- Import price weakness is led by lower oil prices.
- Price declines of other imported goods are widespread.
- Export price decline reflects lower food prices.
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 2024U.S. Import and Export Prices Drop in August
by:Tom Moeller
|in:Economy in Brief
USA| Sep 13 2024U.S. Housing Affordability Index Improves in July
- Home prices slip & mortgage rates decline.
- Median income edges up.
- Affordability increases throughout the country.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 12 2024U.S. Producer Price Index Increases Modestly in August
- Goods prices less food & energy increase moderately.
- Service prices strengthen .
- Food prices edge higher while energy costs decline.
by:Tom Moeller
|in:Economy in Brief
- Personal income tax receipt growth remains strong.
- Corporate tax payments surge.
- Social Security spending fuels outlay growth.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 11 2024U.S. CPI Increase Remains Modest in August
- Services prices pick up m/m, driven by shelter.
- Core goods prices decline again across the board.
- Food prices increase minimally while energy costs decline.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 10 2024U.S. NFIB Small Business Optimism Index Backpedals in August
- Expectations for economy & sales decline.
- Employment plans weaken but job openings surge.
- Prices ease but expectations edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 10 2024U.S. Gasoline & Crude Oil Prices Decline in Latest Week
- Gasoline prices fall to seven-month low.
- Crude oil prices decline sharply.
- Natural gas prices rise slightly.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 09 2024U.S. Consumer Credit Usage Surges in July
- Revolving credit outstanding rebounds.
- Nonrevolving credit gain almost triples.
by:Tom Moeller
|in:Economy in Brief
- Inventory gain extends trend of moderate accumulation.
- Jump in sales concentrates in nondurables.
- Inventory-to-sales ratio continues sideways movement.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 05 2024U.S. Employment Disappoints in August; Jobless Rate Eases
- Job gain remains part of decelerating trend with earlier months’ growth revised lower.
- Earnings strengthen m/m but trend increase remains weak.
- Jobless rate edges lower; upward trend continues.
by:Tom Moeller
|in:Economy in Brief
- Latest job gain is less-than-half its March 2024 high; factory jobs decline for fourth straight month.
- Service-sector slowdown is broad-based. Construction job growth slows.
- Wage growth for “job stayers” stabilizes y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 05 2024U.S. Productivity Increase Revised Slightly Higher in Q2’24
- Output per hour growth raised.
- Compensation growth is reduced.
- Modest unit labor cost increase is lessened.
by:Tom Moeller
|in:Economy in Brief
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