- Year-to-date, the deficit remains increased versus FY’22.
- Revenues continue to decline as individual tax receipts fall.
- Outlay growth slows with lower health program payments.
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| Sep 13 2023
U.S. Government Runs Unexpected Budget Surplus in August
by:Tom Moeller
|in:Economy in Brief
- USA| Sep 13 2023
U.S. CPI Strengthens in August; Core Price Rise Picks Up
- Energy price jump fuels increase while food prices rise modestly.
- Core goods prices slip, but services prices gain steadily.
- Used car prices fall but rents & medical care costs rise.
by:Tom Moeller
|in:Economy in Brief
- USA| Sep 12 2023
NFIB Small Business Optimism Slips in August
- Expectations about the state of the economy & sales ease.
- Employment readings are mixed.
- Price readings improve.
by:Tom Moeller
|in:Economy in Brief
- USA| Sep 12 2023
U.S. Gasoline & Oil Prices Strengthen
- Gasoline prices edge higher while diesel fuel prices strengthen.
- Crude oil prices surge to roughly one-year high.
- Natural gas prices weaken.
by:Tom Moeller
|in:Economy in Brief
- USA| Sep 01 2023
U.S. Payroll Growth in August Bests July’s, but Earnings Growth Is Negligible and Unemployment Rate Jumps
- July & June payroll readings are revised significantly lower.
- Earnings growth is weakest in 18 months.
- Jobless rate jumps; labor force growth surges but job growth is moderate.
by:Tom Moeller
|in:Economy in Brief
- USA| Sep 01 2023
U.S. Construction Spending Firms in July
- Residential building strengthens for third straight month.
- Nonresidential building edges higher.
- Public sector building declines.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 31 2023
U.S. Personal Spending Growth Accelerates, but Income Gain Remains Weak; Inflation Steadies
- Real spending rise is strongest since January.
- Wage & salary growth weakens.
- Growth in price index remains low.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 30 2023
ADP Employment Advance Pulls Back Sharply in August
- Disappointing employment gain is nearly half of July’s.
- Service-sector hiring slowdown is led by leisure & hospitality.
- Pay increases decelerate broadly.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 30 2023
U.S. Pending Home Sales Rise Modestly in July
- Two consecutive gains follow three monthly declines.
- Changes are mixed amongst regions.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 29 2023
U.S. Consumer Confidence Declines Sharply in August
- Present situation & expectations indexes fall.
- Inflation expectations edge higher.
- Employment expectations stabilize.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 29 2023
U.S. Energy Prices Fall
- Gasoline prices decline sharply.
- Crude oil prices slip.
- Natural gas prices weaken.
by:Tom Moeller
|in:Economy in Brief
- USA| Aug 28 2023
Texas Manufacturing Activity Index Is Less Negative but Expectations Slide in August
- General business activity index is highest in five months.
- New orders improve but production & employment weaken.
- Pricing pressure little changed, but wages strengthen.
by:Tom Moeller
|in:Economy in Brief
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