• The labor market remains firm. • Employment at large companies strengthened last month. The ADP National Employment Report indicated that private nonfarm payrolls improved 183,000 (1.5% y/y) during February following a 209,000 [...]
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 04 2020U.S. ADP Private Payrolls Increase Moderately Again
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
U.S. Light Vehicle Sales Hold Steady in February
The Autodata Corporation reported that sales of light vehicles during February eased 0.2% (+2.0% y/y) to 17.04 million (SAAR) from 17.07 million in January, revised from 17.05 million. During the last three months, sales averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
FOMC Lowers Fed Funds Rate; Cites Coronavirus Concerns
The Federal Reserve lowered the target for the Fed Funds rate by 50 basis points to a range of 1.00% to 1.25%. In the Fed's press release, it indicated that "the coronavirus poses evolving risks to economic activity." "The Committee [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2020
U.S. Petroleum Prices Decline
Retail gasoline prices fell to $2.42 per gallon (0.0% y/y) in the week ended March 1 versus $2.47 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics adjusts prices for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2020
ISM Manufacturing Index Weakens Slightly; Prices Decline
• Production & new orders weakness offset by slower product delivery speeds. • Pricing power eases. Activity in the factory slowed last month. The Institute for Supply Management (ISM) reported that its composite index of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2020
U.S. Personal Spending Decelerates Despite Strong Income Gain
Personal consumption expenditures rose 0.2% (4.5% y/y) during January following a 0.4% December gain, revised from 0.3%. A 0.3% January gain had been expected in the Action Economics Forecast Survey. In constant dollars, spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
Kansas City Fed Factory Indexes Increase
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing business activity rose to 5 in February following January's improvement to -1. This indicates renewed expansion in factory sector activity. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2020
U.S. GDP Growth Is Unrevised
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate. The gain roughly matched growth during the prior two quarters and equaled expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2020
U.S. New Home Sales Jump to 2007 High; Prices Reach Record
Sales of new single-family homes increased 7.9% (18.6% y/y) during January to 764,000 units (SAAR), the highest level since July 2007. Sales increased from 708,000 in December, revised from 694,000. Figures for 2019 were revised. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2020
U.S. Mortgage Applications Increase as Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Application Index rose 1.5% (70.2% y/y) during the week ending February 21 following a 6.4% decline in the previous week. Purchase applications rebounded 5.7% (10.6% [...]
by:Tom Moeller
|in:Economy in Brief
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