The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index fell to 107.9 during September after reaching a record high of 108.8 in August. The index level remained 4.8% higher than it was [...]
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 09 2018U.S. Small Business Optimism Backpedals
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2018
U.S. Consumer Credit Usage Intensifies
Consumer credit outstanding increased $20.07 billion (4.7% y/y) during August after a $16.60 billion July rise, revised from $16.65 billion. It was the strongest gain in three months. A $15.0 billion gain had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2018
U.S. Nonfarm Payrolls Rise Modestly But Jobless Rate Falls; Earnings Growth Is Steady
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 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2018
U.S. Nonfarm Payrolls Rise Modestly But Jobless Rate Falls; Earnings Growth Is Steady
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 [...]
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
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