annual rate, up from $1.56 trillion in Q1. That earlier period is revised from $2.00 [...]
- Global| Sep 04 2014
U.S. ADP Employment Increase Eases Slightly
Private sector employment growth eased a bit more last month, but at 204,000 in the ADP/Moody's National Employment Report, it held to the moderate growth range of the last six months. The y/y increase was 2.2%, extending a steady [...]
- Global| Sep 04 2014
U.S. Initial Unemployment Claims Stay in Tight Range
Initial claims for jobless insurance during the week ended August 30 rose to 302,000 from 298,000 in the prior week, which was unrevised. The Action Economics Forecast Survey participants expected 300,000 in the latest week. The four- [...]
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