The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo fell to 64 during June and reversed most of its May improvement. The index remained below the expansion high of 74 reached in December of [...]
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| Jun 17 2019U.S. Home Builder Sentiment Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2019
Empire State Manufacturing Index Turns Negative
The Empire State Manufacturing Index of General Business Conditions declined sharply to -8.6 during June, the first negative index level since October 2016. The Action Economics Forecast Survey expected a June reading of 10.5. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2019
U.S. Industrial Production Rebounds
The industrial sector exhibited life last month. Industrial production increased 0.4% (2.0% y/y) during May and recouped a 0.4% April decline, revised from -0.5%. Output has declined 0.9% since December. A 0.2% increase had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2019
U.S. Retail Sales Firm Broadly; Revisions Show Improvement
Total retail sales increased 0.5% (3.2% y/y) during May following a 0.3% April increase, revised from a 0.2% slip reported initially. A 0.6% gain had been expected in the Action Economics Forecast Survey. Retail sales excluding motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2019
U.S. Import and Export Prices Decline
Import prices fell 0.3% (-1.5% y/y) during May following a 0.1% April improvement, revised from 0.2%. The decline matched expectations in the Action Economics Forecast Survey. These figures are not seasonally adjusted and do not [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2019
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance claims rose to 222,000 in the week ending June 8 from 219,000 during the prior week, revised from 218,000. Claims remained near their lowest level since December 1969. The latest reading compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2019
U.S. Small Business Optimism Strengthens Significantly
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index increased to 105.0 during May, up for the fourth straight month. It was the highest reading since October. The index gained 1.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2019
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government ran a $207.8 billion budget deficit during May compared to a $146.8 billion deficit one year earlier. A $198.2 billion deficit had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2019
U.S. Mortgage Loan Applications Surge; Interest Rates Fall Further
The Mortgage Bankers Association reported that its total Mortgage Applications Index surged 26.8% (45.0% y/y) during the week ending June 7 after the prior week's 1.5% rise. The rise reflected a 46.5% jump in applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2019
U.S. CPI Increases Minimally; Core Prices Remain Tame
Inflation continues to stay under wraps. The Consumer Price Index nudged 0.1% higher (1.8% y/y) during May following a 0.3% April rise. It was the smallest increase since January. The gain matched expectations in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2019
U.S. Small Business Optimism Strengthens Significantly
The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index increased to 105.0 during May, up for the fourth straight month. It was the highest reading since October. The index gained 1.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 11 2019
U.S. Producer Prices Rise Marginally; Core Prices Improve
The Producer Price Index for final demand rose 0.1% during May (1.8% y/y) following a 0.2% April increase. A 0.2% rise had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy increased an [...]
by:Tom Moeller
|in:Economy in Brief
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