Consumers are exhibiting cautious spending behavior despite firm income gains. Personal consumption expenditures improved 0.12% (2.9% y/y) in October, the same as September's 0.08% rise which was unrevised. These were the smallest [...]
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| Nov 25 2015U.S. Personal Spending Inches Higher as Income Strengthens
by:Tom Moeller
|in:Economy in Brief
Global| Nov 25 2015U.S. Personal Spending Inches Higher as Income Strengthens
Personal consumption expenditures improved 0.12% (2.9% y/y) in October, near September's 0.08% rise which was unrevised. These were the smallest gains since January and missed expectations for a 0.3% rise in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 25 2015U.S. Personal Spending Inches Higher as Income Strengthens
Personal consumption expenditures improved 0.12% (2.9% y/y) in October, the same as September's rise which was unrevised. These were the smallest gains since January and missed expectations for a 0.3% rise in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 24 2015U.S. Petroleum Prices Continue To Track Lower
Gasoline prices at the pump fell last week to $2.09 per gallon, down 9 cents from the prior week. Prices were down 25.8% y/y, but remained slightly above the January low of $2.04. Haver Analytics constructs factors adjusting for the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 24 2015U.S. Consumer Confidence Deteriorates Broadly
The Conference Board's Consumer Confidence Index in November unexpectedly fell for a second straight month. The overall index declined 8.8% to 90.4, the lowest level since September of 2014. The consensus expectation was for a roughly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 24 2015U.S. GDP Growth Is Revised Up With Inventories; Corporate Profits Decline
Economic growth was revised higher to 2.1% (AR) during Q3'15 versus the advance reading of a 1.5% increase. The gain followed unrevised 3.9% growth during Q2. A slower rate of inventory decumulation reduced growth last quarter by 0.6 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 23 2015Chicago Fed National Activity Index Improves
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during October improved to -0.04 from revised readings of -0.29 during the prior two months. The figure indicates that economic growth returned to its trend [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 23 2015U.S. Existing Home Sales Retreat; Prices Down for Fourth Straight Month
The National Association of Realtors reported that sales of existing homes declined 3.4% (+0.9% y/y) during October to 5.360 million (AR) after an unrevised 4.7% increase to 5.550 million in September. The latest figure disappointed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 20 2015U.S. State Unemployment Rates Vary Greatly
The overall U.S. unemployment rate declined during October to 5.0%, half its late-2009 peak. Falling jobless rates occurred throughout the country, but there was great variation amongst individual states. The country's largest states [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 19 2015U.S. Leading Economic Index Posts Firm Increase
The Conference Board's Leading Economic Index increased 0.6% during October following two months of slight decline. September's 0.1% dip was revised from -0.2%. The Action Economics Forecast Survey called for a 0.4% October rise. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 19 2015Philadelphia Fed Business Conditions Index Turns Slightly Positive
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for November turned slightly positive following two straight negative readings. At 1.9, the latest figure was the highest since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 19 2015U.S. Initial Jobless Insurance Claims Ease
Initial claims for unemployment insurance fell slightly to 271,000 (-7.2% y/y) during the week ended November 14 from an unrevised 276,000 in the prior week. The Action Economics Forecast Survey expected 270,000 initial claims. The [...]
by:Tom Moeller
|in:Economy in Brief
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