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 [...]
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 21 2004FOMC Raised Funds Rate for Third Time
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2004
ECRI U.S. Leading Index Down
Since May, the Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) has declined in all but a handful of weeks. Its smoothed six-month growth rate has now fallen into negative territory for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2004
US Flow of Funds: Households' Net Worth Rose
The net worth of the US household sector rose 11.1% last quarter versus 2Q03. On the asset side of the ledger, a 10.8% y/y rise in total assets was driven by a 24.9% jump in the value of mutual fund shares and an 11.8% rise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2004
U.S. Consumer Sentiment Little Changed
The University of Michigans consumer sentiment index for mid-September was little changed from August at 95.8 but it was below Consensus expectations for 96.5. During the last ten years there has been a 75% correlation between the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2004
U.S. Consumer Sentiment Little Changed
The University of Michigans consumer sentiment index for mid-September was little changed from August at 95.8 but it was below Consensus expectations for 96.5. During the last ten years there has been a 75% correlation between the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2004
Philadelphia Fed Activity Index Down, Components Up
The Philadelphia Feds September index of general business conditions in the manufacturing sector fell much more than expected to 13.4, the lowest in nearly a year. The level, however, still suggested positive growth. The 15.1 point [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2004
Initial Jobless Insurance Claims Up
Initial claims for unemployment insurance rose 16,000 last week to 333,000 following the huge 43,000 drop the week prior that was little revised. Consensus expectations had been for a larger rise to 345,000. The 4-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2004
Consumer Price Inflation Under Wraps
The Consumer Price Index (CPI-U) rose 0.1% last month, half the Consensus expectation. Less food and energy, the rise in the "core CPI also was half expectations and the third 0.1% gain in a row. Deflation in consumer goods prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2004
Philadelphia Fed Activity Index Down, Components Up
The Philadelphia Feds September index of general business conditions in the manufacturing sector fell much more than expected to 13.4, the lowest in nearly a year. The level, however, still suggested positive growth. The 15.1 point [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2004
Mortgage Applications Slipped
The index of mortgage applications compiled by the Mortgage Bankers Association slipped 2.0% last week following a strong 7.7% gain the week prior. So far in September mortgage applications are 5.6% ahead of August. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2004
U.S. Inventory Accumulation Raised Output
Total business inventories rose 0.9% in July, marking the eleventh consecutive month of accumulation. Consensus expectations were for a 0.7% increase. During the last ten years there has been a 60% correlation between the y/y change [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2004
Empire State Index Rebounded Strongly in September
The Empire State Index of General Business Conditions in New York's manufacturing industries recovered most of the prior month's skid with a 15.1 point rise in September to 28.34. All of the activity components of the survey [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 1019 page