The National Association of Realtors (NAR) reported that pending home sales increased 1.5% (0.5% y/y) during June to an index level of 110.2 following declines in four of the prior five months. It was the highest in three months. [...]
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 31 2017U.S. Pending Home Sales Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 31 2017
Chicago Purchasing Managers Index Deteriorates
The Chicago Purchasing Managers Business Barometer for July declined sharply to 58.9 and reversed its unrevised improvement to 65.7 in June. A rise in the index to 60.0 had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2017
U.S. Employment Cost Index Decelerates
The employment cost index for civilian workers rose 0.5% (2.4% y/y) during Q2'17, down from a 0.8% increase in Q1'17. A 0.6% rise had been expected in the Action Economics Forecast Survey. Wages and salaries also increased 0.5% (2.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2017
U.S. GDP Growth Picks Up as Inventories Firm
Economic growth accelerated during Q2'17 to 2.6% (2.1% y/y), the quickest advance in three quarters. Real GDP growth during Q1 was revised to 1.2% from 1.4%. Earlier estimates for 2015 and 2014 were revised slightly higher. Growth of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2017
Kansas City Federal Reserve Factory Index Falls
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity eased to 10 in July, following an unrevised increase to 11 in June. It remained sharply improved versus the negative [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2017
U.S. Initial Claims for Jobless Insurance Rise
Initial unemployment insurance claims increased to 244,000 (-5.2%) during the week ended July 22 from 234,000 in the prior week, revised from 233,000. Expectations called for 240,000 claims in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2017
U.S. Durable Goods Orders Jump; Aircraft Orders Soar
New orders for durable goods strengthened 6.5% (16.1% y/y) during June following a 0.1% May slip, revised from -1.1%. A 2.8% increase in orders had been expected in the Action Economics Forecast Survey. The rise in orders reflected [...]
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
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
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