Personal income increased 0.3% (3.5% y/y) during December following a 0.1% November uptick, initially reported as no change. A 0.4% rise had been expected in the Action Economics Forecast Survey. During all of 2016, income grew 3.5%, [...]
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| Jan 30 2017
U.S. Personal Income & Spending Strengthen M/M
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2017
Durable Goods Orders Ease as Aircraft Orders Collapse
New orders for durable declined 0.4% during December (+1.6% y/y) following a little-revised 4.8% November drop. A 3.0% rise had been expected in the Action Economics Forecast Survey. The decline in orders was prompted by a 2.2% drop [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2017
U.S. GDP Growth Slows
Economic growth decelerated during Q4'16 to 1.9% from a 3.5% gain in Q3. For all of last year, growth also decelerated to 1.6% from 2.6% in 2015. The Q4 figure fell short of expectations for a 2.1% rise in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2017
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% during December (1.1% y/y) following a revised 0.1% November uptick, initially reported as unchanged. It was the strongest gain since July, and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2017
U.S. New Home Sales Decline in December, Reaching Nine-Year High in 2016
Sales of new single-family homes declined 10.4% to 536,000 during December from a revised 598,000 in November, initially reported as 592,000. Sales of 589,000 had been expected in the Action Economics Forecast Survey. During December, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2017
U.S. Initial Claims for Jobless Insurance Increase
Initial unemployment insurance claims rose to 259,000 (-5.2% y/y) during the week ended January 21 from 237,000 claims in the prior week, revised from 234,000. Expectations in the Action Economics Forecast Survey had called for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 25 2017
U.S. State Unemployment Rates Vary from 6.7% to 2.8%
The increase in the overall unemployment rate to 4.7% during December reflects a range of state unemployment rates from a high of 6.7% in Alaska to a 2.8% low in both Massachusetts and South Dakota. Alaska's jobless rate continued to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 25 2017
U.S. FHFA House Price Index Increase Improves
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose 0.5% during November after a 0.3% gain in October, revised from 0.4%. The y/y change remained fairly steady at 6.1%, but the three-month annualized growth of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 25 2017
U.S. Mortgage Loan Applications Strengthen
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 4.0% last week (-15.9% y/y) following a 0.8% rise during the week prior. Purchase applications rebounded 6.0% (2.3% y/y) after a 5.2% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 24 2017
Philadelphia Fed Nonmanufacturing Business Index Continues to Strengthen
The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions in January rose to 33.3 from 26.1 during December, revised from 30.4. It was the highest level since October 2015. Forty-nine percent of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 24 2017
U.S. Existing Home Sales and Prices Fall in December; 2016 Sales Reach 10-Year High
During all of 2016, sales of existing homes increased 3.8% to 5.452 million, the highest level since 2006, when sales reached 6.478 million. During December alone, however, sales eased 2.8% (+0.7% y/y) to 5.490 million units (AR) from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 24 2017
U.S. Gasoline Prices Slip
Regular gasoline prices dipped to $2.33 per gallon (+25.3% y/y) last week following a slip to $2.36 per gallon in the prior week. Prices peaked at $2.39 earlier in the month, and remained down from a 2014 high of $3.71 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
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