• Spending on durable & nondurable goods moves sharply lower. • Wage growth remains moderate. • Pricing power increases. Consumers remained cautious last month. Personal consumption expenditures declined 0.2% (-2.0% y/y) during [...]
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| Jan 29 2021U.S. Spending Declines Again in December; Income Moves Up
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2021
Kansas City Fed Manufacturing Index Continues to Improve in January
• Growth continues at quickest rate since November 2018. • Component improvement is broad-based. • Expectations for six months ahead increases. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2021
U.S. GDP Growth in Q4'20 Weakens
• Slower GDP growth reflects broad-based component weakening. • Decline in activity during 2020 is largest of post-WWII period. • Price gain eases in Q4. Recovery from the Q2'20 downturn in economic activity is continuing at a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2021
FOMC Leaves Funds Rate Near Zero
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| Jan 27 2021
U.S. Durable Goods Orders' December Gain Disappoints
• Orders increase is reduced by orders for commercial aircraft decline. • Bookings less transportation orders remain firm. • Shipments surge while inventories & order backlogs ease. Factory sector activity remains on a firm footing. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2021
U.S. Consumer Confidence Recovers During January
• Consumer confidence rebounds following two months of decline. • Expectations improve while the current conditions reading continues to fall. • Jobs gap deterioration suggests higher unemployment rate. The Conference Board Consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2021
U.S. Energy Prices Are Mixed
• Gasoline prices edge higher to March 2020 peak. • Oil prices increase to last February's high. • Natural gas prices weaken after two weeks of improvement. The price of regular gasoline rose to $2.39 per gallon (-4.5% y/y) in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2021
Texas Manufacturing Activity Weakens Further During January
• General business conditions deteriorate to six-month low. • Weakening is broad-based amongst subindexes. • Expectations reading improves. The Federal Reserve Bank of Dallas reported that its Texas Manufacturing Outlook Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2021
Chicago Fed National Activity Index Improves During December
• Index suggests modest pickup in economic growth. • Production & income strengthen. The Federal Reserve Bank of Chicago's National Activity Index increased to 0.52 during December from November's 0.31, revised from 0.27. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
• Existing home sales rebound 72.9% since May low. • Inventory of unsold homes continues to fall sharply. • Sales are mixed m/m across regions. The National Association of Realtors (NAR) reported that sales of existing homes rose 0.7% [...]
by:Tom Moeller
|in:Economy in Brief
• Existing home sales rebound 72.9% since May low. • Inventory of unsold homes continues to fall sharply. • Sales are mixed m/m across regions. The National Association of Realtors (NAR) reported that sales of existing homes rose 0.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 21 2021
U.S. Housing Starts Rise Again in December
• Total starts reach highest level since September 2006. • Single-family housing starts continue to surge. • Building permits strengthen. Record low interest rates continue to strengthen new home building. Housing starts increased [...]
by:Tom Moeller
|in:Economy in Brief
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