The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level fell to 15.9 in January. It was the third month of decline, sliding to the lowest level since August. [...]
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| Jan 26 2016Philadelphia Fed Survey Shows Nonmanufacturing Business Conditions Deteriorating Further
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2016
U.S. Consumer Confidence Strengthens
The Conference Board's Consumer Confidence Index during January rose 1.9% to 98.1 following a 4.0% rise in December to 96.3, revised from 96.5. Consensus expectations had been for a reading of 96.1, according to the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2016
U.S. FHFA Home Price Index Remains Firm
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.5% in November (5.9% y/y), the same as during October. Over the last three months, the annualized rate of change picked up to 7.5%, the quickest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2016
U.S. Energy Price Decline Continues
Gasoline prices have weakened to the lowest level since January 2009. The pump price for a gallon of regular gasoline declined last week to an average $1.86 (-9.2% y/y), down from $1.91 in the prior week, according to the U.S. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2016
Texas Factory Sector Activity Deteriorates Sharply
The Federal Reserve Bank of Dallas indicated that economic activity in the state deteriorated sharply this month. The measure of general business activity slid to its lowest level since April 2009. The reading was pulled down by a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2016
U.S. Existing Home Sales Recover; 2015 Strongest Since 2006
The National Association of Realtors reported that existing home sales jumped 14.7% during December (6.1% y/y) to 5.460 million (SAAR). The rise followed an unrevised 10.5% November decline that reflected new regulations which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 22 2016
Chicago Fed National Activity Index Indicates Subpar Economic Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during December remained negative at -0.22 following -0.36 in November, revised from -0.30. The 3-month moving average declined to -0.24, its weakest [...]
by:Tom Moeller
|in:Economy in Brief
Current readings from the Federal Reserve districts are painting different pictures of factory sector activity. The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index for January improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 21 2016
U.S. Initial Claims for Unemployment Insurance Continue to Rise
Job market strength appears to be waning. Initial claims for unemployment insurance rose to 293,000 during the week ended January 16 (-1.5% y/y) from 283,000 during the prior week, revised from 284,000. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2016
U.S. Petroleum Prices Remain Under Pressure
The pump price for a gallon of regular gasoline averaged $1.91 last week (-7.4% y/y), down from $2.00 in the prior week, according to the U.S. Department of Energy. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2016
U.S. Housing Starts Increase to Eight-Year High in 2015
During all of last year, housing starts increased 10.8% to 1.107 million units. The level was the highest since 2007 and double the 2009 low. During December, starts eased 2.5% to 1.149 million (AR) from 1.179 million, revised from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 20 2016
U.S. CPI Remains Low as Energy Prices Decline; Core Prices Accelerate
The Consumer Price Index eased 0.1% during December following no change in November. The 0.7% twelve-month increase compared to 0.8% during 2014 as inflation during both years was held in check by lower energy costs. Prices excluding [...]
by:Tom Moeller
|in:Economy in Brief
- of1071Go to 366 page