Initial claims jobless insurance rose to 215,000 during the week ended July 27 and made up most of the prior week's decline to 207,000, revised from 206,000. The Action Economics Forecast Survey expected 214,000 initial claims. The [...]
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| Aug 01 2019U.S. Initial Unemployment Insurance Claims Rise Slightly
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2019
FOMC Lowers Fed Funds Rate Citing Global Concerns
The Federal Reserve lowered the target for the Fed Funds rate by 25 basis points to a range of 2.00% to 2.25%. The cut followed nine increases from a low just above zero at the end of 2015. The action was expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2019
U.S. Chicago Purchasing Managers Index Continues to Decline
The Chicago Business Barometer fell to 44.4 during July from an unrevised 49.7 in June. It was the lowest reading since December 2015. The Action Economics Forecast Survey expected a reading of 51.3. The Chicago Purchasing Managers [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2019
U.S. ADP Private Payroll Growth Improves
Hiring in the private sector continued its recent upward trend this month. The ADP National Employment Report indicated that private nonfarm payrolls increased 156,000 (1.7% y/y) during July following a 112,000 June rise, revised from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2019
U.S. Consumer Confidence Strengthens
The Conference Board reported that its Consumer Confidence Index jumped 9.2% (6.1% y/y) to 135.7 during July and reversed its 5.3% June decline. It was the highest level since November. An increase to 125.0 had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2019
U.S. Personal Income & Spending Increase Moderately; Revisions Reveal More Saving
Personal income increased 0.4% (4.9% y/y) during June for the fourth consecutive month. May was revised from 0.5%. A 0.3% rise had been expected in the Action Economics Forecast Survey. Revisions indicate more income growth in 2018 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2019
Texas Factory Sector Activity Moderation Continues
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index of -6.3 during July compared to June's -12.1. It was the third consecutive monthly reading which was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2019
U.S. GDP Growth Eases
Economic growth slowed last quarter, but not as much as expected. Real GDP increased 2.1% (AR) in Q2'19 (2.3% y/y) following an unrevised 3.1% increase during Q1. A 1.8% gain had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2019
Kansas City Federal Reserve Factory Sector Index Deteriorates
The Federal Reserve Bank of Kansas City indicated that its index of regional manufacturing sector business activity slipped to -1 in July after falling to zero in June. It was the first negative reading since August 2016 and below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2019
U.S. Durable Goods Orders Rebound as Capital Goods Bounce Back
Manufacturers' orders for durable goods retraced the weakness apparent in last month's report. New orders for durable goods rebounded 2.0% (-1.6% y/y) during June following a 2.3% May decline, revised from -1.3%. A 0.8% June gain had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2019
U.S. New Home Sales and Prices Rise
New home sales rebounded 7.0% (4.5% y/y) during June to 646,000 after falling in May to 604,000, revised down from 626,000. Sales in April and March also were revised lower. Sales of 650,000 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2019
U.S. Mortgage Loan Applications & Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 1.9% (+33.8% y/y) during the week ending July 19, the fourth consecutive weekly decline. The drop reflected a 1.6% shortfall (+6.2% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
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