The Mortgage Bankers Association reported that its Mortgage Loan Index strengthened 9.6% (79.5% y/y) in the week ending November 8 after easing 0.1% w/w in the previous week. Purchase applications increased 5.1% w/w (14.8% y/y) and [...]
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| Nov 13 2019
U.S. Mortgage Applications Surge
by:Tom Moeller
|in:Economy in Brief
Global| Nov 13 2019
U.S. CPI Firms as Energy Prices Strengthen
The Consumer Price Index increased 0.4% (1.8% y/y) during October following stability in September. It was the largest increase since March. Expectations had been for a 0.3% rise in the Action Economics Forecast Survey. The CPI [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 13 2019
U.S. Energy Prices Rise
Retail gasoline prices edged higher to $2.62 per gallon last week (-2.6% y/y) from $2.61 in the previous week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally-adjusted [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 12 2019
U.S. Small Business Optimism Improves Slightly
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index rose 0.6% (-4.7% y/y) to 102.4 during October and recovered half of the September decline. The index remained near its recent low, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 11 2019
FIBER: Industrial Commodity Prices Rise
Recent improvement in factory production lent some life to pricing power in the sector. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 2.2% during the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2019
U.S. Wholesale Inventories Decline While Sales Hold Steady
Wholesale inventories fell 0.4% during September (+4.8% y/y) following a 0.1% August gain, revised from 0.2%. A 0.3% decline had been expected in the Informa Global Markets Survey. Durable goods inventories eased 0.1% (+6.9% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2019
U.S. Wholesale Inventories Decline While Sales Hold Steady
Wholesale inventories fell 0.4% during September (+4.8% y/y) following a 0.1% August gain, revised from 0.2%. A 0.3% decline had been expected in the Informa Global Markets Survey. Durable goods inventories eased 0.1% (+6.9% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 07 2019
U.S. Consumer Credit Usage Slows Sharply
The weakening in September retail sales reported last month was very much in evidence in today's consumer credit report. Consumer Credit Outstanding increased $9.52 billion (4.9% y/y) during September following a $17.83 billion August [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 07 2019
U.S. Initial Unemployment Insurance Claims Decline
Initial applications for unemployment insurance fell to 211,000 (-4.3% y/y) during the week ended November 2 from 219,000 in the prior week, revised from 218,000. It was the lowest number of claims in four weeks. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 06 2019
U.S. Mortgage Applications and Interest Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Index slipped 0.1% (+58.5% y/y) in the week ending November 1 after rising 0.6% w/w in the previous week. Purchase applications fell 2.5% w/w (+6.6% y/y) and reversed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 06 2019
U.S. Productivity Slips; Unit Labor Costs Remain Firm
Productivity in the nonfarm business sector eased 0.3% at an annual rate (+1.4% y/y) during Q3'19 following a 2.5% Q2 rise, revised from 2.3%. It was the first decline in productivity since Q4'15. Expectations had been for a 0.9% rise [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 05 2019
U.S. Trade Deficit Narrows; Exports & Imports Decline
The U.S. trade deficit in goods and services declined to $52.45 billion in September from a little-revised 55.04 billion in August. A $52.5 billion deficit had been expected in the Action Economics Forecast Survey. Exports eased 0.9% [...]
by:Tom Moeller
|in:Economy in Brief
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