In the third estimate of Q4'17 real GDP, the U.S. economy grew 2.9% (AR), more than 2.5% estimated in the second report and 2.6% in the advance estimate. It followed a 3.2% Q3 rise and a 3.1% Q2 gain. Growth picked up from Q4-to-Q4 to [...]
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| Mar 28 2018U.S. GDP Growth Revised Upward; Corporate Profits Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2018
U.S. Consumer Confidence Weakens
The Conference Board Consumer Confidence Index fell 1.8% during March (+2.2% y/y) to 127.7 following a 4.6% increase during February to 130.0, revised from 130.8. A level of 131.0 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2018
U.S. Gasoline & Crude Oil Prices Strengthen
Retail gasoline prices increased to $2.65 per gallon last week (14.4% y/y) and moved to the highest level since early-September. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2018
Texas Factory Sector Index Weakens
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the March General Business Activity Index declined to 21.4, its lowest level since November. Production, new orders, shipments and employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2018
NABE 2019 Forecast; Moderate GDP Growth & Higher Price Inflation
The National Association for Business Economics forecasts 2.7% growth in real GDP during 2019 following an expected 2.9% rise this year, revised up from the earlier forecast of 2.4% growth. Quarterly GDP growth is expected to average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2018
NABE 2019 Forecast; Moderate GDP Growth & Higher Price Inflation
The National Association for Business Economics forecasts 2.7% growth in real GDP during 2019 following an expected 2.9% rise this year, revised up from the earlier forecast of 2.4% growth. Quarterly GDP growth is expected to average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2018
U.S. New Home Sales Decline While Prices Increase
Sales of new single-family homes slipped 0.6% to 618,000 (SAAR) during February following a January decline to 622,00, revised from 593,000. It was the third consecutive monthly decline from the November peak of 711,000. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2018
U.S. Durable Goods Orders Rebound; Capital Goods Orders Strengthen
New orders for durable goods increased 3.1% (8.9% y/y) during February following a 3.5% January decline, revised from -3.7%. Expectations had been for a 1.6% rise in the Action Economics Forecast Survey. Transportation sector orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2018
Kansas City Federal Reserve Factory Index Holds Steady
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity remained unchanged at 17 during March. The index was up, nevertheless, from -12 in December 2015. The ISM-Adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2018
U.S. Leading Economic Indicators Continue to Rise
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% during February following a 0.8% January gain, revised from 1.0%. The y/y change rose to 6.5%, its strongest since July 2014. A 0.5% rise had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2018
U.S. Initial Claims for Unemployment Insurance Increase Slightly
Initial applications for jobless insurance rose to 229,000 during the week ended March 17 from an unrevised 226,000 in the prior week. Claims remain near the lowest level since December 1969. Expectations had been for 225,000 claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2018
FOMC Lifts Rates as Real Growth & Inflation Firm
At today's meeting of the Federal Open Market Committee, the federal funds rate target was raised to a range of 1.50%-1.75% from 1.25%-1.50%. The financial markets had expected today's action as indicated in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
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