The Federal Reserve Bank of Dallas reported in its Texas Service Sector Outlook Survey that the General Business Activity Index declined to -5.0 during December from 11.4 in November. It was lowest level since August 2016 and below [...]
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| Jan 02 2019Texas Service Sector Business Conditions & Outlook Deteriorate
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2019
Texas Factory Sector Index Plummets; Outlook Worsens
The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index declined to -5.1 during December from 17.6 in November. It was the lowest level since June 2016. The index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2018
Chicago Fed National Activity Index Recovers M/M; Trend Deteriorates
The Federal Reserve Bank of Chicago reported that its November National Activity index increased to 0.22 following deterioration in October to 0.00, revised from 0.24. Working lower, however, was the three-month moving average to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2018
U.S. Personal Income and Spending Gains Slow; Pricing Power Is Weak
Personal income rose 0.2% during November (4.2% y/y) following an unrevised 0.5% October increase. A 0.3% gain was expected in the Action Economics Forecast Survey. Leading last month's rise was a 1.0% hop (5.3% y/y) in proprietors' [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2018
U.S. Durable Goods Orders Improvement Paced by Aircraft
New orders for durable goods rebounded last month. Overall durable goods orders increased 0.8% (5.3% y/y) during November following a 4.3% October decline. A 1.5% increase had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2018
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance applications increased to 214,000 (-12.4% y/y) during the week ended December 15 from an unrevised 206,000 during the prior week. Initial claims remained near the lowest level since 1969. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2018
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators improved 0.2% (5.2% y/y) during November following a 0.3% October decline, revised from +0.1%. No change in the index level had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2018
Philadelphia Fed Manufacturing Index Declines; Pricing Pressure Holds Steady
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index declined to 9.4 during December from 12.9 in November. The Action Economics Forecast Survey median estimate was 15.7. During all of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2018
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance applications increased to 214,000 (-12.4% y/y) during the week ended December 15 from an unrevised 206,000 during the prior week. Initial claims remained near the lowest level since 1969. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2018
FOMC Hikes Interest Rates
The Federal Open Market Committee voted unanimously at today's meeting to increase the federal funds rate target by 25 basis points to a range between 2.25% and 2.50%. It was the ninth increase since December 2015. The action was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2018
U.S. Existing Home Sales Increase
The National Association of Realtors reported that sales of existing homes in November rose 1.9% to 5.320 million units (SAAR). The 7.0% y/y decline was, however, the largest since May 2011. The latest increase followed an unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2018
U.S. Current Account Deficit Deepens
The U.S. current account deficit widened to $124.8 billion during Q3'18 from $101.2 billion in Q2. It was the largest quarterly deficit since Q4'08 and compared to $123.4 billion expected in the Action Economics Forecast Survey. As a [...]
by:Tom Moeller
|in:Economy in Brief
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