Personal consumption expenditures increased 0.4% (3.7% y/y) during June, the same as in May. The figures reflect Friday's revisions to the National Income & Product Accounts. A 0.3% June increase had been expected in the Action [...]
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| Aug 02 2016U.S. Personal Spending Continues to Outpace Income
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2016
U.S. Construction Activity Eases
The value of construction put-in-place declined 0.6% (+0.3% y/y) during June after 0.1% May dip, revised from -0.8%. A 0.5% increase was expected in the Action Economics Forecast Survey. Building activity in the private sector eased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2016
ISM Manufacturing Index Slips; Prices Paid Index Declines
The ISM Composite Index of manufacturing activity eased to 52.6 during July from an unrevised 53.2 in June. A reading of 53.0 had been expected in the Action Economics Forecast Survey. The decline left the average for the first seven [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
Chicago Purchasing Managers Index Eases
Chicago purchasing managers reported that their Business Barometer slipped to 55.8 this month following an unrevised jump during June to 56.8. The figure remained near the highest level since January 2015, and exceeded expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2016
U.S. GDP Growth Disappoints as Inventories Are Reduced
Economic growth of 1.2% (SAAR, 1.2% y/y) during the second quarter followed a 0.8% Q1 gain, revised from 1.1%. GDP's increase disappointed expectations for a 2.6% rise in the Action Economics Forecast Survey. Inventory decumulation [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Kansas City reported that regional manufacturing sector business activity deteriorated sharply during July, and completely reversed the improvement during the prior three months. The Composite Index of 10th [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Kansas City reported that regional manufacturing sector business activity deteriorated sharply during July, and completely reversed the improvement during the prior three months. The Composite Index of 10th [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2016
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance claims increased to 266,000 (-1.1% y/y) during the week ended July 23 from 252,000 in the prior week, revised from 253,000. Claims remained near the lowest level since 1973. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2016
FOMC Leaves Rate Unchanged
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. Policy was viewed as "accommodative" in the report. The commentary in today's release was much [...]
by:Tom Moeller
|in:Economy in Brief
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