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 [...]
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 17 2015FOMC Holds Rates Steady; Sees Moderate Economic Growth and Stable Inflation Expectations
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
- Global| Sep 16 2015
U.S. Home Builders Index Strengthens to 2005 High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo improved to 62 (5.1% y/y) from an unrevised August level of 61. It was the highest level since October 2005 and beat expectations for 61 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2015
U.S. CPI Decline Reflects Lower Energy Costs; Core Prices Rise Minimally
The Consumer Price Index eased 0.1% during August (+0.2% y/y) and reversed the prior month's increase. It was the first shortfall since a 0.7% decline in January. Prices excluding food & energy notched 0.1% higher (1.8% y/y) for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
U.S. Gasoline and Crude Oil Prices Decline
Gasoline prices at the pump continued to fall last week and averaged $2.38 per gallon (-30.3% y/y). That was down 6 cents from a week earlier and below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
U.S. Industrial Production Declines Broadly
Overall industrial output decreased 0.4% during August after a 0.8% July gain, last month reported as 0.6%. A 0.2% decline had been expected in the Action Economics Forecast Survey. Manufacturing sector production fell 0.5% (+1.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
Empire State Factory Sector Activity Decreases For Second Consecutive Month
The Empire State Factory Index of General Business Conditions remained negative during September, nearly the weakest reading since the recession. The latest figure of -14.67 compared to an unrevised -14.92 in August. These diffusion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
U.S. Retail Sales Advance Slightly
Overall retail sales including food services & drinking places during August increased 0.2% (1.6% y/y). A 0.3% rise had been expected in the Action Economics Forecast Survey. July's 0.7% gain and June's slight decline were little [...]
by:Tom Moeller
|in:Economy in Brief
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