The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity rose to 29.3 and stood at the highest level in three months. Nevertheless, the reading was the third consecutive figure below the [...]
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| Sep 22 2015Philadelphia Fed Nonmanufacturing Survey Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2015
U.S. FHFA Home Price Increase Perks Up
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.6% during July (5.8% y/y), the quickest rate of increase since February. It followed an unrevised 0.2% June gain. The three-month rate of increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2015
U.S. Gasoline Prices Touch Seven-Month Low
Gasoline prices at the pump fell last week to the lowest level since February. Averaging $2.33 per gallon (-30.6% y/y), gasoline was down 5 cents from a week earlier and below $2.84 in mid-June. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2015
U.S. Existing Home Sales And Prices Ease
Sales of existing homes declined 4.8% (-5.4% y/y) during August to 5.310 million (AR) from 5.580 million in July, revised from 5.590 million. July sales were the strongest since February 2007. The latest figure fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2015
U.S. Existing Home Sales And Prices Ease
Sales of existing homes declined 4.8% (-5.4% y/y) during August to 5.310 million (AR) from 5.580 million in July, revised from 5.590 million. July sales were the strongest since February 2007. The latest figure fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 18 2015
U.S. Leading Economic Index Ticks Higher
The Conference Board Leading Economic Index improved 0.1% during August following no change in July, revised from -0.2%. June's 0.6% increase was unrevised. The Action Economics Forecast Survey had anticipated a 0.2% rise. Three-month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2015
FOMC Holds Rates Steady; Sees Moderate Economic Growth and Stable Inflation Expectations
At today's meeting of the Federal Open Market Committee, the Fed indicated that, "Recent global economic and financial developments may restrain economic activity and are likely to put further downward pressure on inflation in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2015
U.S. Current Account Deficit Shrinks
The current account deficit of $109.7 billion in Q2 eased from $118.3 billion in Q1 and compared to $92.0 billion in Q2'14. The data are seasonally adjusted. The deficit in goods trade eased and the services surplus grew The surplus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2015
Philadelphia Fed Business Conditions Index Backpedals
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for September deteriorated to -6.0 following an unrevised improvement to 8.3 in August. It was the first negative reading since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2015
U.S. Initial Claims for Unemployment Insurance Fall to Eight-Week Low
Initial unemployment insurance claims declined to 264,000 (-18.0% y/y) during the week ended September 12 from an unrevised 275,000 during the prior week. It was the lowest level of claims since the third week of July. The four week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2015
U.S. Housing Starts Decline But Permits Gain
Housing starts during August eased 3.0% to 1.126 million (AR) from 1.161 million in July, last month reported as 1.206 million. So far this quarter, starts are 1.3% below the Q2 average. The latest figure fell short of expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2015
U.S. Mortgage Loan Applications Decline; Financing Rates are Steady
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 7.0% last week (+2.2% y/y) to the lowest level since early last month. Applications to refinance a loan led the decline with a 9.1% fall (+0.5% [...]
by:Tom Moeller
|in:Economy in Brief
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