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 [...]
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| Jul 29 2019Texas Factory Sector Activity Moderation Continues
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
- Global| Jul 23 2019
U.S. Existing Home Sales Decline As Prices Rise
The National Association of Realtors reported that sales of existing homes declined 1.7% in June (-2.2% y/y) to 5.270 million (SAAR) from 5.360 million during May, revised from 5.340 million. Sales remained 6.9% higher than the recent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2019
U.S. FHFA House Price Index Increases Minimally M/M, Weakens Y/Y
The Federal Housing Finance Agency (FHFA) reported that its House Price Index for home purchases inched 0.1% higher during May after an unrevised 0.4% April rise. It was the weakest m/m gain since January 2017 and lowered the y/y rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2019
U.S. Energy Product Prices Slip
The pump price for a gallon of regular gasoline in the U.S. backpedaled to $2.75 (-2.9% y/y) last week, reversing most of the prior week's rise to $2.78 per gallon. The price was near the middle of the range beginning in late-March. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2019
Chicago Fed National Activity Index Steadies
The Federal Reserve Bank of Chicago reported that its National Activity index was little changed at -0.02 during June. That came after rising to -0.03 in May from April's -0.73. The three-month moving average also was steady last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2019
FIBER: Industrial Commodity Prices Stabilize
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) was fairly steady during the last four weeks, rising 0.3% as activity in the industrial sector improved. The price index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2019
U.S. Leading Economic Indicators Decline
The Conference Board's Composite Index of Leading Economic Indicators fell 0.3% (+1.6% y/y) during June following unrevised stability in May. It was the first decline in six months. A 0.1% uptick had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
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