Economic growth slowed in the second quarter at an unrevised 2.0% rate. The figure matched expectations in the Action Economics Forecast Survey. Last quarter's increase compared to a 3.1% rise in the first quarter. GDP growth slowed [...]
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| Sep 26 2019U.S. GDP Growth Is Unrevised; The Economy Continues to Increase at a Moderate Pace
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2019
U.S. New Home Sales & Prices Increase Unexpectedly
Sales of new single-family homes rose 7.1% (18.0% y/y) during August to 713,000 (SAAR) from 666,000 in July, revised from 635,000. Sales of 656,000 had been expected in the Action Economics Forecast Survey. These sales are recorded [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2019
U.S. Mortgage Loan Applications Weaken as Interest Rates Remain Elevated
The Mortgage Bankers Association reported that its Mortgage Loan Index declined 10.1% (+45.3% y/y) in the week ending September 20, following a 0.1% dip during the prior week. Applications to refinance a loan declined 15.2% (+103.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2019
U.S. Consumer Confidence Weakens
The Conference Board's Consumer Confidence Index declined 6.8% (-7.5% y/y) during September to 125.1 from a downwardly revised 134.2 in August. A rise to 133.0 had been expected in the Action Economics Forecast Survey. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2019
Philadelphia Fed Nonmanufacturing Business Activity Backpedals
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level fell to 29.4 in September after rising to 32.5 in August. Improving, however, was the index of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2019
U.S. Crude Oil Market Calms Down, but Gasoline Prices Rise
The surge in crude oil prices after last week's attack on Saudi Arabian oil fields has given way more or less to stability. The price of West Texas Intermediate crude oil fell to levels close to $58.00 per barrel this week after [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 23 2019
Chicago Fed National Activity Index Improves
The Federal Reserve Bank of Chicago reported that its National Activity Index rose to 0.10 during August from -0.41 in July. The three-month moving average, which irons out volatility in the monthly figures, rose to -0.06 last month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2019
FIBER: Industrial Materials Prices Stabilize
Recent improvement in factory production has given support to industrial materials prices. The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) edged 0.1% higher during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2019
U.S. Leading Economic Indicators Hold Steady
The Conference Board's Composite Index of Leading Economic Indicators was unchanged during August (1.1% y/y) following a 0.4% July increase, revised from 0.5%. The index has been trending sideways since late-last year. A 0.1% increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2019
Philadelphia Fed Manufacturing Survey Indicates Continued Growth
The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index declined to 12.0 in September following a reading of 16.8 in August. It was the lowest figure in three months, but was higher [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2019
FOMC Cuts Interest Rates as Growth & Trade War Concerns Rise
The Federal Reserve lowered the target for the Fed Funds rate by 25 basis points to a range of 1.75% to 2.00% at today's FOMC meeting. The action was expected in the Action Economics Forecast Survey, which does not foresee further [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2019
U.S. Weekly Mortgage Loan Application Strength Cools as Rates Surge
The Mortgage Bankers Association reported that its total Mortgage Applications Index eased 0.1% (+66.2% y/y) in the week ending September 13, following a 2.0% increase during the prior week. Applications to refinance a loan declined [...]
by:Tom Moeller
|in:Economy in Brief
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