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 [...]
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| Jan 30 2018U.S. Consumer Confidence Firms
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2018
U.S. Gasoline & Crude Oil Prices Strengthen
Retail gasoline prices rose to $2.61 per gallon (13.5% y/y) last week from $2.57 per gallon. It was the highest level since mid-September. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2018
Texas Factory Index Nears 2005 High
Business in Texas is strengthening. The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the January General Business Activity Index increased to 33.4, its highest level in more than 12 years, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2018
U.S. Personal Spending Outpaces Income
Individuals extended the recent buying trend and dipped into savings last month. Personal consumption expenditures increased 0.4% (4.6% y/y) during December following a 0.8% November rise, revised from 0.6%. A 0.4% improvement had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2018
U.S. GDP Growth Slips, Held Back by Foreign Trade & Inventories
Economic growth eased slightly at yearend as GDP posted a 2.6% advance (AR) during Q4'17, following roughly 3.0% growth in each of the prior two quarters. Growth picked up, however, from Q4-to-Q4 to 2.5%, its quickest advance in three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2018
U.S. GDP Growth Slips, Held Back by Foreign Trade & Inventories
Economic growth eased slightly at yearend as GDP posted a 2.6% advance (AR) during Q4'17, following roughly 3.0% growth in each of the prior two quarters. Growth picked up, however, from Q4-to-Q4 to 2.5%, its quickest advance in three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2018
Kansas City Federal Reserve Factory Index Improves
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity rebounded to 16 in January following two months of decline. Despite the increase, the figure remained near its recent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2018
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% (5.7% y/y) during December following a 0.5% November rise, revised from 0.4%. A 0.5% gain had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2018
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance applications increased to 233,000 (-7.6% y/y) during the week ended January 20 from 216,000 claims in the prior week, revised from 220,000. Expectations had been for an increase to 235,000 claims in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2018
U.S. Mortgage Loan Applications & Interest Rates Continue Upward
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index rose 4.5% last week (6.8% y/y) following a 4.1% rise during the prior week. Purchase loan applications strengthened 6.1% (8.7% y/y) following [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2018
U.S. Existing Home Sales & Prices Rise in 2017
The National Association of Realtors reported that sales of existing homes in 2017 improved 2.0% to 5.547 million units. It was the highest level of sales since 2006, despite a December decline of 3.6% (+1.1% y/y) to 5.570 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2018
U.S. FHFA House Price Gains Continue to Diverge
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 6.6% y/y during November. The rate of increase has picked up from its low of 5.2% in 2014. In the month of November, prices rose 0.4% m/m after a 0.6% October [...]
by:Tom Moeller
|in:Economy in Brief
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