The Philadelphia Feds November index of general business conditions in the manufacturing sector eased to 20.7 from 28.5. A decline to 23.2 had been the Consensus expectation. During the last ten years there has been a 71% correlation [...]
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| Nov 19 2004Philadelphia Fed Activity Index Eased
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2004
Initial Claims for Unemployment Insurance Fell
Last week, initial claims for unemployment insurance fell 3,000 to 334,000 from an upwardly revised 337,000 the prior week. The Consensus expectation had been for 333,000 claims and the federal government's closure in observance of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2004
Leading Indicators Down Again
The October Composite Index of Leading Economic Indicators published by the Conference Board fell by 0.3% for the fourth consecutive month and marked the fifth month of decline. A 0.1% decline had been the Consensus expectation. Six- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2004
Leading Indicators Down Again
The October Composite Index of Leading Economic Indicators published by the Conference Board fell by 0.3% for the fourth consecutive month and marked the fifth month of decline. A 0.1% decline had been the Consensus expectation. Six- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Consumer Prices Strong
The Consumer Price Index (CPI-U) jumped 0.6% last month, the strongest increase since May. The gain easily beat Consensus forecasts for a 0.4% rise. The 0.2% gain in prices less food and energy just beat the Consensus forecast for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Mortgage Applications Rise on Higher Refis
Mortgage applications rose 4.3% last week and reversed nearly all of the prior week's decline, according to the Mortgage Bankers Association (MBA). Applications to refinance jumped 10.7%, up 74.3% from the early June low. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Housing Starts Stronger Than Expected
In October, housing starts rose 6.4% to 2.027M, the highest level of the year.Consensus expectations had been for 1.96M starts. Single-family starts recouped nearly all of the prior month's decline with a 5.7% gain. Year to date [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Industrial Production Firm
Industrial production rose a firm 0.7% following a downwardly revised 0.1% rise the prior month. Consensus expectations had been for a 0.4% increase in October. Production in the factory sector jumped 0.8% (6.0% y/y) after the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Consumer Prices Strong
The Consumer Price Index (CPI-U) jumped 0.6% last month, the strongest increase since May. The gain easily beat Consensus forecasts for a 0.4% rise. The 0.2% gain in prices less food and energy just beat the Consensus forecast for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 17 2004
Consumer Prices Strong
The Consumer Price Index (CPI-U) jumped 0.6% last month, the strongest increase since May. The gain easily beat Consensus forecasts for a 0.4% rise. The 0.2% gain in prices less food and energy just beat the Consensus forecast for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 16 2004
Chain Store Sales Off
Chain store sales fell 0.4% on the heels of the prior week's 1.3% surge, according to the International Council of Shopping Centers (ICSC)-UBS. The decline left sales so far in November 0.5% ahead of October. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 16 2004
Producer Prices Surge, Core Strong
The PPI for finished goods surged 1.7% last month, nearly triple Consensus expectations for a 0.6% gain and the strongest monthly increase since January 1990. Less food & energy, the 0.3% rise in "core" prices also was triple [...]
by:Tom Moeller
|in:Economy in Brief
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