The index of mortgage applications compiled by the Mortgage Bankers Association ticked up a slight 1.1% last week following steep declines in five of the prior eight weeks. Those declines pulled applications down 47% from the peak [...]
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 06 2003Mortgage Applications Tick Higher Following Sharp Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2003
ISM Nonmanufacturing Index Strong
The Institute for Supply Management reported that its July index of activity in the nonmanufacturing sector rose to the highest level in the series brief seven year history. The index rose to 65.1 versus Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2003
Factory Orders Surged in June
Factory orders surged 1.7% in June following a 0.3% increase in May. A 2.6% jump in durable goods orders drove the rise which was revised up slightly from an advance report of a 2.1% gain. The strength in June durable orders reflected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2003
U.S. Durable Goods Orders Surge
Durable goods orders surged 2.1% in June, double the Consensus expectation for a 1.0% rise. May figures were revised up slightly. A 20.0% m/m jump in orders for commercial aircraft & parts accounted for the upside surprise in orders. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2003
Initial Claims for Jobless Insurance Below 400,000
Initial claims for unemployment insurance dropped below 400,000 for the first week since early February. Claims fell 29,000 to 386,000 versus the prior week which was revised up slightly. Consensus expectations had been for claims of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2003
Oil & Gas Prices Well Off Highs
Prices for crude oil and natural gas have fallen substantially from their highs set earlier this year. Reports of improved inventory conditions and events in Iraq prompted the declines. Yesterday, the domestic spot market price for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2003
Chain Stores Add To Sales Gain
Chain store sales rose another 0.3% last week. The gain added to sharp increases in each of the prior two weeks according to the BTM-UBSW survey. So far in July, sales are 1.4% ahead of the June average which was barely changed from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2003
Leading Indicators Up
The Conference Board reported that the Composite Index of Leading Economic Indicators rose for the third consecutive month in June. The 0.1% gain was as expected and the prior month's increase was revised up slightly. Gains amongst [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2003
Consumer Sentiment Up Slightly
The mid-July reading of Consumer Sentiment from the University of Michigan rose 0.7% from June to 90.3. Consensus expectations were for a reading of 91.0. Consumer Sentiment rose as consumer's read of current conditions jumped 7.8%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2003
NBER Determined the Recession Ended in November 2001
The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) reported that "a trough in economic activity occurred in November 2001." Earlier this month, Haver Analytics began using November 2001 as the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2003
CPI Tame
The Consumer Price Index (CPI-U) rose an expected 0.3% last month following no change in May. The CPI less food and energy was unchanged versus Consensus expectations for a 0.2% rise. A slowdown in services price inflation and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2003
Retail Sales Rose As Expected
Retail sales rose an expected 0.5% in June following just a slight increase in May. The May figures were little revised. Sales excluding motor vehicles and parts dealers rose a strong 0.7%, more than twice Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
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