Gasoline prices eased 0.8% last week to an average $2.81 per gallon at the pump (-24.1% y/y). They remained up from the low of $2.04 late in January. Haver Analytics constructs factors adjusting for the seasonal variation in pump [...]
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 23 2015
U.S. Gasoline and Crude Oil Prices Slip
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2015
U.S. FHFA Home Price Increase Is Moderate But Steady
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.3% during April (5.4% y/y), the same as in March which was unrevised. The three-month gain in prices of 5.3% remained below the 8.4% rate of growth [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2015
U.S. New Home Sales Improve As Prices Decline
New home sales during May gained 2.2% to 546,000 (AR) from 534,000 in April, initially reported as 517,000. It was the highest sales level since February 2008. The latest figure beat expectations for 520,000 sales in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 23 2015
U.S. Durable Goods Orders Decline Again; Aircraft Bookings Slide
New orders for durable goods declined 1.8% during May (-5.0% y/y) following a 1.5% April fall, earlier reported as -0.5%. Expectations were for a 0.5% dip in orders for total durable goods in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2015
U.S. Existing Home Sales Reach 2009 High; Prices Firm
Sales of existing homes increased 5.1% (+5.1% y/y) last month to 5.350 million from 5.090 million during April, revised from 5.040 million. Sales were the highest since November 2009 and stronger than consensus expectations for 5.25 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 22 2015
Chicago Fed National Activity Index Indicates Subpar Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during May notched up to -0.17 from -0.19 in April, revised from -0.15. The three-month moving average remained negative at -0.16, up from its low in March. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 19 2015
U.S. Real Earnings Growth Firms
Growth in average hourly earnings for U.S. workers has been fairly stable for the last several years, near 2%. Through last year, that translated into a roughly unchanged level of real earnings as consumer prices continued to rise. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2015
Philadelphia Fed Business Conditions Index Strengthens; Prices Jump
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for June increased to 15.2 from an unrevised 6.7 in May. It was the highest level since December. Expectations averaged 8.0 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2015
U.S. Leading Economic Indicators Post Firm Growth
The Index of Leading Economic Indicators from the Conference Board posted a 0.7% rise in May (5.7% y/y), the same as during April which was unrevised. A 0.4% increase had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2015
U.S. Initial Unemployment Insurance Claims Near Recovery Low
The labor market remains on solid ground. Initial unemployment insurance claims declined to 267,000 (-14.3% y/y) during the week of June 13 compared to an unrevised 279,000 during the prior week. The four week moving average fell to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 18 2015
U.S. CPI Strength Is Driven by Energy; Core Increase Moderates
The consumer price index jumped 0.4% during May (-0.0% y/y) following an unrevised 0.1% increase. It was the strongest rise since January 2013. Expectations had been for a 0.5% increase in the Action Economics Forecast Survey. Prices [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 17 2015
FOMC Outlook Is for Moderate Growth and Low Inflation
At today's meeting of the Federal Open Market Committee, the Fed indicated that improved job gains are supporting growth in consumer spending while business investment and net exports remained soft. Moderate growth in the economy was [...]
by:Tom Moeller
|in:Economy in Brief
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