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 [...]
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| Oct 03 2014U.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- [...]
- Global| Sep 03 2014
U.S. Energy Prices Change Little, Remain Sluggish
The price for a gallon of regular gasoline inched up in the week ended Monday to an average of $3.459 from $3.454 the week before; the latest was off 4.1% y/y. These prices are usually firmer during the week of Labor Day, and this [...]
- Global| Aug 01 2014
U.S. Personal Income & Spending Extend Moderate Gains; Price Inflation Eases a Bit in June
Personal income increased 0.4% during June (3.9% y/y) after a 0.4% rise in May. Consensus expectations had anticipated a 0.4% gain. Wages & salaries were also up 0.4% in both May and June (4.9% y/y). Proprietors' income was also up [...]
- Global| Jun 05 2014
U.S. Financial Accounts Show Less Total Credit Demand, Even as Households and Corporations Borrow More
The Federal Reserve's financial accounts data (formerly known as the "flow of funds") for Q1 tally total credit market borrowing at a $2.00 trillion annual rate, down from $3.37 trillion in Q4. Q4 is mildly revised from $3.12 trillion [...]
- Global| May 30 2014
U.S. Consumer Spending Slows in April after March Bulge
Consumer spending pulled back in April by 0.1% after surging 1.0% in March, revised from the 0.9% initially reported; April's amount is up 4.3% y/y. A 0.2% rise was expected in the Action Economics Forecast Survey. Outlays on durable [...]
- Global| May 29 2014
U.S. GDP Revised to 1% Decline for Q1
Real GDP was revised to a 1.0% rate of decline in Q1 (2.0% y/y) from the minuscule 0.1% increase reported initially. It was also modestly worse than consensus forecasts of a 0.5% decrease. The chain-type price index remained at the [...]
- Global| May 29 2014
U.S. Initial Claims for Jobless Insurance Take Dip in Seesaw Pattern
Weekly initial claims for unemployment insurance dropped to 300,000 in the week ended May 24 from 327,000 the week before, basically reversing that week's increase and extending their recent seesaw pattern; the May 17 number was [...]
- Global| May 15 2014
U.S. Consumer Price Index Remains Firm
Consumer prices increased 0.3% (2.0% y/y) in April, the largest increase since last June. The number equaled consensus expectations in the Action Economics Forecast Survey. The pick-up in the year-on-year change from 1.5% in March to [...]
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