The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6, the highest level since December 2000. February's level was revised higher to 116.1 from 114.8. The Action Economics Forecast Survey [...]
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| Mar 28 2017
U.S. Consumer Confidence Improves Significantly
by:Tom Moeller
|in:Economy in Brief
Global| Mar 28 2017
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week. 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| Mar 27 2017
Texas Factory Sector Activity Remains Strong
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March, but remained near the highest level of the economic expansion. The production reading [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 27 2017
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The National Association for Business Economics expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017. The gains follow 1.6% growth in 2016 and a 2015 advance of 2.6%. Quarterly GDP growth is expected to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2017
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims. The department has detected an incorrect application of seasonal factors. Seasonally adjusted series in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2017
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February following a 2.3% January gain, initially reported as 1.8%. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The headline rise in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2017
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity increased to 20 during March from an unrevised 14 in February. It was the highest level since March 2011. Strength in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2017
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR) from January's 558,000, revised from 555,000. Expectations had been for 565,000 sales in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2017
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18 from 243,000 in the prior week, revised from 241,000. The latest level was the highest in seven weeks. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2017
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February, and reversed January's increase. Expectations had been for 5.590 million purchases in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2017
U.S. FHFA House Price Index Momentum Diminishes
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices remained unchanged during January following a 0.4% December increase and a 0.6% November improvement. From January 2016 to January 2017, the home price index rose [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2017
U.S. Petroleum Prices Stabilize; Natural Gas Strengthens
Regular gasoline prices held steady last week at $2.32 per gallon (+15.6% y/y). Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump [...]
by:Tom Moeller
|in:Economy in Brief
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