The index of mortgage applications compiled by the Mortgage Bankers Association surged 10.2% last week, the third double digit rise in as many weeks. During the period mortgage applications have risen by nearly one half. Applications [...]
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 21 2003Mortgage Applications Up, Refi's Surge
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2003
Chain Store Sales Slipped Again
Chain store sales slipped another 0.1% last week following a 0.2% dip the prior week, according to the BTM-UBSW survey. So far in May sales were 2.0% above the April average owing to a sharp 2.1% jump in the first week of the month. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2003
Leading Indicators Rose Slightly
The Conference Board reported that the Composite Index of Leading Economic Indicators rose 0.1% last month, as expected. Declines in the prior two months were unrevised. Gains amongst the leaders' component series improved sharply to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2003
Consumer Price Index Fell, Core Flat
The Consumer Price Index (CPI-U) fell 0.3%, the first monthly decline since December 2001. Consensus expectations had been for a 0.1% decline. Lower energy prices led the overall CPI lower but prices for most goods also fell. The CPI [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2003
Producer Prices Down a Record Amount
Finished producer prices fell 1.9% in April, a record decline for any one month. Consensus expectations were for a 0.6% decline. Lower finished energy prices, down 8.6%, accounted for much of the decline in the overall PPI. Gasoline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2003
Retail Sales Dip
Retail sales fell unexpectedly in April. A 0.1% dip was versus Consensus expectations for a 0.4% rise. The drop followed a 2.3% March gain that was revised up slightly from the advance report. Sales excluding motor vehicles and parts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2003
U.S. Trade Deficit Deepened Unexpectedly
The U.S. foreign trade deficit deepened quite a bit more than expected in March. The deficit deepened to $43.5B versus Consensus expectations for a deficit of $41.0B. February's deficit was little revised. Imports rose a strong 2.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2003
ECRI Leading Indicators Move Up
The Weekly Leading Index of the US economy jumped in the opening week of May. The 2.0% w/w rise was the largest gain since a like increase in the middle of March. The index is published by the Economic Cycle Research Institute (ECRI). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2003
Gasoline Prices Fell Further
Retail gasoline prices continued the recent decline last week to an average of $1.51 per gallon. The decline since the peak of $1.73 in mid-March totaled 12.4%. Crude oil prices during the two month period fell sharply. The price of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2003
Initial Jobless Insurance Claims Fell Again
Initial claims for unemployment insurance fell slightly more than Consensus expectations for a decline to 435,000. Initial claims fell 6.2% w/w to 425,000. That added to a 1.3% decline the week earlier which was revised shallower. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2003
Mortgage Applications Surged, Purchase Applications Set Record
The index of mortgage applications compiled by the Mortgage Bankers Association jumped 18.6% last week and erased the declines of the three prior weeks. Despite the latest rise, applications were 25.5% below the peak level of mid- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2003
Chain Store Sales Surged to Record Level
Chain store sales jumped 2.1% in the opening week of May according to the BTM-UBSW survey. The rise more than recouped a 1.6% decline the prior week and pulled this measure of consumer spending to a record level. April sales rose 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
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