Initial claims for unemployment insurance dropped 25,000 last week following a revised gain of 16,000 the week prior. The decline to 329,000 was to the lowest level in over a month and compared to the Consensus expectation for 345,000 [...]
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| Oct 21 2004Initial Jobless Insurance Claims Drop Suggests Labor Market Firmed
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2004
Mortgage Applications Rebounded
Mortgage applications rebounded last week from the prior period's slump, according to the Mortgage Bankers Association (MBA). The 7.9% w/w rise did not, however, recoup all of the prior week's 9.2% fall and so far in October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2004
Mortgage Applications Rebounded
Mortgage applications rebounded last week from the prior period's slump, according to the Mortgage Bankers Association (MBA). The 7.9% w/w rise did not, however, recoup all of the prior week's 9.2% fall and so far in October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2004
U.S. Chain Store Sales Slipped
Chain store sales slipped 0.2% last week after two weeks of respectable gain, according to the International Council of Shopping Centers (ICSC)-UBS. The decline dropped sales so far in October 0.1% below the September average which, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2004
Housing Market Index Recovered
The Composite Housing Market Index from the National Association of Home Builders (NAHB) recovered in October from the prior month's decline to 72, the highest level in a year. The NAHB index is a diffusion index based on a survey of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2004
Housing Starts Down More Than Expected
Housing starts fell 6.0% last month to 1.898M following an upwardly revised 1.8% August rise.Consensus expectations had been for 1.95M starts in September. Single-family starts fell a sharp 8.2% m/m. but the year to date single family [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2004
Consumer Prices Rose Moderately: Used Car Prices Firm
The Consumer Price Index (CPI-U) rose 0.2% last month. The gain matched Consensus forecasts, but the 0.3% rise in prices less food and energy exceeded the 0.2% expectation. The CPI for "core" commodities rose for the first month in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2004
Consumer Prices Rose Moderately: Used Car Prices Firm
The Consumer Price Index (CPI-U) rose 0.2% last month. The gain matched Consensus forecasts, but the 0.3% rise in prices less food and energy exceeded the 0.2% expectation. The CPI for "core" commodities rose for the first month in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2004
U.S. Inventories Accumulate Further
Total business inventories rose 0.7% in August, the twelfth consecutive month of accumulation. During the four quarters ended in 2Q04, inventory accumulation added between 0.5 and 1.2 percentage points to real GDP growth versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2004
U.S. Inventories Accumulate Further
Total business inventories rose 0.7% in August, the twelfth consecutive month of accumulation. During the four quarters ended in 2Q04, inventory accumulation added between 0.5 and 1.2 percentage points to real GDP growth versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2004
FY 2004 U.S. Budget Complete
The US budget deficit at $413B for FY 2004 came in slightly below the latest Congressional Budget Office estimate of $422. The latest CBO deficit estimate for FY05 is $348B. For FY04 the deficit of $412.6B was 9.4% larger than a year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2004
U.S. Consumer Sentiment Plunged
The Mid-October reading of consumer sentiment from the University of Michigan plunged 7.1% to 87.5 on the heels of declines during the prior two months. Consensus expectations for a reading of 95.0. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
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