The Conference Board's Consumer Confidence Index increased 7.2% this month to 101.4 from 94.6 during May, revised from 95.4. It was the second firmest reading during the economic expansion and stronger than forecasts for 96.8 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| Jun 30 2015U.S. Consumer Confidence Nears Expansion High
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2015
Chicago Purchasing Managers Index Remains Below Break-Even
Chicago purchasing managers reported that their June Business Barometer Index improved to 49.4 during June following an unrevised decline to 46.2 in May. It was fourth month in the last five below 50, the break-even point between [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2015
U.S. Consumer Confidence Nears Expansion High
The Conference Board's Consumer Confidence Index increased 7.2% this month to 101.4 from 94.6 during May, revised from 95.4. It was the second firmest reading during the economic expansion and stronger than forecasts for 96.8 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2015
U.S. Gasoline Prices Remain Up From January Low
Gasoline prices eased last week to an average $2.80 per gallon at the pump (-24.4% 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
- Global| Jun 29 2015
Dallas Fed Factory Sector Activity Improves
The Federal Reserve Bank of Dallas reported that its June Composite index of factory sector activity improved to -7.0 during June, its least negative reading since January. The figure reflected modest improvement in production, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2015
U.S. Pending Home Sales Improve to Highest Level Since 2006
The National Association of Realtors (NAR) reported that pending sales of single-family homes increased 0.9% during May following a little revised 2.7% gain during April. The latest level was the highest since April 2006. Expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2015
Kansas City Fed Factory Index Declines Again
The Federal Reserve Bank of Kansas City reported that the rate of deterioration in manufacturing business activity lessened during June. The Composite index of 10th District factory sector activity improved to -9 from -13. The reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2015
U.S. Initial Claims for Jobless Insurance Remain Below 300,000
A firmer labor market was behind today's report of strong personal spending and income. Initial unemployment insurance claims remained near the cycle low in the latest week. A small rise to 271,000 during the week of June 20 left the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2015
U.S. Personal Spending Strength Is Bolstered by Firm Income Growth
Consumers are spending what they earn. Personal consumption expenditures jumped 0.9% during May following a 0.1% uptick in April, revised from a negligible decline. It was the largest monthly increase since August 2009 and beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2015
Philadelphia Fed Nonmanufacturing Survey Results Are Firm
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity of 54.1 remained at nearly the highest level since March 2012. Strength was derived from improvement in the number of full-time [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2015
U.S. Mortgage Loan Applications Increase While Interest Rates Slip
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index nudged 1.6% higher last week (10.9% y/y) but remained one-third below the January peak. Purchase applications improved 1.2% (18.1% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2015
U.S. GDP Decline Is Reduced
Real GDP eased 0.2% last quarter (SAAR), revised from a 0.7% shortfall estimated last month. Business activity suffered last quarter due to severe winter weather and West Coast port closings. It was the third quarterly decline since [...]
by:Tom Moeller
|in:Economy in Brief
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