The Chicago Purchasing Managers report indicated that its General Business Barometer surged to 55.6 in January from 42.9 in December, and more than made up the declines during the prior two months. The index level was the highest in [...]
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 29 2016Chicago Business Barometer Posts Sharp Rebound
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2016U.S. Employment Cost Index Remains Firm
The employment cost index for civilian workers increased 0.6% (2.0% y/y) during Q4'15, as expected in the Action Economics Forecast Survey. Wages increased 0.6% (2.1% y/y) for a second month and benefits rose 0.7% (1.8% y/y). The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2016U.S. GDP Growth Moderates; Slowdown Is Broad-Based
Overall economic growth eased during Q4 to 0.7% (AR, 1.8% y/y) versus 2.0% growth in Q3. It was the weakest gain since Q1 of last year. A 0.8% rise had been expected in the Action Economics Forecast Survey. Slower growth was realized [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2016U.S. GDP Growth Moderates; Slowdown Is Broad-Based
Overall economic growth eased during Q4 to 0.7% (1.8% y/y) versus 2.0% growth in Q3. It was the weakest gain since Q1 of last year. A 0.8% rise had been expected in the Action Economics Forecast Survey. Slower growth was realized in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2016U.S. Pending Home Sales Are Little Changed
The National Association of Realtors (NAR) reported that pending sales of single-family homes ticked 0.1% higher in December (+3.1% y/y) following November's 1.1% decline, which was initially reported as -0.9%. The December sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2016U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance declined to 278,000 (+5.3% y/y) during the week ended January 23 following 294,000 claims in the prior week, revised from 293,000. The four-week moving average now stands at 283,000, and has [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2016U.S. Durable Goods Orders Decline Broadly
New orders for durable goods tumbled 5.1% (-0.6% y/y) during December following a -0.5% decline in November, revised from little change in the advance report. A 0.2% decline had been expected in the Action Economics' Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2016U.S. Mortgage Loan Applications Increase As Rates Remain Low
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index gained 8.8% last week (-15.1% y/y), the third month of strong gain. Purchase applications increased 4.6% (22.5% y/y). Refinancing applications rose [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2016FOMC Holds Interest Rates Steady; World Events Will Be Closely Monitored
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%. Adding caution to the economic outlook, the Fed indicated that it "is closely monitoring global economic and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2016U.S. State Unemployment Rates Continue Downward
The overall U.S. unemployment rate held steady during December at 5.0% for the third straight month, half its late-2009 peak. For all of last year, the 5.3% jobless rate was down roughly two percentage points from 2014. Falling [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2016U.S. New Home Sales Jump; Prices Ease
Sales of new single-family homes strengthened 10.8% during December to 544,000 from 491,000 in November, revised from 490,000. The increase was helped by new closing procedures which shifted sales out of November. The gain left sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2016U.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
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