At today's meeting of the Federal Open Market Committee, the targeted federal funds rate was held steady in a range of 1.00% to 1.25%. This followed two increases earlier this year. Additionally, the Fed indicated that shrinking its [...]
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| Jul 26 2017
FOMC Holds Rates Steady; Asset Sales to Begin Soon
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2017
FOMC Holds Rates Steady; Asset Sales to Begin Soon
At today's meeting of the Federal Open Market Committee, the targeted federal funds rate was held steady in a range of 1.00% to 1.25%. This followed two increases earlier this year. Additionally, the Fed indicated that shrinking its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2017
U.S. New Home Sales Rise as Prices Fall Sharply
Sales of new single-family homes improved 0.8% to 610,000 during June following a 4.9% May increase to 605,000, revised from 610,000. Despite the rise, sales were 4.4% below the March peak. Expectations had been for 615,000 sales in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2017
U.S. Mortgage Loan Applications Tick Higher
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index rose 0.4% (-23.3% y/y) in the week ended July 21 following a 6.3% increase in the prior week. Applications to refinance increased 3.4% (-41.4% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 25 2017
U.S. Energy Prices Improve
Regular gasoline prices rose to $2.31 per gallon last week (6.0% y/y) from $2.28 in the prior week. They remained down, however, versus the high of $2.45 per gallon in late-April. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 25 2017
U.S. Consumer Confidence Strengthens
The Conference Board Consumer Confidence Index jumped 3.2% (25.2% y/y) during July to 121.1 following a 0.3% June dip, revised from +1.1%. Despite the increase, the index remained 3.0% below its March peak, which was its highest level [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 25 2017
U.S. FHFA House Price Inflation Remains Firm
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 7.5% (AR) during the last three months, compared to a 6.2% gain during all of last year. In May, prices rose 0.4% (6.9% y/y) following a 0.6% April gain, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 24 2017
U.S. Existing Home Sales Ease While Prices Improve
Sales of existing homes declined 1.8% (+0.7% y/y) during June to 5.520 million units (AR) from an unrevised 5.620 million in May. It was the lowest level of sales since February. Expectations were for 5.580 million sales in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 21 2017
U.S. Unemployment Rate Decline Varies Greatly by State
Unemployment at a 10-year low of 4.5% reflected 1.4% y/y growth in employment and a dampened 0.8% gain in the size of the labor pool. Amongst the states, unemployment continued to be widely divergent. Two states held above the 6.0% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2017
U.S. Leading Economic Indicator Gain Improves
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% (4.0% y/y) during June following a 0.2% May gain, revised from 0.3%. It was the strongest increase since January. A 0.3% rise had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2017
Philadelphia Fed Factory Conditions Index Declines Further
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index fell to 19.5 during July and added to its June decline to 27.6. It was the lowest reading since November. The figure compared to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2017
U.S. Initial Unemployment Insurance Claims Return to Nine-Week Low
Initial claims for jobless insurance claims fell to 233,000 (-4.4%) during the week ended July 15 from 248,000 in the prior week, revised from 247,000. Expectations called for 245,000 claims in the Action Economics Forecast Survey. It [...]
by:Tom Moeller
|in:Economy in Brief
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