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 [...]
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 24 2019U.S. Crude Oil Market Calms Down, but Gasoline Prices Rise
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
- Global| Sep 18 2019
U.S. Housing Starts Surge to 12-Year High
New residential building activity strengthened last month. Housing starts jumped 12.3% (6.6% y/y) during August to 1.364 million units (AR) from 1.215 million in July, revised from 1.191 million. Starts in June were revised slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2019
U.S. Home Builder Sentiment Continues to Increase
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose to 68 in September from 67 during August. It was the highest level since October of last year, but it remained below the expansion high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2019
U.S. Industrial Production Strengthens
Industrial production rebounded 0.6% (0.4% y/y) during August following a 0.1% easing in July, revised from -0.2%. A 0.2% gain had been expected in the Action Economics Forecast Survey. Factory sector output improved 0.5% (-0.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2019
U.S. Crude Oil Prices Surge after Attack
After an attack on a Saudi Arabian oil facility on Sunday, the price of West Texas Intermediate crude oil strengthened to $62.90 per barrel yesterday from $54.85 on Friday. The outsized jump placed the price of crude oil slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2019
Empire State Manufacturing Activity Weakens; Expectations Dour
The Empire State Manufacturing Index of General Business Conditions for September eased to 2.0 from 4.8 in August. A reading of 3.9 had been expected in the Action Economics Forecast Survey. A steady 27% of respondents reported that [...]
by:Tom Moeller
|in:Economy in Brief
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