• Existing home sales reverse some of October's increase. • Inventory of unsold homes falls sharply. • Sales weaken broadly across regions. The National Association of Realtors (NAR) reported that sales of existing homes fell 2.5% [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Dec 22 2020U.S. GDP Growth Lifted Slightly in Q3; Corporate Profit Growth Shaved
• Q3 GDP surge follows Q2 plunge; final demand improvement strengthened. • Record after-tax profits' rebound is reduced. • Prices improve as previously reported. U.S. real GDP rose 33.4% (SAAR) during Q3'20 (-2.8% y/y), revised from a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2020
Chicago Fed National Activity Index Pulls Back During November
• Index suggests slower economic growth. • Components broadly weaken. Forward economic momentum retreated last month. The Federal Reserve Bank of Chicago's National Activity Index declined during November to 0.27 from 1.01 in October, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2020
U.S. Leading Indicators Continue to Rise During November
• Rise in leading index moderates. • Gain in coincident indicators slows substantially. • Drop in lagging index suggests less economic stress. The Conference Board reported that its Composite Index of Leading Economic Indicators [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2020
U.S. Current Account Deficit Deteriorates in Q3'20
• Jump in imports substantially deepens the goods deficit. • Services surplus declines to eight-year low. The U.S. current account deficit grew to $178.5 billion during Q3'20 from $161.4 billion in Q2, revised from $170.5 billion. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2020
Manufacturing Activity in Kansas City Fed District Improves During December
• Growth continued at quickest rate in four months. • New orders and employment improved. • Expectations for six months ahead deteriorated. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2020
U.S. Housing Starts Firm During November
• Total starts increase to nine-month high. • Single-family housing starts improve to highest level since April 2007. • Building permits strengthen. Home building remains notably robust, spurred by record low interest rates. Housing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2020
U.S. Housing Starts Firm During November
• Total starts increase to nine-month high. • Single-family housing starts improve to highest level since April 2007. • Building permits strengthen. Home building remains notably robust, spurred by record low interest rates. Housing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2020
FOMC Leaves Funds Rate Near Zero Continuing to Cite COVID-19 Impacts
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 indicated that, "The COVID-19 pandemic is causing tremendous human and economic hardship across the United [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2020
U.S. Home Builder Sentiment in December Backs Away from Record High
• Housing market activity weakens after increasing for seven consecutive months. • Number of prospective buyers falls from record level. • Activity in each region declines. The Composite Housing Market Index from the National [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 16 2020
U.S. Retail Sales Post Broad-based Declines During November
• Consumers pull back spending as coronavirus cases increase. • New business restrictions and limits to store access grow. • Spending weakness is widespread. Total retail sales including food service & drinking establishments declined [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2020
U.S. Industrial Production Increases Again in November
• Production gain moderates m/m but surges since April. • Durable goods strength is pronounced, notably for motor vehicles. • Capacity utilization continues to rise. Industrial production increased 0.4% (-5.5% y/y) during November [...]
by:Tom Moeller
|in:Economy in Brief
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