The U.S. trade deficit in goods and services widened more than expected to $59.77 billion in December from an upwardly revised $50.30 billion in November. This was the largest deficit since October 2008. The Action Economics Forecast [...]
Introducing
Gerald D. Cohen
in:Our Authors
Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
Publications by Gerald D. Cohen
Global| Mar 06 2019U.S. Trade Deficit Widens to 10-Year High; Record Goods Shortfall
- Global| Mar 05 2019
U.S. ISM Nonmanufacturing Index Rebounds
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) rose more than expected to 59.7 in February. This followed two consecutive monthly declines. While suggestive of strong growth, the [...]
- Global| Mar 05 2019
U.S. ISM Nonmanufacturing Index Rebounds
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) rose more than expected to 59.7 in February. This followed two consecutive monthly declines. While suggestive of strong growth, the [...]
- Global| Mar 01 2019
U.S. Light Vehicle Sales Decline to Four-Year Low
Sales of light vehicles decreased 0.8% (-2.6% year-on-year) in February to 16.57 million units at a seasonally adjusted annual rate (SAAR). This is the weakest vehicle sales since February 2015. An 8.1% drop in auto sales (-11.6% y/y) [...]
- Global| Mar 01 2019
ISM Manufacturing Index Declines to Two-Year Low in February
The ISM manufacturing index unexpectedly declined to 54.2 in February, the weakest reading since November 2016. The Action Economics Forecast Survey anticipated an increase to 56.0. Over the past ten years, there has been a 62% [...]
- Global| Mar 01 2019
Complicated U.S. Personal Income and Spending Report
As a result of the government shutdown the Bureau of Economic Analysis released the delayed December personal income, personal consumption and related prices measures as well as the January personal income data, without outlays and [...]
- Global| Feb 27 2019
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending home sales jumped 4.6% in January (-2.3% year-on-year) in after six consecutive monthly declines. The December reading for the index was revised slightly lower to 98.7, [...]
- Global| Feb 27 2019
Mixed Factory Orders and Shipments Data
Manufacturers' orders edged up 0.1% (2.4% year-on-year) in December following a slightly upwardly-revised 0.5% decline in November (this report was delayed as a result of the government shutdown). The Action Economics Forecast survey [...]
- Global| Feb 26 2019
U.S. Energy Prices Up
Retail gasoline prices edged up to $2.39 per gallon last week (-6.2% year-on-year). Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally-adjusted price rose to $2.57 per [...]
- Global| Feb 26 2019
U.S. Consumer Confidence Rebounds
The Conference Board Consumer Confidence Index jumped a great-than-expected 8.0% to 131.4 in February (1.1% year-on-year) reversing January's decline. Still, confidence has fallen 6.5 points from the cycle high touched in October [...]
- Global| Feb 26 2019
U.S. Housing Starts Falter in December; Permits Hold Steady
Total housing starts dropped 11.2% (-10.9% year-on-year) during December to a 1.078 million annual rate (AR), its lowest level in 27 months (this report was delayed as a result of the government shutdown). December starts were [...]
- Global| Feb 25 2019
Texas Factory Sector Outlook Continues to Improve
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index jumped to 13.1 in February from 1.0 in January. The index had fallen to a two-and-a-half year low of -5.1 [...]
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