- Services prices remain firm m/m, driven by medical care & airfares.
- Core goods prices rebound driven by apparel & new vehicles.
- Food price strength is offset by energy cost decline.
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
USA| Oct 10 2024U.S. CPI Continues Slow, but Steady Rise in September
by:Tom Moeller
|in:Economy in Brief
- Inventories continue on trend of moderate accumulation.
- Sales increase paced by durable goods.
- Inventory-to-sales ratio continues sideways movement.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 08 2024U.S. International Trade Deficit Narrows in August
- Trade deficit stands at five-month low due to shrinking goods deficit.
- Services surplus is little changed.
- Exports increase, but imports decline.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 08 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices fall to lowest level since February.
- Crude oil costs move higher.
- Natural gas prices continue to rise.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 07 2024U.S. Consumer Credit Usage Moderates in August
- Revolving credit outstanding declines.
- Nonrevolving credit strength moderates.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 04 2024U.S. Payroll Employment Accelerates in September and Wage Growth Firms; Jobless Rate Edges Lower
- Surprising job strength is narrowly based.
- Earnings increase is better-than-expected; August pay growth lifted.
- Jobless rate slips to three-month low.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 03 2024U.S. Factory Orders & Shipments Ease in August
- Improved y/y in orders momentum remains in place.
- Shipments weighed down by a decline in nondefense aircraft sales.
- Unfilled orders and inventories rise modestly.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 02 2024U.S. ADP Employment Firms in September; Wage Growth Moderates
- Broad-based job growth follows earlier slowdown.
- Construction employment remains notably firm.
- Wage growth for “job changers” has weakened considerably.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 01 2024U.S. Light Vehicle Sales Increase in September
- Both light truck and passenger car sales rebound.
- Domestic vehicle sales improve along with imports.
- Imports' market share edges sideways.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 01 2024U.S. JOLTS: Job Openings Increase in August but Hiring Declines
- Openings recover modestly after two months of decline, remaining well below 2022 high.
- Hiring reverses most of earlier increase as two years of downward momentum continues.
- Job separations approach four-year low.
by:Tom Moeller
|in:Economy in Brief
- Gasoline prices remain at seven-month low.
- Crude oil costs reverse most of earlier gain.
- Natural gas prices rise further.
by:Tom Moeller
|in:Economy in Brief
- Consumer & government spending growth should moderate next year.
- Housing activity & vehicle sales are projected to improve.
- Price inflation is forecast to cool further in 2025, after slowing this year.
by:Tom Moeller
|in:Economy in Brief
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