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 [...]
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 22 2017Kansas City Federal Reserve Factory Index Improves
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
- Global| Jun 20 2017
Philadelphia Fed Nonmanufacturing Business Conditions Improve Slightly
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions in June rose to 28.0 from 25.8 during May. The index remained down, however, versus the February high of 38.0. Forty-one percent of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2017
U.S. Current Account Deficit Deepens
The U.S. current account deficit of $116.8 billion during Q1'17 was larger than a revised $114.0 billion in Q4'16. The Q1 deficit figure compared to $123.6 billion expected in the Action Economics Forecast Survey. The latest quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2017
FIBER: Industrial Commodity Prices Soften
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 2.7% during the last four weeks, but remained up 9.1% during the last twelve months. This adds to the strength [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2017
U.S. Labor Market Improvement Slows
The Labor Market Conditions Index (LMCI) from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2017
U.S. Housing Starts Decline to Eight-Month Low
New home building continued to exhibit weakness last month. Total housing starts fell 5.5% (-2.6% y/y) during May to 1.092 million (AR) from 1.156 million in April, revised from 1.172 million. It was the lowest level of starts since [...]
by:Tom Moeller
|in:Economy in Brief
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