• Growth backs off slightly from record level. • Component movement weakens m/m. • Expectations for six months ahead ease again. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business activity index [...]
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 27 2021Kansas City Fed's Factory Sector Index Remains Elevated in May
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2021
U.S. Pending Home Sales in April Reverse March Gain
• Regional sales declines are widespread. • Purchases remain constrained by limited supply. Pending home sales fell 4.4% (+51.7% y/y) during April following a 1.7% March rise, revised from 1.9%. Sales volume fell to the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2021
U.S. GDP Growth Unrevised in Q1'21; Corporate Profits Rise Moderately
• Consumer spending revised up while business & residential investment are strengthened. • Inventory & foreign trade effects are lessened. • Corporate profits improve. Real GDP surged 6.4% (SAAR) during Q1'21 (0.4% y/y), unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2021
NABE Lifts Economic Growth & Inflation Forecasts for 2021 & 2022
• Firm economic growth lowers jobless rate. • Growth improvement spreads across sectors. • Inflation and market interest rate forecasts are raised. The National Association for Business Economics raised its 2022 real GDP forecast to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. Consumer Confidence Remains Elevated During May
• Confidence holds at fourteen-month high. • Improvement in current conditions contrasts with lower expectations. • Job market indexes continue to firm. Consumer confidence remains strong. The Conference Board Consumer Confidence [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. New Home Sales Fall Sharply in April
• Sales decline reverses March increase. • Declines occur throughout most of country. • Median home prices near-record high. Sales of new single-family homes declined 5.9% (+48.3% y/y) during April to 863,000 units (SAAR) following a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2021
U.S. Retail Gasoline & Crude Oil Prices Ease
• Gasoline prices edge lower w/w, but remain elevated this year. • Crude oil prices decline to three-week low. • Natural gas prices ease. Retail gasoline prices eased to $3.02 per gallon (+54.1% y/y) in the week ended May 24 from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2021
Chicago Fed National Activity Index Weakens in April
• Overall activity abates after recovery from weather-related setbacks. • Three of four components, however, indicate positive growth. The Federal Reserve Bank of Chicago's National Activity Index fell to 0.24 in April from an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2021
U.S. Existing Home Sales Slide in April; Supply Remains Tight
• Existing home sales decline to lowest level in almost a year. • Inventory of unsold homes rose seasonally, but generally remains low. • Prices surge to record high. Sales of existing homes weakened during April for the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2021
U.S. Leading Indicators Strengthen In April
• Leaders' improvement is broad-based. • Coincident indicators increase. • Lagging indicators suggest less economic slack. The Conference Board's Composite Index of Leading Economic Indicators strengthened 1.6% (17.0% y/y) during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2021
Philadelphia Fed Manufacturing Index Weakens in May
• Headline index reverses two months of increase. • Components are mixed m/m but continue to indicate expansion. • Prices paid continue to strengthen. The Federal Reserve Bank of Philadelphia's Factory Sector Business Conditions Index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2021
U.S. Mortgage Loan Applications Increase
• The volume of all applications remains well below January highs. • Refinancings increase, but purchase applications decline. • Mortgage interest rates edge higher. The Mortgage Bankers Association's Loan Applications Index increased [...]
by:Tom Moeller
|in:Economy in Brief
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