The Federal Reserve lowered the target for the Fed Funds rate by 100 basis points to a range of 0.00% to 0.25%. In the Fed's press release, it stated "The coronavirus outbreak has harmed communities and disrupted economic activity in [...]
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 16 2020
FOMC Lowers Fed Funds Rate to Zero Citing Coronavirus
by:Tom Moeller
|in:Economy in Brief
Global| Mar 16 2020
FOMC Lowers Fed Funds Rate to Zero Citing Coronavirus
The Federal Reserve lowered the target for the Fed Funds rate by 100 basis points to a range of 0.00% to 0.25%. In the Fed's press release, it stated "The coronavirus outbreak has harmed communities and disrupted economic activity in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 16 2020
FOMC Lowers Fed Funds Rate to Zero Citing Coronavirus
The Federal Reserve lowered the target for the Fed Funds rate by 100 basis points to a range of 0.00% to 0.25%. In the Fed's press release, it stated "The coronavirus outbreak has harmed communities and disrupted economic activity in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 16 2020
FOMC Lowers Fed Funds Rate to Zero Citing Coronavirus
The Federal Reserve lowered the target for the Fed Funds rate by 100 basis points to a range of 0.00% to 0.25%. In the Fed's press release, it stated "The coronavirus outbreak has harmed communities and disrupted economic activity in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 13 2020
U.S. Housing Affordability Increases as Mortgage Rates Decline
The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index improved 4.1% m/m (9.2% y/y) to 168.4 in January following a 1.2% decline during December. It was the highest level of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 13 2020
U.S. Import and Export Prices Fall
Import prices declined during 0.5% (-1.2% y/y) during February after holding steady in January. A 1.0% decline had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted and do not include [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 13 2020
U.S. Housing Affordability Increases as Mortgage Rates Decline
The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index improved 4.1% m/m (9.2% y/y) to 168.4 in January following a 1.2% decline during December. It was the highest level of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 12 2020
U.S. Producer Prices Fall Sharply; Core Prices Ease
The Producer Price Index for final demand declined 0.6% (+1.3% y/y) during February following a 0.5% January rise. It was the largest m/m weakening since January 2015. A 0.1% decline had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 11 2020
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government ran a $235.34 billion budget deficit during February compared to a $233.98 billion deficit twelve months earlier. A $239.3 billion deficit had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 11 2020
U.S. Mortgage Applications Surge as Interest Rates Decline
The Mortgage Bankers Association reported that its Mortgage Loan Application Index rose 55.4% (205.2% y/y) during the week ending March 6 after a 15.1% gain in the prior week. The jump occurred as refinancings rose 78.6% (479.2% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 11 2020
U.S. Consumer Price Inflation Continues to Be Tame
The Consumer Price Index edged 0.1% (2.3% y/y) higher during February for the second consecutive month. These gains followed two months of 0.2% increase. Expectations in the Action Economics Forecast Survey were for no change in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 10 2020
U.S. Small Business Optimism Improves Slightly
The National Federation of Independent Business (NFIB) indicated that its Small Business Optimism Index improved 0.2% (2.8% y/y) to 104.5 during February and added to its 1.6% January rise. The reading remained 4.0% below the high [...]
by:Tom Moeller
|in:Economy in Brief
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