Housing starts slipped 0.7%% last month from an upwardly revised level in April. May starts totaled 1.967Mversus the Consensus expectation for 1.95M. Single family starts rose 1.4% following the slight 0.4% April dip that was revised [...]
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| Jun 16 2004Housing Starts Slipped
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2004
Gasoline Fueled Strong CPI Gain
The Consumer Price Index (CPI-U) rose 0.6% in May versus Consensus expectations for a 0.4% gain. The gain was fueled by an 8.1% jump in gasoline prices which were up nearly a third from last year and were nearly double the low level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2004
U.S. Retail Sales Lifted By Autos & Gasoline
Retail sales jumped 1.2% last month following the little revised 0.6% decline in April. Consensus expectations had been for a 1.1% rise. Motor vehicle dealers' sales surged 5.9% as unit sales of light vehicles rose 8.7% to 17.84M. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2004
Home Price Inflation Cooled
Home prices as tallied by the Office of Federal Housing Enterprise Oversight (OFHEO) rose a moderate 1.0% in 1Q 2004, the weakest quarterly increase since 2Q '98. The OFHEO house price index is a geometric weighted average based on [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2004
U.S. Budget Deficit Shrunk
The U.S. Government Budget deficit shrunk to $62.5B in May versus a deficit of $88.9B in May '03. The improvement was slightly greater than expected by the Consensus. For the first eight months of FY04 the deficit of $344.3 was 18.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2004
The Future Course of Interest Rates
"Economic developments going forward will determine the level and term structure of interest rates. Federal funds futures prices already reflect expectations of a substantial firming of policy by the Federal Open Market Committee [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2004
Small Business Optimism Slipped
The Small Business Optimism Index published by the National Federation of Independent Business (NFIB) slipped 0.9% last month following a 2.8% jump in April. The decline reflected fewer firms expecting the economy to improve as well [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2004
Gasoline & Crude Oil Prices Down
The average price for unleaded regular gasoline in NY has fallen sharply the last three weeks to $1.15 on Friday from a peak of $1.40. Retail gasoline prices have yet to show much downward movement from the peak of $2.06 in the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2004
U.S. Non-farm Payroll Growth Strong & Broad Based
Non-farm payrolls rose 248,000 in May. That about matched Consensus expectations for a 225,000 rise, but upward revisions to prior months added a further note of strength to recent reports. Payroll growth in April was revised to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2004
ISM Non-Manufacturing Index Fell, Hiring Rose
The Institute for Supply Management reported that its Business Activity Index for the Nonmanufacturing Sector dipped last month to 65.2 from the record high of 68.4 in April. Consensus expectations had been for a lesser decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2004
Mortgage Applications Down Further
The index of mortgage applications compiled by the Mortgage Bankers Association fell 1.2% (-66.4% y/y) last week. For the month of May applications fell 18.6% from April and were down 57.0% from May '03. Applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2004
ISM Factory Index Up Slightly
The May Purchasing Managers Composite Index (PMI) released by the Institute of Supply Management rose slightly to 62.8 from 62.4 in April. Consensus expectations were for a decline to 61.5. During the last twenty years there has been [...]
by:Tom Moeller
|in:Economy in Brief
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