- Higher gasoline & heating oil prices accompany firmer food prices.
- Excluding food & energy, price rise is modest.
- Goods prices edge higher while service prices rise moderately.
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 11 2023
U.S. PPI Strength in September Fueled Again by Energy Prices
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 11 2023
U.S. Energy Prices Weaken Further
- Gasoline prices continue to decline; diesel fuel costs start to fall.
- Crude oil prices fall sharply.
- Natural gas prices increase.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 10 2023
U.S. Wholesale Inventories Decline Further in August
- Inventories of nondurable goods decline, while durables hold steady.
- Sales surge is led by petroleum as well as chemicals.
- Inventory-to-sales ratio weakens sharply.
by:Tom Moeller
|in:Economy in Brief
- Consumer spending & business investment are projected to slow in 2024.
- Housing activity recovers modestly next year after 2023 decline.
- Price inflation is forecasted to cool next year.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 06 2023
U.S. Payroll Growth Is Double Expectations in September; Earnings Growth Is Steady & Slow; Unemployment Rate Unchanged
- August & July payrolls are revised higher.
- Earnings growth is below expectations.
- Labor force gain slows.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 05 2023
U.S. Trade Deficit Narrows to Roughly Three-Year Low in August
- Exports move up again; imports decline.
- Goods trade deficit shrinks while services surplus increases.
- Goods trade deficit with China narrows.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 04 2023
U.S. ISM Services PMI Weakens in September
- Decline reverses half of August’s increase.
- New orders and employment readings fall.
- Price index holds steady.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 04 2023
ADP Employment Increase Disappoints in September
- Gain is weakest since early-2021.
- Service-sector hiring slows; factory employment declines.
- Pay increases ease further.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 03 2023
U.S. Light Vehicle Sales Move Higher in September
- Both light truck & auto sales improve.
- Imports' market share increases sharply.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 03 2023
U.S. JOLTS: Job Openings Rebound in August
- Openings rise following three straight months of decline.
- Hires rise slightly after falling for two months.
- Quits rise slightly while layoffs ease.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 03 2023
U.S. Energy Prices Are Mixed
- Gasoline prices slip, but diesel fuel costs hold steady.
- Crude oil costs move higher.
- Natural gas prices are unchanged.
by:Tom Moeller
|in:Economy in Brief
- USA| Oct 02 2023
U.S. ISM Manufacturing PMI Improves in September
- Index increases to highest level since November.
- New orders, production & employment rise.
- Prices index weakens.
by:Tom Moeller
|in:Economy in Brief
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