• Crude oil prices slid lower last week and dropped further yesterday. • Gasoline prices fall as drivers stay off the road. • Natural gas prices ease. The spot price of West Texas Intermediate crude oil weakened to $20.10 (-68.5% 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| Apr 21 2020U.S. Petroleum Prices Plunge as Demand Dries Up
by:Tom Moeller
|in:Economy in Brief
Global| Apr 21 2020U.S. Petroleum Prices Plunge as Demand Dries Up
• Crude oil prices slid lower last week and dropped further yesterday. • Gasoline prices fall as drivers stay off the road. • Natural gas prices ease. The spot price of West Texas Intermediate crude oil weakened to $20.10 (-68.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 21 2020U.S. Petroleum Prices Plunge as Demand Dries Up
• Crude oil prices slid lower last week and dropped further yesterday. • Gasoline prices fall as drivers stay off the road. • Natural gas prices ease. The spot price of West Texas Intermediate crude oil weakened to $20.10 (-68.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 20 2020Chicago Fed National Activity Index Signals Recession
• The Federal Reserve Bank of Chicago indicated that the economy entered a downturn in the wake of the COVID-19 outbreak. The National Activity Index (CFNAI) declined to -4.19 during March from 0.06 in February, revised from 0.16. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 17 2020U.S. Leading Economic Indicators Plunge
• Record decline of 6.7% in leaders reflects widespread effects from coronavirus. • Coincident indicators signal nascent recession. • Lagging indicators confirm large downshift in economy. The Conference Board reported that its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 16 2020Philadelphia Fed Manufacturing Index Plunges in April
• Business activity weakens broadly. • Improved expectations reading likely helped by stimulus plan. The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined sharply to -56.6 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 16 2020U.S. Housing Starts & Building Permits Collapse in March
• The housing sector is hard hit by the spread of the coronavirus. • Falling permits suggest more weakness to come. New residential home building weakened dramatically last month and likely will fall further. Housing starts declined [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 16 2020U.S. Leading Economic Indicators Plunge
• Record decline of 6.7% in leaders reflects widespread effects from coronavirus. • Coincident indicators signal nascent recession. • Lagging indicators confirm large downshift in economy. The Conference Board reported that its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 16 2020U.S. Housing Starts & Building Permits Collapse in March
• The housing sector is hard hit by the spread of the coronavirus. • Falling permits suggest more weakness to come. New residential home building weakened dramatically last month and likely will fall further. Housing starts declined [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 16 2020U.S. Housing Starts & Building Permits Collapse in March
Housing starts declined 22.3% (+1.4% y/y) during March to 1.216 million units (SAAR). They fell 3.4% in February to 1.564 million, revised from 1.599 million. Total starts are 24.9% below their January peak. The latest level was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 15 2020U.S. Home Builder Sentiment Collapses
• Weakness in housing market is stark. • Few people across regions are looking to buy. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo plummeted 58.3% (-52.4% y/y) to 30 in April from 72 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 15 2020U.S. Mortgage Applications Increase; Interest Rates Are Little Changed
The Mortgage Bankers Association reported that its Mortgage Loan Application Index rose 7.3% (67.9% y/y) in the week ended April 10 after the prior week's 17.9% decline. Applications for refinancing increased 10.1% w/w (192.0% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
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