The Federal Reserve Bank of Dallas indicated that Texas business conditions improved through this month. The overall business activity index rebounded to its highest level since January while production strengthened to the firmest [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Jul 27 2015U.S. Durable Goods Orders Increase As Aircraft Bookings Soar
New orders for durable goods surged 3.4% during June (-2.8% y/y) following a 2.1% May decline, earlier reported as -1.8%. The increase compared to expectations for a 3.1% rise in the Action Economics Forecast Survey. Last month's gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2015
U.S. New Home Sales Unexpectedly Decline as Pricing Power Wanes
New home sales during June declined 6.8% to 482,000 following a revised 1.1% May drop to 517,000, initially reported as 546,000. April sales also were revised lower to 523,000 from 534,000. Sales were at the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2015
Kansas City Fed's Factory Sector Index Demonstrates Mixed Performance
The Federal Reserve Bank of Kansas City reported that business activity improved during July. The Composite index of 10th District factory sector activity rose to -7, up from May's low of -13. The Fed indicated that higher shipments [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2015
U.S. Leading Economic Indicators Index Posts Another Firm Gain
The Index of Leading Economic Indicators from the Conference Board increased 0.6% during June following a 0.8% rise during May, revised from 0.7%. A 0.2% improvement had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2015
Chicago Fed National Activity Index Turns Positive
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during June registered its first positive reading since December. The latest figure increased to 0.08 from -0.08 in May, revised from -0.17. The three-month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2015
U.S. Initial Unemployment Insurance Claims Decline to 1973 Low
The rate of labor market improvement may have accelerated. Initial claims for unemployment insurance fell to 255,000 (-8.4% y/y) during the week ended July 18 from an unrevised 281,000 during the prior week. The latest figure was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2015
U.S. Existing Home Sales Improve to 2007 High; Prices Set a Record
Sales of existing homes increased 3.2% last month to an annualized 5.490 million (9.6% y/y) from 5.320 in May, revised from 5.350 million. Sales were at the highest level since February 2007 and stronger than consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2015
U.S. FHFA Home Price Increase Remains Steady
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.4% during May (5.7% y/y) following a 0.4% April gain, revised up from 0.3%. While prices reached the highest level since August 2007, the three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2015
U.S. Mortgage Loan Applications Remain Steady
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index improved 0.1% last week (8.3% y/y). Purchase applications gained 1.0% (17.9% y/y) while applications to refinance eased 0.5% (+0.2% y/y). The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2015
Philadelphia Fed Nonmanufacturing Readings Deteriorate
The Philadelphia Federal Reserve reported that its Index of Nonmanufacturing Sector Activity fell sharply to 8.1 this month from an unrevised 54.1 in June. These figures are not seasonally adjusted. Since inception in 2011, July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2015
U.S. Gasoline and Crude Oil Prices Dip
Gasoline prices eased last week to an average $2.80 per gallon at the pump (-22.0% y/y) but remained higher than the low of $2.04 late in January. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. [...]
by:Tom Moeller
|in:Economy in Brief
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