The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index strengthened 8.3% last week (2.9% y/y) following declines during the prior four weeks. Purchase loan applications rose 5.0% (0.3% y/y) [...]
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 10 2018U.S. Mortgage Loan Applications Surge
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2018
U.S. Wholesale Inventories and Sales Rise
Wholesale inventories increased 0.8% (3.9% y/y) during November following a 0.4% October decline, revised from -0.5%. In the advance report issued on December 28, wholesale inventories were reported up 0.7% m/m in November. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2018
U.S. Import and Export Prices Are Little Changed
Import prices overall ticked 0.1% higher during December following a 0.8% November increase, revised from 0.7%. From December of 2016 to December of 2017, prices increased 3.0%. A 0.4% gain had been expected during last month in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2018
U.S. Gasoline Prices Hold Steady; Crude Oil Prices Strengthen
Retail gasoline prices were unchanged at $2.52 per gallon (5.6% y/y) last week at the highest level since late November. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The price edged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2018
U.S. JOLTS: Job Openings and Hiring Rates Erode
The Bureau of Labor Statistics reported that the total job openings rate in November fell to 3.8%, its lowest level in six months. The hiring rate also fell slightly to 3.7% from the expansion high of 3.8%. These figures are from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2018
U.S. Small Business Optimism Strengthens in 2017
Last year, the Small Business Optimism Index from the National Federation of Independent Business rose to a record 104.8 (1986=100). For December alone, the index eased 2.4% to 104.9 and was 0.9% below one year earlier. A stable 27% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2018
U.S. Consumer Credit Usage Surges
Consumer credit outstanding strengthened $27.96 billion (5.3% y/y) during November after a little-revised $20.53 billion October rise. It was the strongest increase since November 2001. An $18.0 billion gain had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2018
FIBER: Industrial Commodity Prices Continue to Improve
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) rose 2.4% during the last four weeks following a 6.7% during all of last year. Recent price improvement came as U.S. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2018
U.S. Payroll Increase Disappoints; Earnings Gain Picks Up & Jobless Rate Holds Steady
The labor market exhibited tepid growth last month. Nonfarm payrolls increased 148,000 (1.5% y/y) during December following a 252,000 November rise and a 211,000 October gain. Together these two figures were revised down by 9,000. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2018
U.S. Payroll Increase Disappoints; Earnings Gain Picks Up & Jobless Rate Holds Steady
The labor market exhibited tepid performance last month. Nonfarm payrolls increased 148,000 (1.5% y/y) during December following a 252,000 November rise and a 211,000 October gain. Together these two figures were revised down by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2018
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 250,000 (0.4% y/y) during the week ended December 30 following 247,000 claims in the week prior, revised from 247,000. Expectations had been for 239,000 claims in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2018
U.S. ADP Private Payroll Growth Strengthens Unexpectedly
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls rose 250,000 (2.1% y/y) during December, the largest increase since March. The rise followed little- revised increases of 185,000 and 238,000 in [...]
by:Tom Moeller
|in:Economy in Brief
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