• Coronavirus shuts down consumption & investment. • Housing declines sharply but government spending increases. • Price inflation turns negative. U.S. GDP declined 32.9% (AR) during Q2 2020 following an unrevised 5.0% Q1 fall. The [...]
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| Jul 30 2020U.S. GDP Records Steepest Decline Since WWII
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2020
U.S. International Trade Deficit Shrinks Unexpectedly in June
• Trade deficit in goods narrows to $70.64 billion. • Exports surge 13.9% while imports rise 5.4%. • Strength in exports is broad-based. The advance U.S. trade report showed the goods trade deficit narrowed to $70.64 billion in June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2020
FOMC Holds Fed Funds Rate Near Zero, Citing Coronavirus Hardships
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 it will maintain this target range until the economy "is on track to achieve its maximum [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2020
U.S. Pending Home Sales Strengthen in June
• Pending home sales are at the highest level since February 2006. • Improvement continues throughout the country. The recovery in home sales is continuing as mortgage rates decline and the job market improves. The National [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2020
U.S. International Trade Deficit Shrinks Unexpectedly in June
• Trade deficit in goods narrows to $70.64 billion. • Exports surge 13.9% while imports rise 4.8%. • Strength in exports is broad-based. The advance U.S. trade report showed the goods trade deficit narrowed to $70.64 billion in June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2020
U.S. Consumer Confidence Backpedals in July
• Worries about the future emerge. • Reading of current conditions continues to increase. • All age groups become less confident. Consumer confidence weakened in July, according to the Conference Board. The Index of Consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2020
U.S. Petroleum & Natural Gas Prices Remain Range-Bound
• Gasoline prices slip. • Crude oil prices rise slightly. • Natural gas prices weaken. Regular gasoline prices eased to $2.18 per gallon (-19.9% y/y) in the week ended July 27 from $2.19 in the previous week. The cost, nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2020
Texas Factory Sector Continues to Recover in July
• Manufacturing components show improvement. • Expectations are positive. Even though the Dallas Federal Reserve reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index remained negative at -3.0% in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2020
U.S. Durable Goods Orders Surge Again in June
• Durable goods orders jumped for the second straight month. • Stronger transportation orders added to the record May increase. • Capital goods bookings firm. The factory sector is on the mend following the coronavirus shutdowns. New [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2020
U.S. New Home Sales Strengthen Unexpectedly in June
• New single-family home sales firmed for second month. • Sales rose throughout the country. • Prices strengthen to four-month high. Sales of new single-family homes increased 13.8% (6.9% y/y) during June to 776,000 (AR) from 682,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2020
U.S. Leading Indicators Post Second Strong Increase in June
• Component gains again are broad-based. • Coincident indicators improve as well. • Lagging indicators continue to indicate less economic stress. The Conference Board reported that its Composite Index of Leading Economic Indicators [...]
by:Tom Moeller
|in:Economy in Brief
• State initial jobless claims rise for the first time since March, as job reopenings are rolled back. • New filings for Federal Pandemic Unemployment Assistance rise. • Continuing claims for state programs slip. • The insured [...]
by:Tom Moeller
|in:Economy in Brief
- of1075Go to 155 page