After falling in October and November, consumer confidence recovered in December, picking up to 78.1 (SA, 1985=100) from November's 72.0, which is modestly revised from 70.4 reported initially. The Action Economics consensus expected [...]
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 31 2013U.S. Consumer Confidence Rebounds in December
- Global| Dec 31 2013
U.S. Case-Shiller Home Price Index Firms More; Strongest Since 2006
The seasonally adjusted Case-Shiller 20- City Home Price Index rose 1.0% in both September and October, making the twelve-month increase 13.6%, its greatest since February 2006. The 3-month annualized rate of increase had slowed [...]
- Global| Dec 30 2013
U.S. Pending Home Sales Have Slim Rise in November
The National Association of Realtors (NAR) reported that November pending sales of single-family homes inched up 0.2% m/m, their first rise since May. They were off 1.5% from a year ago. Sales rose in two regions, the South and the [...]
Initial claims for unemployment insurance dropped to 338,000 last week following 380,000 in the week ended December 14, revised from 379,000. With the Thanksgiving-Christmas seasonality quirks, longer-term comparisons are perhaps more [...]
- Global| Dec 19 2013
U.S. Leading Economic Indicators Pick Up Last Month after October Pause
The index of Leading Economic Indicators, published by the Conference Board, was up 0.8% during November (5.2% y/y). That followed a modest 0.1% in October and was firmer than the 0.7% expected in the Action Economics Forecast Survey. [...]
- Global| Dec 19 2013
U.S. Leading Economic Indicators Pick Up Last Month after October Pause
The index of Leading Economic Indicators, published by the Conference Board, was up 0.8% during November (5.2% y/y). That followed a modest 0.1% in October and was firmer than the 0.7% expected in the Action Economics Forecast Survey. [...]
- Global| Dec 09 2013
U.S. Financial Account Shows Moderately Increased Borrowing in Q3
Federal Reserve financial accounts data (formerly known as the "flow of funds") for Q3 show the net volume of credit market borrowing at a $1.57 trillion annual rate, moderately larger than the $1.48 trillion in Q2. Q2 is mildly [...]
- Global| Dec 06 2013
U.S. Personal Income Edges Down in October
Personal income fell in October by 0.1% (+3.4% y/y) after a gain of 0.5% in September. An October rise of 0.3% had been forecast in the Action Economics consensus survey. The drop occurred in farm income, down 15.2% in the month and [...]
- Global| Nov 20 2013
U.S. Business Inventories Increase in September
Total business inventories increased 0.6% in September (3.1% y/y) following a 0.4% August rise, revised from 0.3% reported before. These stocks accompanied a modest 0.2% rise in business sales (2.9% y/y) which came after August's 0.3% [...]
- Global| Nov 07 2013
U.S. Initial Jobless Claims Decline
Initial claims for unemployment insurance fell to 336,000 (-7.4% y/y) during the week ended November 2 from the previous week's 345,000, which was revised up 5,000 from its first report. The Labor Department indicated that the claims [...]
- Global| Oct 29 2013
U.S. PPI Edges 0.1% Lower in September; Core Prices Up 0.1%
The producer price index for finished goods was a mixed bag in September with only a modest change in total, which eased 0.1% (+ 0.3% y/y) following August's 0.3% increase. Consensus expectations looked for a 0.2% rise. Prices [...]
- Global| Sep 25 2013
U.S. Financial Accounts Show Lower Credit Market Borrowing in Q2; New Data on Consumer Credit Detail
Federal Reserve financial accounts data (formerly known as the "flow of funds") for Q2 show the net volume of credit market borrowing at a $1.4 trillion annual rate, down markedly from $2.1 trillion in Q1. Q1 is moderately revised [...]
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