• Spending rebound follows two sharp monthly declines. • Personal income drop reflects lessened government support. • Price inflation is minimal. Personal consumption expenditures increased 8.2% during May (-9.3% y/y) following [...]
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| Jun 26 2020
U.S. Personal Spending Increase in May Sets Monthly Record; Income Declines
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2020
Kansas City Fed Factory Index Turns Positive in June; Component Improvement Is Broad-based
• Midwest economic activity increases. • New orders and production lead gains this month. • Expectations rise as well. The Federal Reserve Bank of Kansas City reported that its manufacturing business activity index increased to 1 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2020
U.S. GDP Decline in Q1'20 Is Unrevised; Corporate Profits Plunge
• GDP shortfall continues to reflect widespread component decline. • Profits decline remains greatest since 2008. • All sectors decline, except housing. • Price inflation remains moderate. U.S. GDP declined an unrevised 5.0% (SAAR) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2020
U.S. FHFA House Price Inflation Remains Modest
• Prices declined or were unchanged in several areas. The Federal Housing Finance Agency (FHFA) Price Index improved 0.2% during April following a 0.1% uptick in March. The y/y gain eased slightly to 5.5%. Over the past three months, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2020
U.S. Mortgage Loan Applications Decline
• Loan applications for purchase ease. • Refinancing declines. • 15-year fixed-rate mortgage remains near seven-year low. The Mortgage Bankers Association reported that its total Mortgage Applications Index backpedaled by 8.7% (+48.0% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2020
New Home Sales Rebound During May
• New single-family home sales rose last month following three consecutive months of decline. • Sales improved in most parts of the country. • Prices increase modestly m/m. Sales of new single-family homes increased 16.6% during May [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2020
U.S. Gasoline & Oil Prices Increase
• Gasoline prices strengthen as drivers take to the road. • Crude oil prices continue rising as demand improves worldwide. • Natural gas prices weaken further. The price for a gallon of regular gasoline rose to $2.13 per gallon [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2020
U.S. Existing Home Sales Continue to Fall in May
• Existing home sales hit lowest since October 2010. • Sales fall across the nation. • Prices decline modestly. The National Association of Realtors (NAR) reported that sales of existing homes dropped 9.7% (-26.6% y/y) during May to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2020
Chicago Fed National Index Signals Easing in Recession in May
• Indicators of modest improvement were broad-based. • Employment cutbacks abate. The Federal Reserve Bank of Chicago reported that the National Activity Index (CFNAI) improved to 2.61 during May from a record negative reading a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 19 2020
FIBER: Industrial Commodity Prices Continue to Improve
• Prices post broad-based increases. • Crude oil prices lead the upturn. • Metals prices firm. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.8% during the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2020
U.S. Leading Indicators Increase in May
• Broad-based component gains lift the leading index. • Coincident indicators rebound moderately. • Lagging indicators indicate less economic stress. The Conference Board reported that its Composite Index of Leading Economic [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2020
Philadelphia Fed Manufacturing Activity Strengthens
• Business conditions index is positive for first time since February. • Component gains are broad-based. • Expectations improve sharply. The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business [...]
by:Tom Moeller
|in:Economy in Brief
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