The housing market remains in good shape. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 7.2% to 74 during December, the highest level since July 1999, up 7.2% y/y. Expectations [...]
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| Dec 18 2017U.S. Home Builder Index Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2017
Empire State Factory Sector Index Slips
The Empire State Manufacturing Index of General Business Conditions in December fell to 18.0 following an unrevised decline to 19.4 during November. The latest level was the lowest since July, but continued to indicate expansion in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 15 2017
U.S. Industrial Production Gain Impacted by Post Hurricane Rebound
The Federal Reserve indicated that industrial production rose 0.2% during November (3.4% y/y) following a 1.2% October rise, revised from 0.9%. A 0.3% increase had been expected in the Action Economics Forecast Survey. The Fed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2017
U.S. Import and Export Prices Strengthen
Import prices rose increased 0.7% in November (3.1% y/y) following a 0.1% October uptick, revised from 0.2% reported initially. The latest gain matched expectations in the Action Economics Forecast Survey. These figures are not [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2017
U.S. Initial Unemployment Insurance Applications Decline
Initial claims for unemployment insurance fell to 225,000 (-7.8% y/y) in the week ended December 9 from an unrevised 236,000 in the prior week. Expectations had been for 237,000 claims in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 14 2017
U.S. Retail Buying Strengthens Unexpectedly
The consumer exhibited noticeable buying power last month. Total retail sales and spending at restaurants jumped 0.8% (5.8% y/y) during November following a 0.5% October increase, revised from 0.2%. A 0.3% improvement had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2017
FOMC Increases Rates as Economy Firms
At today's meeting of the Federal Open Market Committee, the federal funds rate target was raised to a range of 1.25 percent to 1.50 percent from 1.00 percent to 1.25 percent. It was the third action taken this year, lifting rates [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2017
U.S. CPI Strengthens With Higher Energy Prices; Core Pricing Moderates
The Consumer Price Index increased 0.4% (2.2% y/y) during November following a 0.1% October rise. The gain matched expectations in the Action Economics Forecast Survey. Prices excluding food & energy rose 0.1% (1.7% y/y). A 0.2% gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2017
U.S. JOLTS: Job Openings Rate Dips; Hiring Rate Improves
The Bureau of Labor Statistics reported that the total job openings rate in October eased from the record high of 4.0% to 3.9%. The hiring rate rose, however, to 3.8% and equaled the expansion high. These figures are from the Job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2017
U.S. Payrolls Exhibit Steady Growth; Jobless Rate Is Unchanged & Wages Inch Higher
The labor market remained on a firm footing last month. Nonfarm payrolls increased 228,000 (1.4% y/y) during November following a 244,000 October increase. Together these two figures were revised up by 3,000. A 198,000 increase in [...]
by:Tom Moeller
|in:Economy in Brief
The labor market remained on a firm footing last month. Nonfarm payrolls increased 228,000 (1.4% y/y) during November following a 244,000 October increase. Together these two figures were revised up by 3,000. A 198,000 increase in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2017
U.S. Consumer Credit Usage Picks Up
Consumer credit outstanding increased $20.52 billion during October after a $19.22 billion September rise, revised from $20.84 billion. It was the strongest increase since November 2016. A $17.0 billion gain had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
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