The Federal Housing Finance Agency's (FHFA) index of U.S. house prices increased 0.6% during March (6.2% y/y) following an unrevised 0.8% February rise. During the last three months, the 6.5% annualized rate of increase roughly [...]
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| May 24 2017U.S. FHFA House Price Inflation Is Steady
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2017
U.S. Gasoline & Crude Oil Prices Improve
Regular gasoline prices rebounded to $2.40 per gallon last week (4.3% y/y), the highest level in three weeks. Prices remained down five cents versus late April's high and lower than the 2014 high of $3.71 per gallon. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2017
U.S. New Home Sales & Prices Fall Back
Sales of new single-family homes declined 11.4% (+0.5% y/y) during April to 569,000 (AR) from 642,000 in March, revised from 621,000. Earlier figures were revised higher. Expectations had been for 612,000 sales in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2017
Philadelphia Fed Nonmanufacturing Business Conditions Weaken
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions in May fell to 25.8 from 34.9 during April. The index remained up versus one year ago. Forty-four percent of respondents reported an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2017
Chicago Fed National Activity Index Strengthens
The National Activity Index from the Federal Reserve Bank of Chicago increased to 0.49 during April from 0.07 in March. It was the firmest reading since November 2014. The three-month moving average also strengthened to 0.23, its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2017
U.S. Unemployment Varies Greatly Around the Country
As the U.S. unemployment rate declined last month to 4.4%, the lowest level since May 2007, it continued to reflect a wide range of rates amongst states. At the high end were two states which realized unemployment above 6.0%. Several [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2017
U.S. Leading Economic Indicators Improve
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% (3.2% y/y) during April, the same as in March, initially reported as 0.4%. A 0.3% rise had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2017
Philadelphia Fed Factory Conditions Strengthen; Prices Moderate
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index rebounded to 38.8 during May following an unrevised decline to 22.0 in April. The latest monthly reading compared to expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2017
U.S. Initial Claims for Unemployment Insurance Touch 1973 Low
Initial unemployment insurance applications fell to 232,000 during the week ended May 13 from an unrevised 236,000 in the prior week. It was the lowest level of claims since July 1973. Expectations in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2017
U.S. Mortgage Loan Applications Decline; Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index fell 4.1% (-17.9% y/y) in the week ended May 12, after a 2.4% increase during the prior week. Refinancing applications declined 5.7% (-36.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2017
U.S. Gasoline Prices Hold Steady; Crude Oil Declines
Regular gasoline prices held at $2.37 per gallon last week (5.7% y/y), down from $2.45 at the end of April. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2017
U.S. Industrial Production Increases; Factory Output Strengthens
Industrial production increased 1.0% (2.1% y/y) during April following a 0.4% March gain, revised from 0.5%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Manufacturing sector output also rose 1.0% (1.7% [...]
by:Tom Moeller
|in:Economy in Brief
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