Volatile orders for aircraft & parts dominated the durable goods figures again in August as a 35.1% m/m decline followed a 37.3% July surge. This pulled total durable goods orders down 0.5% last month following a 1.8% jump in July [...]
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 24 2004U.S. Durable Goods Orders Down: Aircraft Orders Quite Volatile
by:Tom Moeller
|in:Economy in Brief
Global| Sep 24 2004U.S. Durable Goods Orders Down: Aircraft Orders Quite Volatile
Volatile orders for aircraft & parts dominated the durable goods figures again in August as a 35.1% m/m decline followed a 37.3% July surge. This pulled total durable goods orders down 0.5% last month following a 1.8% jump in July [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 23 2004Chicago Fed Nat'l Activity Index Lower in August
The Chicago Fed National Activity Index (CFNAI) fell last month to 0.19 following a sharp improvement in July. The three-month moving average of the CFNAI also fell to its lowest level of the year. A zero value of the CFNAI indicates [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 23 2004Leading Indicators Down Again
The Conference Board reported that the Composite Index of Leading Economic Indicators for August fell 0.3%, the third consecutive monthly decline. A 0.1% decline had been the Consensus expectation and July's decline was unrevised. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 23 2004Hurricanes Lifted Claims for Jobless Insurance
Initial claims for unemployment insurance jumped 14,000 last week to 350,000 after an upwardly revised 18,000 gain the prior week. Consensus expectations had been for 335,000 claims. The US Labor Department indicated that last week's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 23 2004Hurricanes Lifted Claims for Jobless Insurance
Initial claims for unemployment insurance jumped 14,000 last week to 350,000 after an upwardly revised 18,000 gain the prior week. Consensus expectations had been for 335,000 claims. The US Labor Department indicated that last week's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 22 2004Lower Rates Spur Mortgage Refinancing
The index of mortgage applications compiled by the Mortgage Bankers Association rose 1.8% last week. So far in September mortgage applications are 5.9% ahead of August. Last week's rise in applications was spurred by another sharp [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 22 2004Lower Rates Spur Mortgage Refinancing
The index of mortgage applications compiled by the Mortgage Bankers Association rose 1.8% last week. So far in September mortgage applications are 5.9% ahead of August. Last week's rise in applications was spurred by another sharp [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 21 2004FOMC Raised Funds Rate for Third Time
The Federal Open Market Committee raised the target rate for federal funds by 25 basis points to 1.75%, as expected. The discount rate also was raised 25 basis points to 2.75%. The decision was unanimous. Today's press release from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 21 2004Hurricane Ivan Battered U.S. Chain Store Sales
Chain store sales dropped 1.1% last week, according to the International Council of Shopping Centers (ICSC)-UBS, as Hurricane Ivan slammed into the Gulf Coast. The decline lowered September sales so far 0.4% below the August average [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 21 2004Housing Market Index Backpedaled
The Composite Housing Market Index reported by the National Association of Home Builders (NAHB) backpedaled in September to 68 and reversed nearly all of the gain in August. The NAHB index is a diffusion index based on a survey of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 21 2004August Housing Starts At Year's High
Housing starts added a slight 0.6% last month to the upwardly revised 9.4% jump in July.At 2.000 mil., starts were at the highest level of 2004 and year to date have averaged 5.1% above 2003. The Consensus forecast had been for 1.94M [...]
by:Tom Moeller
|in:Economy in Brief
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