The Conference Board Consumer Confidence Index rose 1.1% during June (22.1% y/y) to 118.9, following a little-revised 1.5% decline during May to 117.6. The index was 4.8% below its March peak, which was its highest level since [...]
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| Jun 27 2017U.S. Consumer Confidence Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2017
U.S. Energy Prices Continue to Decline
Regular gasoline prices fell to $2.29 per gallon last week (-1.8% y/y), the lowest level since early-February. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2017
Texas Factory Sector Improvement Slows
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased in June to 15.0, the lowest level since November. The production reading dropped sharply to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2017
U.S. Durable Goods Orders Drop, But Trend Improvement Remains in Place
New orders for durable goods declined 1.1% during May following an unrevised 0.9% April fall. Despite the decline, orders increased 2.7% y/y after falling 1.7% during all of last year. A 0.6% decrease in orders had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2017
U.S. New Home Sales Improve; Prices Surge to Record
Sales of new single-family homes increased 2.9% during May (8.9% y/y) to 610,000 from 593,000 in April, revised from 569,000. Despite the increase, sales were 5.3% below the March peak. Expectations had been for 595,000 sales in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2017
Kansas City Federal Reserve Factory Index Improves
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity rose to 11 in June, following an unrevised improvement to eight in May. It remained down sharply from the March reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2017
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% (3.5% y/y) during May following a 0.2% April gain, revised from 0.3%. A 0.3% rise had been expected in the Action Economics Forecast Survey. Three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2017
U.S. FHFA House Price Inflation Picks Up
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose at a 9.1% annualized rate during the last three reported months, the strongest rate since May 2013. During April, the index increased 0.7% (6.9% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2017
U.S. Initial Jobless Insurance Claims Rise
Initial claims for unemployment insurance during the week ended June 17 increased to 241,000 (-7.9% y/y) from 238,000 during the prior week, revised from 237,000. Expectations called for 240,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2017
U.S. Existing Home Sales and Prices Increase
Sales of existing single-family homes increased 1.1% during May to 5.620 million (AR, 2.7% y/y) from 5.560 million in April, revised from 5.770 million. Expectations had been for 5.540 million purchases in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2017
U.S. Mortgage Loan Applications Improve
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index gained 0.6% (-14.7% y/y) in the week ended June 16, after a 2.8% increase during the prior week. Purchase applications eased 1.0% (+8.7% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2017
U.S. Gasoline & Crude Oil Prices Decline Further
Regular gasoline prices fell to $2.32 per gallon last week (-1.5% y/y), the lowest level since late-March. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. Since prices normally rise [...]
by:Tom Moeller
|in:Economy in Brief
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