The Composite Index of Leading Economic Indicators from the Conference Board rose in November by 0.2%, the first up month since May. October was downwardly revised to a 0.4% decline. The Consensus expectation had been for a 0.1% [...]
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
Global| Dec 20 2004Leading Indicators Gain First in Six Months
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2004
Gasoline Prices, Down in November, Fell Further in December
The average price for unleaded regular gasoline fell to $1.85 per gallon last week, putting it 6.7% below the November average. At $41.83 per barrel, the price of West Texas Intermediate crude oil last week was 13.2% below the $48.20 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2004
Consumer Prices Tame, As Expected
Consumer Prices (CPI-U) were tame last month, rose just 0.2% following the 0.6% spurt in October and were in line with Consensus expectations for a 0.2% rise. Prices less food & energy also were in line with a 0.2% gain that matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2004
Consumer Prices Tame, As Expected
Consumer Prices (CPI-U) were tame last month, rose just 0.2% following the 0.6% spurt in October and were in line with Consensus expectations for a 0.2% rise. Prices less food & energy also were in line with a 0.2% gain that matched [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2004
Philadelphia Fed Activity Index Improved
The Philadelphia Feds index of general business conditions in the manufacturing sector improved in December to 29.6 from 20.7 the prior month. Only a slight rise to 21.1 had been the Consensus expectation. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2004
Initial Claims for Unemployment Insurance Dropped Sharply
Initial unemployment insurance claims dropped a sharp 43,000 to 317,000 and more than reversed all of the gains during the prior two weeks. The latest was the lowest claims level since early July and the prior week was revised up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2004
U.S. Current Account Deficit Deepened
The US current account deficit deepened slightly in 3Q04 to a record $164.7B versus $164.4B the prior quarter, originally reported at $166.2B. Consensus expectations had been for a 3Q deficit of $171.0B. The deficit in merchandise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2004
Housing Starts Fell Sharply
Housing starts in November fell a sharp 13.1% m/m to 1.771M, reversing all of a 7.0% rise in October.Consensus expectations had been for 1.98M starts. The latest was the lowest level of starts since May 2003. Single-family starts fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2004
Housing Starts Fell Sharply
Housing starts in November fell a sharp 13.1% m/m to 1.771M, reversing all of a 7.0% rise in October.Consensus expectations had been for 1.98M starts. The latest was the lowest level of starts since May 2003. Single-family starts fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2004
Mortgage Applications Slip
According to the Mortgage Bankers Association (MBA) Survey, mortgage applications slipped 1.0% last week and so far in December are 3.6% below the November average. Purchase applications eased 0.4% after the prior week's 6.6% rise and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2004
Empire State Index Jumped
In December, the Empire State Index of General Business Conditions in New York's manufacturing industries jumped 11.1 points to 29.93, the highest level since July. The new orders component more than doubled to a record 40.15 while [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2004
OECD Leaders Declined For Third Month
In October, the Index of Leading Indicators for the Major Seven OECD Countries fell slightly for the third straight month. The declines pulled the six-month growth rate down to 0.4%, its lowest since May 2003. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
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