The Federal Reserve Bank of Philadelphia reported in its Manufacturing Business Outlook Survey that the General Business Conditions Index rebounded this month to 13.7 after declining in February to -4.1. A lesser rise to 7.0 had been [...]
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| Mar 21 2019Philadelphia Fed Manufacturing Index Rebounds But Prices Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2019
FOMC Leaves Interest Rates Unchanged and Lowers Expected Growth
The Federal Open Market Committee voted unanimously at today's meeting to leave the federal funds rate target in a range between 2.25% and 2.50%. The action was expected in the Action Economics Forecast Survey. It was indicated at the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2019
U.S. Mortgage Loan Applications Strengthen As Financing Costs Ease
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 1.6% (1.8% y/y) during the week ending March 15. Applications to purchase a home improved 0.3% (0.6% y/y), while refinance activity strengthened [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2019
U.S. Factory Orders Inch Higher; Shipments Fall Again
Manufacturers' orders gained 0.1% (4.2% y/y) during January, the same as in December which was unrevised. The 0.3% rise had been expected in the Action Economics Forecast Survey. Orders for durable goods improved 0.3% (8.4% y/y), [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2019
U.S. Gasoline & Crude Oil Prices Continue to Rise
Petroleum product prices rose further last week. Retail gasoline prices increased to $2.55 per gallon (-1.9% y/y), up for the sixth straight week from the low of $2.25. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2019
U.S. Home Builder Sentiment Remains Improved
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo held steady at 62 during March after increasing to that level in February. The index remained up from the December low of 56, but below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2019
U.S. JOLTS: Job Openings Remain Abundant
The Bureau of Labor Statistics reported that the total job openings rate increased to 4.8% during January and matched the record high. The job openings rate is the job openings level as a percent of total employment plus the job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2019
Empire State Manufacturing Index Retreat Suggests Continued Slow Growth
Slow growth in industrial sector activity is ongoing. That's the message from the latest survey of factory sector activity in New York state. The Empire State Manufacturing Index of General Business Conditions fell to 3.7 this month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2019
U.S. New Home Sales and Prices Decline
New home sales fell 6.9% to 607,000 during January following a December increase to 652,000, revised from 621,000. It was the lowest level of sales in three months. January sales of 623,000 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
The Labor Department reported that import prices rose 0.6% during February (-1.3 y/y) after improving 0.1% in January, revised from a 0.5% decline. A 0.3% rise had been expected in the Action Economics Forecast Survey. These figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2019
U.S. Construction Spending Improves As Public Sector Strengthens
The value of construction put-in-place increased 1.3% (0.3% y/y) during January following a 0.8% December decline, revised from -0.6%. November's figures were revised sharply downward. January's increase was the largest in nine [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2019
U.S. Producer Prices Edge Higher With Energy Price Rise; Core Prices Firm
The headline Final Demand Producer Price Index improved 0.1% during February (1.9% y/y) following three months of slight decline. The Action Economics Forecast Survey expected a 0.2% increase. Producer prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- of1072Go to 217 page