Personal income increased 0.4% during April following an unrevised March rise. The rise matched expectations in the Action Economics Forecast Survey. Wages & salaries jumped 0.7% (3.7% y/y) after holding steady in March. Rental [...]
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 30 2017U.S. Personal Income & Spending Growth Improve
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2017
Durable Goods Orders Decline Led by Transportation
New orders for durable goods declined 0.7% (+0.9% y/y) during April following a 2.3% March rise, revised from 0.7%. Earlier figures also were revised back to 2002. A 1.1% decrease in orders had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2017
U.S. GDP Growth Revised Up, But Corporate Profits Decline
Economic growth was revised to 1.2% during Q1'17, up from the advance estimate of 0.7%. Growth remained the weakest in three quarters. A 0.8% advance had been expected in the Action Economics Forecast Survey. Raised estimates of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2017
Kansas City Federal Reserve Factory Index Suggests Moderate Growth
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity stood at eight in May, following an unrevised decline to seven in April. It remained down sharply from the March [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2017
U.S. Initial Unemployment Insurance Claims Inch Higher
Initial claims for unemployment insurance nudged up to 234,000 (-12.7% y/y) during the week ended May 20 from 233,000 during the prior week, revised from 232,000. It remained near the lowest level of initial claims since July 1973. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2017
U.S. Mortgage Loan Applications Rebound; Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index increased 4.4% (-16.2% y/y) in the week ended May 19, after a 4.1% decline during the prior week. Refinancing applications rebounded 10.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2017
U.S. Existing Home Sales Decline; Prices Rise
Sales of existing single-family homes declined 2.3% during April to 5.570 million (AR, +1.6% y/y)) from 5.700 million in March, revised from 5.710 million. Expectations had been for 5.640 million purchases in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2017
U.S. FHFA House Price Inflation Is Steady
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 [...]
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
- of1081Go to 306 page