The Federal Reserve Bank of Kansas City indicated that its index of regional manufacturing sector business activity eased to four in May from five in April. These figures were below the high of 26 reached last May. The ISM-Adjusted [...]
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| May 23 2019Kansas City Federal Reserve Factory Sector Index Remains Soft
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2019
U.S. New Home Sales Decline While Prices Rise
New home sales declined 6.9% (+7.0% y/y) during April to 673,000 (SAAR) from 723,000 in March, revised from 692,000. Despite the decline, sales were 20.8% higher than the recent low in October. Sales of 671,000 had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2019
U.S. Initial Unemployment Insurance Claims Slip
The labor market remains on a firm footing. Initial claims for unemployment insurance eased 1,000 to 211,000 (-7.6% y/y) during the week ended May 18 from an unrevised 212,000 in the previous week. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2019
U.S. Mortgage Loan Refinancings Surge as Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Index gained 2.4% (15.4% y/y) during the week ending May 17. The rise was driven by an 8.3% jump (31.1% y/y) in applications to refinance an existing loan, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2019
U.S. Mortgage Loan Refinancings Surge as Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Index gained 2.4% (15.4% y/y) during the week ending May 17. The rise was driven by an 8.3% jump (31.1% y/y) in applications to refinance an existing loan, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2019
Philadelphia Fed Nonmanufacturing Business Activity Index Weakens
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level fell to 28.1 during May after rising slightly in April. These figures remain below the high of 45.7 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2019
U.S. Existing Home Sales Continue to Slide
The National Association of Realtors reported that sales of existing homes during April eased 0.4% (-4.4% y/y) to 5.190 million units (SAAR) after an unrevised March decline to 5.210 million. It was the lowest level of sales in three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2019
U.S. Gasoline Prices Slip; Crude Oil Costs Rise
Retail gasoline prices eased another two cents last week to $2.85 per gallon (-2.4% y/y) after falling slightly during the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2019
Chicago Fed National Activity Index Declines
The Federal Reserve Bank of Chicago reported that its National Activity index fell to -0.45 during April after rising to 0.05 in March. Continuing to decline was the three-month moving average to -0.32, its lowest point since May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2019
FIBER: Industrial Commodity Prices Continue Downward
Last week's report that factory sector output fell again in April helps shed light on the recent weakness in industrial commodity prices. The Industrial Materials Price Index from the Foundation for International Business and Economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2019
Chicago Fed National Activity Index Declines
The Federal Reserve Bank of Chicago reported that its National Activity index fell to -0.45 during April, after rising to 0.05 in March. Remaining negative was the three-month moving average, declining to -0.32, its lowest point since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2019
FIBER: Industrial Commodity Prices Continue Downward
Last week's report that factory sector output fell again in April helps shed light on the recent weakness in industrial commodity prices. The Industrial Materials Price Index from the Foundation for International Business and Economic [...]
by:Tom Moeller
|in:Economy in Brief
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