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 [...]
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| Jul 29 2016U.S. GDP Growth Disappoints as Inventories Are Reduced
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
- Global| Jul 27 2016
U.S. Mortgage Loan Applications Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 11.2% (+43.8% y/y) last week following a 1.3% shortfall. Purchase applications declined 3.3% (+12.2% y/y). Refinancing applications fell 15.1%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2016
U.S. Pending Home Sales Improve Slightly
The National Association of Realtors (NAR) reported that pending home sales rose 0.2% (1.0% y/y) during June following an unrevised 3.7% May decline. These sales are reported as an index with 2001=100. The June value of 111.0 was 3.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2016
U.S. Durable Goods Orders Decline Is Led by Aircraft
New orders for durable goods fell 4.0% during June (-6.4% y/y) following a 2.8% May decline, revised from -2.2%. A 1.0% shortfall had been expected in the Action Economics Forecast Survey. For a second straight month, weakness in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. Consumer Confidence Remains Steady
The Conference Board's Consumer Confidence Index of 97.3 during July stayed close to 97.4 in June, revised from 98.0. The latest figure remained nearly the highest level since October and beat expectations for a decline to 96.0 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. New Home Sales and Prices Strengthen
Housing market improvement continued during June. Sales of new single-family homes increased 3.5% (25.4% y/y) to 592,000 (SAAR) from 572,000 in May, revised from 551,000. Sales of 557,000 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2016
U.S. Gasoline and Crude Oil Prices Weaken Further
Regular gasoline prices declined to $2.18 per gallon last week (-20.5% y/y). Prices were down five cents from the week earlier and were 22 cents lower than early last month, according to the U.S. Department of Energy. Prices are lower [...]
by:Tom Moeller
|in:Economy in Brief
The Federal Reserve Bank of Dallas indicated that its industrial activity in the state was little-changed during July, ending sharp declines since early last year. Its General Business Activity index rose to -1.3 this month from -18.3 [...]
by:Tom Moeller
|in:Economy in Brief
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