The Mortgage Bankers Association reported that its Mortgage Loan Application Index weakened 8.4% (+175.3% y/y) during the week ending March 13 after a 55.4% jump in the prior week. The decline occurred as refinancings fell 10.4% [...]
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 18 2020U.S. Mortgage Applications Edge Lower as Interest Rate Rose in Early March
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2020
U.S. Housing Starts & Building Permits Ease in February
Housing starts fell 1.5% (+39.2% y/y) during February to 1.599 million units (SAAR) from 1.624 million in January, revised from 1.567 million. Starts in December were revised down to 1.601 million from 1.626 million. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2020
U.S. Housing Starts & Building Permits Ease in February
Housing starts fell 1.5% (+39.2% y/y) during February to 1.599 million units (SAAR) from 1.624 million in January, revised from 1.567 million. Starts in December were revised down to 1.601 million from 1.626 million. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Business Inventories Ease in January While Sales Strengthen
Total business inventories slipped an expected 0.1% (+1.1% y/y) during January following an unrevised 0.1% December gain. The anticipated figure is from the Informa Global Markets survey. Business sales increased 0.6% (+2.1% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Retail Sales Weaken Broadly Ahead of Major Coronavirus Impacts
Total retail sales including food service establishments declined 0.5% (+4.3% y/y) during February after rising 0.6% in January, revised from 0.3%. A 0.2% gain had been expected in the Action Economics Forecast Survey. Retail sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Gasoline & Oil Prices Fall Further
Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Gasoline & Oil Prices Fall Further
Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Gasoline & Oil Prices Fall Further
Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Gasoline & Oil Prices Fall Further
Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2020
U.S. Gasoline & Oil Prices Fall Further
Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2020
Empire State Manufacturing Conditions Index Collapses
The Empire State Manufacturing Index of General Business Conditions fell to -21.5 during March from 12.9 in February. It was the weakest reading since March 2009. A level of 5.0 had been expected in the Action Economics Forecast [...]
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
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