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 decision was expected in the Action Economics Forecast Survey. The Fed stated that [...]
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 01 2019FOMC Leaves Interest Rates Unchanged
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2019
ISM Manufacturing Index Declines Sharply
The ISM manufacturing index unexpectedly fell to 52.8 in April from 55.3 in March, making it the weakest reading since October 2016. The index remained below its expansion peak of 60.8 last August. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2019
U.S. ADP Private-Sector Payroll Gains Strengthen
ADP indicated in its National Employment Report that private nonfarm payrolls increased 275,000 (2.1% y/y) during April following a 151,000 gain during March, revised from 129,000. The February increase also was revised up to 220,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2019
U.S. Employment Cost Index Increases Steadily
The employment cost index (ECI) for civilian workers rose 0.7% in Q1'19 following a 0.7% Q4'18 gain. The riser matched expectations in the Action Economics Forecast Survey. The increase left y/y compensation growth at 2.9%, up from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2019
U.S. Consumer Confidence Improves
The Conference Board reported that its Consumer Confidence Index increased 4.0% (2.9% y/y) to 129.2 during April and reversed most of the March decline. The m/m rise exceeded expectations in the Action Economics Forecast Survey which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2019
U.S. Employment Cost Index Increases Steadily
The employment cost index (ECI) for civilian workers rose 0.7% in Q1'19 following a 0.7% Q4'18 gain. The gain matched expectations in the Action Economics Forecast Survey. The increase left y/y compensation growth at 2.8%, up from its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2019
U.S. Employment Cost Index Increases Steadily
The employment cost index (ECI) for civilian workers rose 0.7% in Q1'19 following a 0.7% Q4'18 gain. The gain matched expectations in the Action Economics Forecast Survey. The increase left y/y compensation growth at 2.8%, up from its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2019
U.S. Petroleum Prices Strengthen
Retail gasoline prices increased five cents last week to $2.89 per gallon (1.4% y/y) after rising one penny during the prior week. It was the highest level since early-October. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2019
Texas Factory Sector Growth Weakens; Expectations Steady
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index declined to 2.0 during April and added to its March retreat. Nevertheless, the index remained well above [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2019
U.S. Personal Spending Picks Up as Savings Rate Tumbles
Consumer spending strengthened during March at the expense of savings account balances. Personal consumption expenditures surged 0.9% (4.4% y/y) following a 0.1% February uptick and a 0.3% January rise, revised from 0.1%. It was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2019
U.S. GDP Growth Unexpectedly Accelerates as Price Gains Slow
The economy began 2019 on a firm footing. Gross domestic product, adjusted for price inflation, increased 3.2% during Q1 2019. The gain lifted growth during the last four quarters to 3.2%, the strongest increase since Q2 2015. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2019
U.S. GDP Growth Unexpectedly Accelerates as Price Increase Slows
The economy began 2019 on a firm footing. Gross domestic product, adjusted for price inflation, increased 3.2% during Q1 2019. The gain lifted growth during the last four quarters to 3.2%, the strongest increase since Q2 2015. The [...]
by:Tom Moeller
|in:Economy in Brief
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