- Inventory building led by retailers.
- Factory sales gain counters retail decline.
- Inventory/sales ratio is steady.
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| Jun 18 2024U.S. Business Inventories & Sales Rise in April
by:Tom Moeller
|in:Economy in Brief
USA| Jun 18 2024U.S. Retail Sales Edge Up in May; Nonauto Sales Ease
- Disappointing sales follow weakened results in earlier months.
- Nonauto sales slip for second straight month.
- Nonstore sales improvement offsets declines elsewhere.
by:Tom Moeller
|in:Economy in Brief
- Though negative, the index rose to the highest level since February.
- Component improvement is widespread, excluding employment & prices.
- Expectations are greatly improved.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 14 2024U.S. Housing Affordability Weakens Further in April
- Affordability falls to five-month low.
- Principal & interest payment increases with higher home prices.
- Mortgage rates rise and median family income steadies.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 14 2024U.S. Import & Export Prices Unexpectedly Decline in May
- Import price drop follows four straight months of increase.
- Excluding fuels, import prices fall after six monthly gains.
- Export price weakness reverses April strength.
by:Tom Moeller
|in:Economy in Brief
- Goods prices less food and energy rise moderately.
- Services prices hold steady.
- Food prices decline for second straight month.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 12 2024FOMC Holds Funds Rate Steady
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early-August 2023.
- Rate stays at highest level since March 2001.
- Fed maintains focus on inflation reduction.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 12 2024U.S. CPI Is Unchanged in May; Core Price Gain Moderates
- Core goods prices hold steady and decline y/y.
- Service price gain halves; fairly stable y/y.
- Energy prices decline while food prices edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 11 2024NFIB Small Business Optimism Improves in May
- Latest reading is highest since December.
- Labor market readings are mixed, but more businesses plan to hire.
- Price pressures are modest.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 11 2024U.S. Gasoline & Crude Oil Prices Decline Sharply Last Week
- Gasoline prices are lowest since March.
- Crude oil costs continue to decline.
- Natural gas prices rebound.
by:Tom Moeller
|in:Economy in Brief
- Metals price gains moderate.
- Energy prices decline.
- Textile prices ease.
by:Tom Moeller
|in:Economy in Brief
- Surprising strong job increase follows weakened April & March gains.
- Earnings increase is better-than-expected, after weak April rise.
- Unexpected jobless rate increase continues upward trend of last year.
by:Tom Moeller
|in:Economy in Brief
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