The Conference Board's Composite Index of Leading Economic Indicators fell 0.2% during August (+1.1% y/y) following a 0.5% July gain, revised from 0.4%. It was the first decline in three months. Expectations had been for no change in [...]
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| Sep 22 2016U.S. Leading Economic Indicators Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2016
U.S. Existing Home Sales Decline
Sales of existing homes fell 0.9% (+0.8% y/y) during August to 5.330 million units after 3.4% July decline to 5.380 million units, revised from 5.390 million. Expectations had been for 5.45 million sales in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2016
U.S. FHFA House Price Index Momentum Eases
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices increased 0.5% during July following a 0.3% June gain, revised from 0.2%. While the y/y change of 5.8% was fairly steady, the three month gain of 4.2% (AR) was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2016
Chicago Fed National Activity Index Deteriorates
The National Activity Index from the Federal Reserve Bank of Chicago declined to -0.55 during August from 0.24 in July, revised from 0.27. It was the weakest reading in three months. The three-month moving average was little changed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2016
FOMC Leaves Fed Funds Rate Unchanged; Adjusts Growth Expectation Downward
At today's meeting of the Federal Open Market Committee, the fed funds rate was left unchanged in the range of 0.25%-0.50%, as expected. The commentary in today's release was much the same as after the last meeting. Improvement in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2016
U.S. Mortgage Loan Applications Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 7.3% last week (+16.4% y/y) to the lowest level in four weeks. Purchase applications fell 6.8% (+3.2% y/y) following the prior week's 8.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2016
U.S. Gasoline Prices Firm; Natural Gas Jumps
Regular gasoline prices recovered to $2.23 per gallon (-4.4% y/y) last week, and reversed the prior week's decline according to the U.S. Department of Energy. Prices remained down versus a 2014 high of $3.71 per gallon. Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2016
Philadelphia Fed Index of Nonmanufacturing Business Activity Eases; Expectations Improve
The Federal Reserve Bank of Philadelphia reported that its September Index of Nonmanufacturing Sector Activity at the company level declined to 16.7, the lowest level since July 2015. It remained down sharply versus 53.9 in February [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2016
U.S. Housing Starts and Building Permits Decline
Housing starts fell 5.8% during August (+0.9% y/y) to 1.142 million following a 1.4% July increase to 1.212 million, revised from 1.211 million. It was the lowest level of starts in three months. Expectations were for 1.19 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2016
U.S. Home Builders Index Stands at 2005 High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo jumped 10.2% during September to 65 (6.7% y/y) following modest improvement to 59 in August, revised from 60. The latest reading matched the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2016
U.S. Current Account Deficit Narrows
The U.S. current account deficit eased to $119.9 billion in the second quarter from $131.8 billion Q1'16, revised from -$124.7 billion. The Q2 deficit figure compared to $121.9 billion expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2016
U.S. CPI Firms; Core Price Increase Also Picks Up
Consumer price inflation rose during August. The consumer price index increased 0.2% (1.1% y/y) following little change in July. A 0.1% increase had been expected in the Action Economics Forecast Survey. Prices excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
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