The Conference Board's Composite Index of Leading Economic Indicators fell 0.2% during May (+1.2% y/y), following an unrevised 0.6% April increase. The decline was the first since January, and disappointed expectations for a 0.2% rise [...]
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| Jun 23 2016
U.S. Leading Economic Indicators Fall
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2016
U.S. New Home Sales and Prices Decline
Strength in the housing market toned down during May. Sales of new single-family homes declined 6.0% to 551,000 (+8.7% y/y) following a 12.3% increase to 586,000, revised from 619,000. Sales of 563,000 had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2016
U.S. Existing Home Sales Reach Highest Level Since 2007
Sales of existing homes increased 1.8% (4.5% y/y) during May to 5.530 million (SAAR) from 5.430 million in April, revised from 5.450 million. The latest level was the highest since February 2007. It surpassed expectations for 5.55 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2016
U.S. FHFA Home Price Index Increase Eases
The U.S. House Price Index, from the Federal Housing Finance Agency (FHFA), improved 0.2% during April following a 0.8% March Increase, revised from 0.7%. It was the weakest monthly rise since August, but left the y/y increase at a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2016
U.S. Mortgage Loan Applications Rebound as Refinancings Surge
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 2.9% last week (35.8% y/y) and recouped the prior week's 2.4% decline. Applications to refinance jumped 6.5% (58.7% y/y) to the highest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 21 2016
U.S. Petroleum Prices Ease; Natural Gas Costs Jump
Regular gasoline prices declined to $2.35 per gallon last week (-16.3% y/y) and reversed the prior week's rise to $2.40, according to the U.S. Department of Energy. Nevertheless, prices remained near the highest level since early [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 21 2016
Philadelphia Fed Index of Nonmanufacturing Business Activity Moves Sideways; Prices Surge
For a third month, the Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level was fairly steady. The index level of 17.6 compared to 18.2 in May and 17.8 in April, each [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 20 2016
CRB Commodity Price Index Strengthens
The Commodity Research Bureau reported that its Index of Spot Commodity Prices has been moving up. The 1.2% gain during the last four weeks added to earlier increases to lift prices during the last 6 months by 11.1%. Strength in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 17 2016
U.S. Housing Starts Ease
Housing starts fell 0.3% during May to 1.164 million units (SAAR) following a 4.9% April rise to 1.167 million units, revised from 1.172 million. Expectations were for 1.150 million starts in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 16 2016
U.S. Home Builders Index Increases to Five-Month High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose to 60 during June, the highest level since January. Nevertheless, it remained down from the October peak of 65. The NAHB figures are [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 16 2016
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment insurance claims rose to 277,000 (3.1% y/y) during the week ended June 11 versus an unrevised 264,000 claims in the prior week. It was the first w/w increase since the first week of May. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 16 2016
Philadelphia Fed Business Conditions Index Indicates Modest Growth
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index improved in June to 4.7 from an unrevised -1.8 in May. Despite the moderate reading, it remained up from December's low of -10.2. The [...]
by:Tom Moeller
|in:Economy in Brief
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