• Existing home sales decline to six-month low. • Inventory of unsold homes falls sharply. • Prices continue to strengthen. The market for previously owned homes weakened last month. The National Association of Realtors (NAR) reported [...]
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 22 2021U.S. Existing Home Sales Decline Sharply in February with Tight Supply
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2021
Chicago Fed National Activity Index Declines in February
• Severe winter weather likely curtailed activity. • Production & income and personal spending & housing fall. The Federal Reserve Bank of Chicago's National Activity Index fell to -1.09 during February from 0.75 in January, revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2021
FIBER: Industrial Commodity Price Rise Continues
• Crude oil prices lead recent improvement. • Metals prices increase strongly. The Industrial Materials Price Index, from the Foundation for International Business and Economic Research (FIBER), increased 1.7% during the four weeks [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2021
U.S. Leading Economic Indicators Index Improves Moderately in February
• Leaders' gain is slowest since last April's decline. • Breadth of component growth continues to moderate. • Coincident indicators ease. The Conference Board's Composite Index of Leading Economic Indicators increased 0.2% (-1.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2021
Philadelphia Fed Manufacturing Index Surges in March
• Headline index jumps to nearly 50-year high. • Underlying strength is widespread. • Prices paid strengthen. The Federal Reserve Bank of Philadelphia's Factory Sector Business Conditions Index jumped to 51.8 during March following [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2021
FOMC Holds Funds Rate Near Zero; Upgrades Growth Projection for 2021
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC. The Fed continued to assert, "The COVID-19 pandemic is causing tremendous human and economic hardship across the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2021
U.S. Housing Starts Fall Sharply in February
• Harsh winter weather limits building activity. • Single-family & multi-family starts fall sharply. • Building permits weaken. Housing starts declined 10.3% (-9.3% y/y) during February to 1.421 million (SAAR) from 1.584 million in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2021
U.S. Mortgage Applications Decline Again Led by Refinancings
• Refinancing applications decline as mortgage interest rates remain elevated. • Purchase applications strengthen further. The Mortgage Bankers Association Mortgage Loan Applications Index declined 2.2% (-27.8% y/y) in the week ended [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2021
U.S. Home Builder Index Weakens in March
• Housing market activity remains below November high. • Weakness is broad-based regionally. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo declined 2.4% (13.9% y/y) to 82 during March. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2021
U.S. Retail Sales Are Held Back by Severe Winter Weather in February
• Weakness is broad-based. • Decline follows January spending boost from stimulus checks. Total retail sales including food service and drinking establishments declined 3.0% (+6.3% y/y) during February after rising 7.6% in January, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2021
U.S. Gasoline & Crude Oil Prices Move Higher
• Gasoline prices rise by one-quarter y/y. • Crude oil prices touch 2019 high. • Natural gas prices drop again. The price of regular gasoline strengthened to $2.85 per gallon (26.9% y/y) in the week ended March 15, its highest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2021
Empire State Manufacturing Index Continues Rising in March
• Component changes are mixed. • Employment measure indicates further growth. • Prices surge. The Empire State Manufacturing Index of General Business Conditions increased to 17.4 in March from 12.1 in February. A reading of 14.3 had [...]
by:Tom Moeller
|in:Economy in Brief
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