Factory orders increased 1.8% (-0.4% y/y) during December following a 1.2% November decline, revised from -0.7% m/m. A 1.2% rise had been expected in the Action Economics Forecast Survey. Durable goods orders surged 2.4% (-3.6% y/y, [...]
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| Feb 04 2020U.S. Factory Orders Rebound; Inventories Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2020
U.S. Gasoline & Crude Oil Prices Weaken Further
Retail gasoline prices fell to $2.46 per gallon (+8.9% y/y) in the week ended February 3 from $2.51 per gallon in the previous week. This was the fourth consecutive weekly decline and the lowest price since March 2019. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2020
U.S. Light Vehicle Sales Strengthen
The Autodata Corporation reported that sales of light vehicles during January edged 1.1% higher (2.0% y/y) to 17.05 million units (SAAR) from 16.87 million in December. During the last three months, sales averaged 17.00 million units, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2020
ISM Manufacturing Index Jumps; Prices Strengthen
Activity in the factory improved last month. The Institute for Supply Management (ISM) reported that its composite index of manufacturing sector activity for January rose to 50.9 after falling to 47.8 in December, revised from 47.2. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2020
U.S. Chicago Business Barometer Weakens Unexpectedly
The Chicago Purchasing Managers' Business Barometer declined to 42.9 during January from 48.2 in December. It was the lowest level since December 2015. The Action Economics Forecast Survey expected 48.2. Readings back through 2017 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2020
U.S. Personal Spending & Income Gains Slow
Personal consumption expenditures improved 0.3% (5.0% y/y) during December following an unrevised 0.4% November rise. The increase matched expectations in the Action Economics Forecast Survey. During all of 2019, consumer spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2020
U.S. GDP Growth Remains Moderate; Domestic Demand Weakens
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019. That roughly equaled the growth during the prior two periods and left it at 2.3% for all of 2019. It was the weakest quarterly rate of growth since 2016 and met the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2020
U.S. GDP Growth Remains Moderate; Domestic Demand Weakens
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019. That roughly equaled the growth during the prior two periods and left it at 2.3% for all of 2019. It was the weakest quarterly rate of growth since 2016 and met the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2020
FOMC Leaves Rates Unchanged
The Federal Reserve kept the target range for the Federal funds rate at 1.50%-to-1.75% at today's FOMC meeting. The lack of action was expected in the Action Economics Forecast Survey. The decision was unanimous amongst FOMC voters. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2020
U.S. Pending Home Sales Decline Throughout the Country
U.S. pending home sales fell 4.9% (+4.6% y/y) during December, according to the National Association of Realtors (NAR). The shortfall was the second in the last three months. During all of 2019, the average index level of 105.7 was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2020
U.S. Mortgage Applications Surge as Interest Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Index increased 7.2% during the week of January 24 following a 1.2% dip in the prior week. Applications were two-thirds higher than one year earlier. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2020
Kansas City Fed Factory Index Moves Toward Breakeven; Expectations Rise
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing business activity improved to -1 in January following December's sharp deterioration to -5. These negative readings still indicate declining [...]
by:Tom Moeller
|in:Economy in Brief
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