Real gross domestic product grew 4.2% (AR) during Q2'18 (2.9% y/y), revised higher from 4.1% reported initially. It remained the strongest increase since Q3'14. A 4.0% gain had been expected in the Action Economics Forecast Survey. [...]
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| Aug 29 2018
U.S. GDP Growth Revised Up; Profits Strengthen
by:Tom Moeller
|in:Economy in Brief
Global| Aug 28 2018
U.S. Energy Prices Are Little Changed
The pump price for a gallon of gasoline has been fairly steady near $2.83 per gallon since the end of June. Nevertheless, prices remained up 17.8% y/y. Haver Analytics constructs factors to adjust for the marked seasonal variation in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 28 2018
U.S. Consumer Confidence Strengthens
Consumer confidence improved this month to its firmest level since October 2000. The Conference Board Consumer Confidence Index during August jumped 4.3% (10.8% y/y) to 133.4 from 127.9 in July, initially reported as 127.4. The August [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 28 2018
U.S. Energy Prices Are Little Changed
The pump price for a gallon of gasoline has been fairly steady near $2.83 per gallon since the end of June. Nevertheless, prices remained up 17.8% y/y. Haver Analytics constructs factors to adjust for the marked seasonal variation in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 27 2018
Texas Factory Sector Index Slips
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index fell to 30.9 during August after easing to 32.3 in July. Despite these declines, the index remained up [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 27 2018
Chicago Fed National Activity Index Declines
The Federal Reserve Bank of Chicago reported that its National Activity index fell to 0.13 during July from 0.48 in June. The decline came after two months of great variability. The three-month moving average fell to 0.05, its lowest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2018
U.S. Durable Goods Orders Decline Is Led by Aircraft
New orders for durable goods fell 1.7% (+9.2% y/y) during July following a 0.7% June increase, revised from 1.0%. An unchanged level of orders had been expected in the Action Economics Forecast Survey. A 5.3% decline (+11.8% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2018
Kansas City Federal Reserve Factory Index Weakens Further
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity declined to 14 in August, the lowest level since December. It remained down from the high of 29 three months ago. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2018
U.S. New Home Sales Fall but Prices Increase
The market for new homes varied greatly last month. New single-family home sales declined 1.7% (+12.8% y/y) during July to 627,000 (AR) after a 2.4% June fall to 638,000, revised from 631,000. It remained the lowest level of sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2018
U.S. Initial Unemployment Insurance Claims Ease
The job market remains firm. Initial claims for unemployment insurance fell to 210,000 during the week ended August 18 from an unrevised 212,000 the week earlier. It was the lowest reading in five weeks. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 22 2018
U.S. Existing Home Sales and Prices Ease
The National Association of Realtors reported that sales of existing homes during July moved 0.7% lower (-1.5% y/y) to 5.340 million (AR), following an unrevised 5.380 million during June. It was the fourth consecutive month of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 22 2018
U.S. Mortgage Loan Applications Recover
The Mortgage Bankers Association reported that its total Mortgage Applications Index increased 4.2% last week (-16.1% y/y) following five consecutive weeks of decline. The effective interest rate on a 15-year mortgage was little- [...]
by:Tom Moeller
|in:Economy in Brief
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