New orders for durable goods declined 2.8% (+1.8% y/y) during February following a 4.2% January rise, revised from 4.9%. A 2.4% decline had been expected in the Action Economics Forecast Survey. A 6.2% drop (+7.1% y/y) in orders for [...]
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| Mar 24 2016U.S. Durable Goods Orders Decline; Capital Goods Backpedal
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2016U.S. Durable Goods Orders Rebound; Capital Goods Surge
Factory sector activity is gaining strength. New orders for durable goods recovered 4.9% during January (1.8% y/y) following a 4.6% December decline, revised from -5.1%. A 2.4% increase had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2016U.S. Mortgage Loan Applications Tumble
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 3.3% last week (+6.4% y/y), the same as during the prior week. Purchase applications fell 1.0% (+25.3% y/y) after a 0.3% uptick, while [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2016U.S. New Home Sales & Prices Improve
Sales of new single-family homes increased 2.0% to 512,000 (SAAR, -6.1% y/y) during February after a 7.0% decline to 502,000 in January, revised from 494,000. Sales of 510,000 had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2016U.S. Mortgage Loan Applications Tumble
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 3.3% last week (+6.4% y/y), the same as during the prior week. Purchase applications fell 1.0% (+25.3% y/y) after a 0.3% uptick, while [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2016U.S. Gasoline & Crude Oil Prices Increase Again
Regular gasoline prices rose, on average, last week to $2.01 per gallon (-18.3% y/y) from $1.96 in the prior week. It was the highest price since mid-January, according to the U.S. Department of Energy. The price compares to a 2014 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2016Philadelphia Fed Survey Shows Deterioration in Nonmanufacturing Business
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level fell to 17.5 in March. The measure has been declining since early last year. The expectations index for general [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2016U.S. FHFA Home Price Index Increases Steadily
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) during January increased 0.5% for the third consecutive month. The annual rate of increase has been fairly steady near 6.0% since 2014. Prices were strongest in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2016U.S. Existing Home Sales and Prices Decline
The National Association of Realtors reported that existing home sales declined 7.1% to 5.080 million (SAAR, +2.2% y/y) from an unrevised 5.470 million in January. It was the lowest level of sales in three months. Sales of 5.36 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2016Chicago Fed National Activity Index Indicates Growth Slowdown
The National Activity Index from the Federal Reserve Bank of Chicago fell to -0.29 during February. It followed a positive 0.41 in January which had been the first positive reading since July. The three-month moving average remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 18 2016U.S. Current Account Deficit Deepens in 2015
The U.S. Current Account Deficit deepened to $484.1 billion during 2015 from $389.5 billion in 2014. It was the largest deficit since 2008 and amounted to 2.8% of GDP. For the fourth quarter alone, the deficit eased to $125.3 billion [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 17 2016U.S. JOLTS: Job Openings Rate Increases Again
The job openings rate improved to 3.7% during January from 3.6% in December. Revisions sharply lowered figures back to 2013, but benchmark revisions extend back to 2000. The private sector job openings rate of 4.0% compared to 2.1% in [...]
by:Tom Moeller
|in:Economy in Brief
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