Individuals felt the need to bolster savings account balances and pared back spending during January. Additions to savings were aided by tax cuts. Personal consumption expenditures gained 0.2% (4.4% y/y) during January following an [...]
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 01 2018
U.S. Personal Spending Growth Eases as Savings Are Rebuilt
by:Tom Moeller
|in:Economy in Brief
Global| Feb 28 2018
Chicago Purchasing Managers Index Weakens Again
The Chicago Purchasing Managers Business Barometer for February declined to 61.9 following a fall to 65.7 in January. It was the lowest index level since August 2017 and well below December's peak of 67.8. A decline to 64.0 had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 28 2018
U.S. GDP Growth Is Slightly Lessened
In the second estimate of Q4'17 real GDP, the U.S. economy grew 2.5% (AR), slightly less than 2.6% estimated in the advance report. That followed a 3.2% Q3 rise and a 3.1% Q2 gain. Growth picked up, however, from Q4-to-Q4 to 2.5%, its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2018
U.S. Consumer Confidence Firms
The Conference Board Consumer Confidence Index increased 1.9% during January (12.4% y/y) to 125.4 following a 4.3% December decline to 123.1, revised from 122.1. A level of 123.2 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2018
U.S. Consumer Confidence Strengthens to 2000 High
The Conference Board Consumer Confidence Index increased 5.2% during February (12.7% y/y) to 130.8, following a 1.0% January rise to 124.3, revised from 125.4. It was the highest index level since November 2000. A level of 126.7 had [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2018
U.S. FHFA House Price Index Increases
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.5% y/y during December. The rate of increase has improved from 5.3% in 2014 and contrasts to the house price deflation from 2008 to 2011. In the month of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 27 2018
U.S. Gasoline Prices Ease; Crude Oil Costs Rise
Retail gasoline prices slipped to $2.55 per gallon last week (+10.1% y/y) from $2.56 per gallon during the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2018
Texas Factory Sector Index Strengthens
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the February General Business Activity Index improved to 37.2, its highest level since December 2005. Strength in production, shipments and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2018
U.S. New Home Sales & Prices Decline
Sales of new single-family homes fell 7.8% (-1.0% y/y) to 593,000 (SAAR) during January following December's decline to 643,000, revised from 625,000. It was the lowest level of sales since August. Expectations had been for 641,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 23 2018
Kansas City Federal Reserve Factory Index Advances
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity rose to 17 during February, the highest level since October. The index was up from -12 in December 2015. The ISM- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 22 2018
U.S. Leading Economic Indicators Surge
The Conference Board's Composite Index of Leading Economic Indicators strengthened 1.0% during January. That raised the y/y change to 6.2%, its strongest since October 2014. The latest increase followed an unrevised 0.6% December [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 22 2018
U.S. Initial Claims for Unemployment Insurance Ease
Initial unemployment insurance claims fell to 222,000 (-10.9% y/y) during the week ended February 17 from 229,000 in the prior week, revised from 230,000. Expectations had been for 230,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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