• Goods spending continues to weaken; services strengthen. • Increase in core prices hits twenty-year high. • Total take-home earnings again fall sharply. Personal consumption expenditures held steady during May (18.9% y/y) following [...]
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 25 2021
U.S. Personal Spending Stabilizes as Income Declines in May
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2021
Kansas City Fed's Factory Sector Index Steadies in June
• Growth stays just below its record. • Component movement is mixed m/m. • Expectations for six months ahead improve. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business activity index edged up to [...]
by:Tom Moeller
|in:Economy in Brief
• Consumer spending, business & residential investment are strengthened. • Foreign trade subtraction is increased. • Corporate profit improvement is raised. Real GDP surged 6.4% (SAAR) during Q1'21 (0.4% y/y), unrevised from last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2021
U.S. Durable Goods Orders Rebound in May
• Transportation orders surge, while ex-transportation improves further. • Core capital goods orders ease following earlier strength. • Shipments rise along with order backlogs & inventories. The factory sector remains on a firm [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2021
U.S. Current Account Deficit Sets Record in Q1'21
• Goods trade deficit widens sharply. • Services trade surplus shrinks to least since 2012. The U.S. current account deficit deepened to $195.7 last quarter from $175.1 billion in Q4'20, revised from $188.5 billion. The Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2021
U.S. New Home Sales Decline Unexpectedly in May
• Sales fall for second straight month. • Decline centers in the South. • Median home prices set new record. Sales of new single-family homes declined 5.9% (+9.2% y/y) during May to 769,000 units (SAAR) from 817,000 during April, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2021
U.S. Current Account Deficit Sets Record in Q1'21
• Goods trade deficit widens sharply. • Services trade surplus shrinks to least since 2012. The U.S. current account deficit deepened to $195.7 last quarter from $175.1 billion in Q4'20, revised from $188.5 billion. The Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2021
U.S. Existing Home Sales Ease in May but Prices Strengthen
• Existing home sales decline for fourth straight month. • Prices surge to another record high. • Inventory of unsold homes again rose seasonally, but remains low. The National Association of Realtors (NAR) reported that sales of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2021
U.S. Energy Prices Remain Strong
• Gasoline prices ease minimally from seven-year high. • Crude oil prices add to recent gains. • Natural gas prices continue strengthening. Retail gasoline prices slipped to $3.06 per gallon (+43.7% y/y) in the week ended June 21 from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 21 2021
Chicago Fed National Activity Index Improves in May
• Overall activity reading suggests moderate economic growth. • Three of four components are positive. The Federal Reserve Bank of Chicago's National Activity Index increased to 0.29 during May from -0.09 in April, revised from 0.24. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2021
U.S. Housing Affordability Declines in April
• Mortgage payments jump with higher home prices. • Incomes decline after government stimulus payouts in March. • Interest rates ease. The National Association of Realtors' Fixed Rate Mortgage Housing Affordability Index declined [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 17 2021
U.S. Leading Indicators Post Another Strong Gain in May
• Component improvement in leader's index remains broad-based. • Coincident indicators continue to firm. • Lagging indicators' decline suggests more economic slack. The Conference Board's Composite Index of Leading Economic Indicators [...]
by:Tom Moeller
|in:Economy in Brief
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