The Index of Leading Indicators for the Major Seven OECD Countries suggested further economic growth with a 0.3% gain in March and a 0.3% February rise which was revised from the initial 0.1% uptick. March marked the twelfth [...]
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| May 10 2004OECD Leaders Up Again, Tone Firmer
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2004
U.S. Non-farm Payroll Growth in Gear
Non-farm payroll growth in April of 288,000 surpassed Consensus expectations for a 175,000 rise. It was accompanied by upward revisions to payroll gains in both the prior two months. Since payrolls began rising last September the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2004
Jobless Claims Lowest Since October 2000
Initial claims for jobless insurance fell 25,000 last week to 315,000, the lowest level since October 2000. Consensus expectations had been for a decline to 338,000 claims. Claims during the prior week were revised up slightly. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 05 2004
ISM Non-Manufacturing Index Reached Another New High
The Business Activity Index for the non-manufacturing sector reported by the Institute for Supply Management rose to another series' high of 68.4 in April. Consensus expectations had been for a roughly unchanged reading of 65.0 versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2004
FOMC Left Rates Unchanged, Language Altered
As expected, the Federal Reserve left the target rate for federal funds unchanged at 1.00%. The discount rate also was left unchanged at 2.00%. The decision was unanimous. The press release which accompanied the Fed's action indicated [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2004
ISM Factory Index About Unchanged
The Purchasing Managers Composite Index (PMI) for April released by the Institute of Supply Management was little changed at 62.4 versus 62.5 in March. Consensus expectations were for 62.5. During the last twenty years there has been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2004
U.S. Personal Income & Spending Rose Moderately
Personal income rose 0.4% (+4.9% y/y) last month following an upwardly revised 0.5% gain in February. Consensus expectations had been for a 0.4% rise. Wage & salary growth cooled to 0.2% (+3.7% y/y) after 0.5% and 0.7% gains in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2004
Q1 2004 GDP Light at 4.2%
US real GDP grew a less than expected 4.2% last quarter, about the same as in 4Q03. During the last four quarters GDP growth of 4.9% is an improvement from 0.0% at the end of 2001 and the fastest since 1984. The Consensus expectation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2004
Chicago Fed Nat'l Activity Index Slipped in March
The Chicago Fed National Activity Index (CFNAI) slipped in March to 0.17 from 0.47 in February. The latest was the lowest reading since October. The three-month moving average of the CFNAI was about unchanged at 0.35. A zero value of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2004
Existing Home Sales Jumped to Second Highest on Record
Sales of existing single family homes reported by the National Association of Realtors jumped 5.7% last month to a 6.48M annual rate. The previously reported decline in February sales was revised to show a 2.2% increase. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2004
UK GDP Growth Eases as Industrial Production Falls; Services Remain Vigorous
Growth in the UK economy moderated a bit in Q1 2004, according to the "Preliminary" release of GDP today. Total GDP at market prices gained 0.6%, somewhat slower than the 0.9% advance in Q4 2003. For the industrial sector, this meant [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2004
U.S. Durable Goods Orders Soar, Revisions Up
Durable goods orders soared 3.4% last month and the February gain was revised to 3.8% from 2.5%. Consensus expectations had been for a 0.7% rise in March orders. Non-defense capital goods orders added 2.1% to a 4.5% February rise that [...]
by:Tom Moeller
|in:Economy in Brief
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