Personal income rose just 0.2% (+4.1% y/y) in January versus Consensus expectations for a 0.4% gain. The increase was held back by declines in proprietors' income and rental income which had been quite strong. Personal disposable [...]
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| Mar 01 2004U.S. Personal Income Up
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2004
4Q U.S. GDP Growth Revised Up
US economic growth last quarter was unexpectedly revised higher to 4.1% versus expectations for a slight downward revision. Inventories contributed a greater 0.9 percentage points to 4Q GDP growth versus the advance estimate of a 0.6 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2004
Initial Jobless Insurance Claims Tick Up
Initial claims for jobless insurance rose by 6,000 (1.7%) to 350,000 last week, spot on Consensus expectations. The prior week's level was unrevised. During the last ten years there has been a 79% (negative) correlation between the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2004
Mortgage Applications Up Again
The index of mortgage applications compiled by the Mortgage Bankers Association rose 2.1% last week following a 4.9% rise the week prior. The index is up 5.2% in February from the January average (-27.4% y/y). Purchase applications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2004
Consumer Confidence Down Sharply
The Conference Boards Index of Consumer Confidence for February slumped 9.4% versus January to 87.3. Confidence in January was revised down. The drop in Confidence was much greater than Consensus expectations for a slight decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2004
Metals Prices Strong, Meats Down
Surging prices for industrial metals have pulled the JoC-ECRI index of industrial prices up 10.8% since yearend. The metals sub index has risen 11.7%. That reflects further strength in steel scrap prices, up nearly one-third this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 20 2004
Consumer Prices Boosted by Energy, Core Tame
The Consumer Price Index (CPI-U) rose 0.5% in January versus the Consensus expectation for a 0.3% gain. Less food & energy prices rose 0.2%, slightly firmer than the 0.1% Consensus expectation. Rising energy prices were the source of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 20 2004
Consumer Prices Boosted by Energy, Core Tame
The Consumer Price Index (CPI-U) rose 0.5% in January versus the Consensus expectation for a 0.3% gain. Less food & energy prices rose 0.2%, slightly firmer than the 0.1% Consensus expectation. Rising energy prices were the source of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 20 2004
Consumer Prices Boosted by Energy, Core Tame
The Consumer Price Index (CPI-U) rose 0.5% in January versus the Consensus expectation for a 0.3% gain. Less food & energy prices rose 0.2%, slightly firmer than the 0.1% Consensus expectation. Rising energy prices were the source of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 19 2004
Initial Claims for Jobless Insurance Down
Initial claims for jobless insurance dropped 24,000 (-6.5%) to 344,000 last week. Consensus expectations had been for higher claims of 355,000. The prior week's level was revised up slightly. The latest figure is for the survey period [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 18 2004
Housing Starts Down With Temps
Housing starts dropped 7.9% last month as nationwide temperatures plummeted to the coldest since 2000. It was the first m/m decline since August. December starts were revised slightly lower due to a lowered figure for multi-family [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 17 2004
U.S. Industrial Production Jumped
Industrial production jumped 0.8% in January and about matched Consensus expectations for a 0.7% rise. December's slight gain in output was revised to no change. Cold winter weather boosted the production gain by raising utility [...]
by:Tom Moeller
|in:Economy in Brief
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