The National Association of Realtors (NAR) reported that pending home sales declined 3.7% (-0.2% y/y) during May following a 3.9% rise in April, revised from 5.1%. These sales are reported as an index with 2001=100. The May value of [...]
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 29 2016U.S. Pending Home Sales Retrace Earlier Gain
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2016U.S. Personal Spending Growth Cools but Outpaces Income
Personal consumption expenditures increased 0.4% (3.7% y/y) during May following a 1.1% April rise, revised from 1.0%. A 0.3% increase had been expected in the Action Economics Forecast Survey. So far this year, spending has risen at [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016U.S. Petroleum Prices Decline; Natural Gas Jumps Higher
Regular gasoline prices declined to $2.33 per gallon last week (-16.9% y/y), down from $2.40 two weeks ago, according to the U.S. Department of Energy. Nevertheless, prices remained near the highest level since early September. Prices [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016U.S. Consumer Confidence Buoyed by the Young
The Conference Board's Consumer Confidence Index increased 6.1% during June to 98.0 (-1.8% y/y) from 92.4, revised from 92.6. The latest figure was the highest since October and beat expectations for 93.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016U.S. GDP Growth and Corporate Profits Revised Higher
Economic growth during the first quarter was revised up slightly. GDP grew 1.1% (SAAR, 2.1% y/y) following a 0.8% rise estimated last month, and 0.5% in the advance estimate. Despite the revisions, growth last quarter was the weakest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 27 2016Dallas Fed Factory Sector Activity Index Remains Depressed
The Federal Reserve Bank of Dallas reported that its general activity index of factory sector activity remained negative during June. The index of general business conditions at -18.3 compared to -20.8 in May. The figure has been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2016U.S. Durable Goods Orders Decline Paced by Military Aircraft
New orders for durable goods declined 2.2% during May (+3.2% y/y) following a 3.3% April increase, revised from 3.4%. A 0.8% decline had been expected in the Action Economics Forecast Survey. Weakness in the transportation sector led [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2016Chicago Fed National Activity Index Deteriorates
The National Activity Index from the Federal Reserve Bank of Chicago declined to -0.51 during May, following one month in positive territory. It suggested below-trend overall economic growth. The three month moving average reinforced [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2016U.S. Initial Unemployment Insurance Claims Tumble
Initial unemployment insurance claims declined to 259,000 (-5.3% y/y) during the week ended June 18 versus an unrevised 277,000 claims in the prior week. The decline was to the lowest level since the end of April. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2016U.S. Leading Economic Indicators Fall
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 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2016U.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 2016U.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
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