As expected, the Federal Reserve raised the target rate for federal funds by 25 basis points to 1.50%. The discount rate also was raised to 2.50%. The decision was unanimous. Perhaps suggesting that rates will be raised even further, [...]
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| Aug 10 2004FOMC Raised Interest Rates Again
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2004
U.S. Payroll Growth Weak, Slowdown Widespread
Non-farm payrolls grew only 32,000 in July following a weak June gain of 78,000 (revised lower) and a strong May increase of 208,000 (also revised lower). Consensus expectations had been for a 240,000 job gain in July. From the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2004
U.S. Payroll Growth Weak, Slowdown Widespread
Non-farm payrolls grew only 32,000 in July following a weak June gain of 78,000 (revised lower) and a strong May increase of 208,000 (also revised lower). Consensus expectations had been for a 240,000 job gain in July. From the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2004
Initial Claims For Jobless Insurance Down
Initial unemployment insurance claims unexpectedly fell 11,000 to 336,000 after a 6,000 rise the prior week that was revised slightly up from the initial report. During the last ten years there has been a (negative) 75% correlation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2004
Initial Claims For Jobless Insurance Down
Initial unemployment insurance claims unexpectedly fell 11,000 to 336,000 after a 6,000 rise the prior week that was revised slightly up from the initial report. During the last ten years there has been a (negative) 75% correlation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
Mortgage Applications Slipped
The index of mortgage applications compiled by the Mortgage Bankers Association slipped 0.2% last week after rising 0.6% the prior week. Applications in July rose 8.8% versus June. Purchase applications rose 1.6% following the 1.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
Factory Inventories Up, Bottlenecks Are Few
Factory inventories jumped 0.7% in June following a like, upwardly revised gain in May. The gain was seventh successive month of accumulation. Unfilled orders also rose, up a strong 0.6% and 8.2% y/y. The gain did not, however, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
ISM Non-Manufacturing Index Recovered, Employment Index Down Sharply
The Institute for Supply Management reported that its Business Activity Index for the non-manufacturing sector rose last month to 64.8 versus 59.9 in June. Consensus expectations had been for a lesser rise to 62.0. Since the series' [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
July U.S. Light Vehicle Sales Rebounded
Unit sales of light vehicles bounded back last month. The 12.0% m/m gain to a 17.30M selling rate did not, however, fully recoup the 13.4% decline in June. Consensus expectations had been for sales of 16.7M. The three month moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
July U.S. Light Vehicle Sales Rebounded
Unit sales of light vehicles bounded back last month. The 12.0% m/m gain to a 17.30M selling rate did not, however, fully recoup the 13.4% decline in June. Consensus expectations had been for sales of 16.7M. The three month moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2004
Factory Inventories Up, Bottlenecks Are Few
Factory inventories jumped 0.7% in June following a like, upwardly revised gain in May. The gain was seventh successive month of accumulation. Unfilled orders also rose, up a strong 0.6% and 8.2% y/y. The gain did not, however, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2004
Chain Store Sales Up Again
Chain store sales rose by 0.2% for the third consecutive week according to the International Council of Shopping Centers (ICSC)-UBS. Sales for all of July rose 0.3% following two month of decline. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
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