The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]
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| Aug 28 2015Kansas City Fed's Factory Sector Activity Index Continues to Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2015
Kansas City Fed's Factory Sector Activity Index Continues to Weaken
The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2015
U.S. Pending Home Sales Post Limited Gains
The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 0.5% during July (7.2% y/y) following a little-revised 1.7% June decline. Expectations were for a 1.0% increase according to Bloomberg. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2015
U.S. Initial Claims for Unemployment Insurance Decline
Initial claims for unemployment insurance eased to 271,000 (-8.9% y/y) during the week ended August 22 from an unrevised 277,000 in the week earlier. The four-week moving average rose slightly to 272,500. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2015
U.S. GDP Growth Is Strengthened; Upward Revisions Are Broad-Based and Profit Growth Is Robust
Gross domestic product advanced at a revised 3.7% annual rate (2.7% y/y) in Q2 versus the initial estimate of 2.3% growth. The figure represents broad improvement from a 0.6% Q1 advance, restrained by severe winter weather and West [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2015
U.S. Mortgage Loan Applications' Gain Led by Purchases
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index improved 0.2% last week (17.4% y/y) to a three-month high following a 3.6% rise during the week earlier. Home purchase applications powered the rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2015
U.S. Durable Goods Orders Beat Expectations, Led Higher by Civilian Capital Goods
The factory sector is moving onto a firmer footing. New orders for durable goods increased 2.0% during July (-19.6% y/y) following a 4.1% June gain, revised up from 3.4%. The increase compared to expectations for a 0.5% decline in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2015
U.S. Consumer Confidence Unexpectedly Jumps
The Conference Board's Consumer Confidence Index recovered 11.5% this month (8.7% y/y) to 101.5 from a little-revised 91.0 in July. The reading was the highest since January and beat expectations for 93.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2015
U.S. New Home Sales Rebound Along With Prices
New home sales during July increased 5.4% to 507,000 (SAAR) following a 7.7% June decline to a little-revised 481,000. The rebound left sales in the middle of the range maintained since late-last year. Sales of 510,000 were expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2015
U.S. FHFA Home Price Increase Weakens
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.2% during June (5.6% y/y) following a 0.5% May rise, revised up from 0.4%. The three-month rate of increase continued to decelerate to 4.5%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2015
U.S. Crude Oil Prices Fall Sharply; Gasoline Prices Ease
WTI crude oil costs remained under pressure last week and declined to an average $41.38 per barrel (-56.4% y/y), down from $107.23 in May 2014. Prices fell further yesterday to $38.24 per barrel. These prices compare to a June 2014 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 24 2015
Chicago Fed National Activity Index Improves to Eight-Month High
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during July jumped to 0.34 from -0.07 in June, revised from 0.08. The rise to the highest level since last November pulled the three-month moving average to [...]
by:Tom Moeller
|in:Economy in Brief
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