- Metals & crude oil prices fall.
- Textile prices ease.
- Lumber & rubber costs increase.
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 20 2023
FIBER: Industrial Commodity Prices Decline in Latest Four Weeks
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 19 2023
U.S. Existing Home Sales Decline in September
- Sales fall to 13-year low.
- Home prices weaken.
- Purchases fall in most regions of the country.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 19 2023
Philadelphia Fed Manufacturing Index Remains Negative in October
- Composite index is negative but orders, shipments & employment improve. Order backlogs & delivery times readings decline.
- Prices paid reading eases; prices received is little changed.
- Expectations backpedal a bit.
by:Tom Moeller
|in:Economy in Brief
- Rise in single-family starts is moderate.
- Increase fails to include Northeast.
- Single-family permits rise again, but multi-family permits decline.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 18 2023
U.S. Mortgage Applications Decline; Interest Rates Remain High
- Total applications weaken sharply to lowest level since 1995.
- Applications for purchase loans & refinancing decline.
- Mortgage interest rates remain at highest level since 2000.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 17 2023
U.S. Retail Sales Firm in September
- Sales of core goods pick up.
- Online buying strengthens.
- Gasoline sales rise with higher prices.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 17 2023
U.S. Home Builders Index Continues to Fall Sharply in October
- Deeper-than-expected decline leaves index at nine-month low.
- Buyer traffic drops to lowest level since January.
- Decline encompasses each region.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 17 2023
U.S. Gasoline Prices Continue to Fall
- Gasoline and diesel fuel costs decline.
- Crude oil prices are fairly steady.
- Natural gas prices weaken.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 16 2023
U.S. Empire State Manufacturing Index Edges Lower in October
- Business activity index turns negative; new orders & shipments lead decline.
- Employment & hours improve; unfilled orders & delivery times readings fall sharply.
- Inflation pressures are muted.
- Six-month outlook eases, but improves from last year.
by:Tom Moeller
|in:Economy in Brief
- Import prices show little change, held back by food costs.
- Export price rise centered on nonagricultural products.
- Fuels prices strengthen.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 13 2023
U.S. Housing Affordability Falls Sharply in August
- Principal & interest payments surge.
- Mortgage rates jump again.
- Median sales price of single-family home moves up.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 12 2023
U.S. CPI Gain Moderates in September; Core Prices Rise Steadily
- Energy price increase cools; food price rise remains modest.
- Core goods prices decline again; services strength fueled by shelter costs.
- Used vehicle prices fall sharply.
by:Tom Moeller
|in:Economy in Brief
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