- Mortgage rates continue to decline.
- Median income strengthens.
- Affordability improves in most of country.
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| Dec 12 2025U.S. Housing Affordability Edges Higher in October
by:Tom Moeller
|in:Economy in Brief
USA| Dec 11 2025U.S. Trade Deficit Narrows to Five-Year Low in September
- Foreign trade deficit shrinks to lowest since June 2020.
- Surge in exports is driven by foods, industrial supplies & nonauto consumer goods.
- Minimal import increase is held down by fewer capital goods, autos & foods.
- Services surplus eases.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 10 2025FOMC Lowers Fed Funds Rate Target as Expected
- Rate target lowered by quarter point for third time this year.
- The decision was mixed amongst FOMC voters.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 10 2025U.S. Employment Cost Index Growth Eases in Q3’25
- Compensation continues to decelerate.
- Wage growth eases.
- Benefits increase edges up.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 09 2025U.S. JOLTS—Openings Rise Slightly; Hiring Declines in October
- Minimal rise in job openings follows sharp September increase.
- Sizable hiring decline reverses earlier increase.
- Separations fall sharply as quits plunge and layoffs rise.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 09 2025U.S. Energy Prices Remain Mixed in Latest Week
- Gasoline prices fall sharply to four-year low.
- Crude oil prices reverse prior week’s decline.
- Natural gas prices move to highest level since February.
- Gasoline demand falls sharply y/y.
by:Tom Moeller
|in:Economy in Brief
- Higher metals prices lead upturn.
- Crude oil & framing lumber prices also rise.
- Textile prices ease.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 05 2025U.S. PCE Core Price Index Gain Eases; Personal Spending Growth Slows & Income Steadies in September
- Total PCE price index drifts up even as core price gain dips.
- Real PCE gain slips as goods outlays fall.
- Personal income gain steadies.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 04 2025U.S. Factory Orders Unexpectedly Increase in September
- Shipments are steady.
- Order backlogs post firm increase.
- Both durable & nondurable goods inventories slip.
by:Tom Moeller
|in:Economy in Brief
- Decline in initial claims at lowest level since January.
- Continuing claims edge lower; jobless rate steadies.
- State unemployment rates vary.
by:Tom Moeller
|in:Economy in Brief
- Total services index is highest in nine months.
- Business activity, employment & supplier deliveries increase.
- Prices index declines sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 03 2025U.S. ADP Employment Declines in November
- Drop in private payrolls is third in four months.
- Hiring shortfall is led by small business.
- Both service-sector & factory jobs decline.
- Wage growth decelerates.
by:Tom Moeller
|in:Economy in Brief
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