- Nonrevolving credit recovers some of August’s decline.
- Revolving credit usage weakens.
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| Nov 07 2023Consumer Credit Rebounds in September
by:Tom Moeller
|in:Economy in Brief
USA| Nov 07 2023U.S. Gasoline & Crude Oil Prices Decline
- Gasoline & diesel fuel prices continue to weaken.
- Crude oil prices fall to lowest since late-August.
- Natural gas prices rise.
by:Tom Moeller
|in:Economy in Brief
- Crude oil & benzene prices decline sharply.
- Lumber costs continue to fall but rubber prices rise.
- Metals prices decline and textile prices ease.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 03 2023U.S. Payroll Growth Weakens in October; Earnings Growth Slows and Unemployment Rate Edges Higher
- September & August payroll gains are revised lower.
- Earnings growth is below expectations.
- Labor force & household employment decline.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 02 2023U.S. Productivity Strengthens in Q3
- Increase in productivity is largest in three years; compensation improves.
- Unit labor costs ease following two quarters of increase.
- Decline in factory sector productivity bolsters unit labor costs.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 02 2023U.S. Light Vehicle Sales Dip in October
- Light truck sales edge higher while passenger car sales decline.
- Imports' market share increases.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 01 2023FOMC Holds Funds Rate Steady as Expected
- Federal funds rate range remains at 5.25% - 5.50%.
- Rate stays at highest level since March 2001.
- Fed keeps focus on inflation reduction.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 01 2023ADP Employment Rise Disappoints in October
- Job growth improves marginally versus modest September advance.
- Factory & construction jobs rise minimally; service gain is subdued.
- Pay gains moderate further.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 01 2023U.S. ISM Manufacturing PMI Falls Sharply in October
- Weakening follows two months of improvement.
- Declines are widespread.
- Prices index improves.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 31 2023U.S. Consumer Confidence Declines in October
- Expectations & present conditions readings decline.
- Inflation expectations edge higher.
- Business, employment & income expectations are mixed.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 31 2023U.S. FHFA House Price Index Strengthens in August
- Price gain moderates m/m but accelerates y/y.
- House prices move up m/m in all but one region.
by:Tom Moeller
|in:Economy in Brief
USA| Oct 31 2023U.S. Gasoline & Crude Oil Prices Fall
- Gasoline & diesel fuel prices move lower.
- Crude oil prices fall to eight-week low.
- Natural gas prices are little-changed.
by:Tom Moeller
|in:Economy in Brief
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