Initial claims for unemployment insurance increased to 257,000 during the week ended April 23 after falling to 248,000 in the prior week, revised from 247,000. Expectations were for 255,000 applications in the Action Economics [...]
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| Apr 28 2016
U.S. Initial Unemployment Insurance Claims Rise
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2016
U.S. GDP Grows 0.5% in Q1'16
Growth in the U.S. economy was barely positive last quarter. Real GDP improved 0.5% (SAAR, 1.9% y/y), the weakest rise since a decline in Q1'14. The advance was held back by weaker consumer spending growth, a decline in business [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 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%. The opening line of today's FOMC statement highlighted the mixed nature of recent economic signals. It was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2016
U.S. Pending Home Sales Continue to Strengthen
The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 1.4% in March (1.4% y/y) following a little revised 3.4% February increase. The March sales volume remained 0.6% below the peak last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2016
U.S. Mortgage Loan Applications Ease; Rates Remain Low
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 4.1% last week (+12.8% y/y) following three consecutive weeks of firm gain. So far in April, applications have risen 6.4% versus March [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2016
Philadelphia Fed Survey of Nonmanufacturing Business Activity Index Is Little Changed
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level was roughly unchanged at 17.8 in April versus 17.5 in March. The measure has been declining, however, since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2016
U.S. Consumer Confidence Disappoints
The Conference Board's Consumer Confidence Index during April declined 2.0% (-0.1% y/y) to 94.2 and reversed most of a March increase to 96.1, revised from 96.2. The latest figure compared to 95.8 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2016
U.S. Gasoline and Crude Oil Prices Improve Further
Regular gasoline prices increased to $2.16 per gallon last week (-15.9% y/y) after rising to $2.14 in the prior week, according to the U.S. Department of Energy. The price compares to a low of $1.72 in February, but remained down from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2016
U.S. Durable Goods Orders Improve; Bookings for Capital Goods Ease
New orders for durable goods increased 0.8% during March (-2.5% y/y) following a 3.1% February decline, revised from -2.8%. A 1.9% improvement had been expected in the Action Economics Forecast Survey. A 2.9% rebound (-4.8% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 25 2016
U.S. New Home Sales & Prices Decline
Sales of new single-family homes declined 1.5% during March to 511,000 (SAAR) versus 519,000 in February, revised from 512,000. Despite the decline, sales increased 5.4% y/y. Sales of 520,000 had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 22 2016
Philadelphia Fed Business Conditions Index Deteriorates
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index declined during April to -1.6 from an unrevised 12.4 in March. It reversed improvement during the prior two months. The decline [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 21 2016
Chicago Fed National Activity Index Suggests Weak Economic Growth
The National Activity Index from the Federal Reserve Bank of Chicago fell to -0.44 during March. It was the weakest reading since January 2014, suggesting that economic growth was slightly below trend. At -0.18, the three month moving [...]
by:Tom Moeller
|in:Economy in Brief
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