Personal income grew a moderate 0.4% last month following the 0.2% uptick in July that was revised slightly up. Consensus expectations had been for a 0.5% increase. Wages & salaries rose 0.4% (+4.6% y/y) and earlier months' figures [...]
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| Sep 30 2004U.S. Personal Income Up Moderately
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2004
Again, Lower Rates Raised Mortgage Refinancing
The index of mortgage applications compiled by the Mortgage Bankers Association jumped 4.9% last week. The average for mortgage applications in September is 7.4% ahead of August. The effective interest rate on a conventional 30-year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2004
2Q US GDP Growth Revised Higher
US real GDP growth last quarter was revised up to 3.3% as the estimated drag from foreign trade deficit erosion was lessened. Consensus expectations had been for an upward revision to just 3.0%. Corporate profit growth was revised up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2004
2Q US GDP Growth Revised Higher
US real GDP growth last quarter was revised up to 3.3% as the estimated drag from foreign trade deficit erosion was lessened. Consensus expectations had been for an upward revision to just 3.0%. Corporate profit growth was revised up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2004
Gasoline Prices Up as Crude Oil Nears $50 per Barrel
The average price for unleaded regular gasoline rose for the second consecutive week to $1.92 per gallon, up 2.7% from the prior week and up from $1.88 averaged in August. The inflation adjusted "real" price of gasoline remained below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2004
U.S. Chain Store Sales Again Battered By A Hurricane
Chain store sales fell another 0.3% last week as Hurricane Jeanne hit Florida's east coast on Friday, according to the International Council of Shopping Centers (ICSC)-UBS. The decline followed a 1.1% drop the prior week prompted by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2004
Consumer Confidence Down
The Conference Boards September Index of Consumer Confidence slipped another 1.9% to 96.8 following a 6.6% decline in August that was revised slightly shallower versus the initial report. Consensus expectations had been for a reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2004
Consumer Confidence Down
The Conference Boards September Index of Consumer Confidence slipped another 1.9% to 96.8 following a 6.6% decline in August that was revised slightly shallower versus the initial report. Consensus expectations had been for a reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2004
New Home Sales Higher
Sales of new single-family homes recovered in August to 1.184M. The 9.4% m/m rise followed declines of 7.3% and 6.2% in the prior two months and the decline in July was revised slightly deeper versus the initial estimate. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 27 2004
New Home Sales Higher
Sales of new single-family homes recovered in August to 1.184M. The 9.4% m/m rise followed declines of 7.3% and 6.2% in the prior two months and the decline in July was revised slightly deeper versus the initial estimate. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2004
U.S. Existing Home Sales Fell A Second Month
Existing single family home sales fell 2.7% in August to 6.54M following an unrevised 2.9% drop in July. Consensus expectations had been for a lesser decline to 6.72M. The figures reflect closings of home sales in earlier months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2004
Mass Layoffs Plunge
Mass layoffs in the US as reported to the Bureau of Labor Statistics plunged 61.4% in August to the lowest level since August 2000. The decline, however, followed sharp increases in the prior two months. The number of firms reporting [...]
by:Tom Moeller
|in:Economy in Brief
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