The labor market remains on a firm footing. Nonfarm payrolls increased 134,000 (1.7% y/y) during September, though it was the weakest increase in twelve months. The August rise, however, was revised to 270,000 from 201,000, and the [...]
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| Oct 05 2018U.S. Nonfarm Payrolls Rise Modestly But Jobless Rate Falls; Earnings Growth Is Steady
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2018
FOMC Increases Fed Funds Rate Target
The Federal Open Market Committee voted unanimously at today's meeting to increase the federal funds rate target 25 basis points to a range between 2.00% and 2.25%. The last time the range was set this high was in April 2008. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2018
U.S. New Home Sales Increase As Prices Decline
New single-family home sales increased 3.5% (12.7% y/y) during August to 629,000 (SAAR) from 608,000 in July, revised from 627,000. June's sales level also was revised lower to 618,000 from 638,000. Sales during August were 11.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 26 2018
U.S. Mortgage Loan Applications Increase Along With Interest Rates
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 2.9% last week (-15.5% y/y) following a 1.6% rise. The effective interest rate on a 15-year fixed-rate mortgage increased w/w to 4.51%, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2018
U.S. Gasoline Prices Remain High; Crude Oil Costs Strengthen
Gasoline prices, at $2.84 per gallon last week (10.1% y/y), were unchanged from the prior week and have been roughly steady since May. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2018
Philadelphia Fed Nonmanufacturing Business Activity Index Improves
The Federal Reserve Bank of Philadelphia reported that its Nonmanufacturing Business Index of current conditions at the company level increased to 46.8 during September, the highest reading since February 2015. A lessened 40 percent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2018
U.S. Consumer Confidence Improves Again
Consumer confidence during September reached the highest level since September 2000. The Conference Board Consumer Confidence Index strengthened 2.7% (14.8% y/y) to 138.4 from 134.7 in August, initially reported as 133.4. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2018
U.S. FHFA House Price Rise Moderates
The Federal Housing Finance Agency (FHFA) Price Index for house purchases increased 0.2% in July (6.4% y/y) following a 0.3% June gain, revised from 0.2%. It was the weakest increase since March. Over the last three months, the index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2018
U.S. Gasoline Prices Remain High; Crude Oil Costs Strengthen
Gasoline prices, at $2.84 per gallon last week (10.1% y/y), were unchanged from the prior week and have been roughly steady since May. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2018
Texas Factory Sector Index Retreats; Expectations Are Mixed
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index fell to 28.1 during September, the lowest level in four months. Despite its recent sideways movement, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2018
FIBER: Industrial Commodity Prices Weaken
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) eased 0.3% during the last four weeks and extended the decline in prices since the peak in the middle of June. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2018
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%). July's figure was unrevised. Sales remained at the lowest level since February 2016, down 6.6% [...]
by:Tom Moeller
|in:Economy in Brief
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