Chicago purchasing managers reported that their April Business Barometer Index increased to 52.3, a three-month high, following an unrevised rise to 46.3 in March. The reading exceeded expectations for 49.0 in the Action Economics [...]
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| Apr 30 2015Chicago Purchasing Managers Index Posts Surprising Strength
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2015
U.S. Initial Claims for Unemployment Insurance Plumb a New Low
The labor market continues to improve as evidenced by the downward trend in initial unemployment insurance claims. In the week ended April 25, they hit the lowest level since April 2000. Initial claims declined to 262,000 (-22.3% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2015
U.S. Personal Spending Growth Improves as Savings are Drawn Down
Personal consumption expenditures increased 0.4% (3.0% y/y) during March following a 0.2% February gain, revised from 0.1%. The rise matched expectations in the Consensus Economics Forecast Survey. Adjusted for price inflation, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2015
FOMC Leaves Fed Funds Rate Unchanged; Expects Economic Improvement
At today's meeting of the Federal Open Market Committee, the Fed indicated that the recent slowdown in economic growth was related to "transitory" factors. Also noted was that labor markets remained "underutilized." It continued to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2015
U.S. Pending Home Sales Remain Firm
The National Association of Realtors (NAR) reported that pending sales of single-family homes increased 1.1% during March following a 3.6% February jump, last month reported as 3.1%. Expectations were for a 1.0% increase according to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2015
U.S. GDP Growth is Negligible as Business Investment and Exports Decline
Real GDP growth of 0.2% (3.0% y/y) last quarter followed an unrevised 2.2% Q4 gain. The increase disappointed expectations for a 1.1% rise in the Action Economics Forecast Survey. Last quarter's economic performance was its weakest in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2015
U.S. GDP Growth is Negligible as Business Investment and Exports Decline
Real GDP growth of 0.2% (3.0% y/y) last quarter followed an unrevised 2.2% Q4 gain. The increase disappointed expectations for a 1.1% rise in the Action Economics Forecast Survey. Last quarter's economic performance was its weakest in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2015
Richmond Federal Reserve Reports Contraction of Factory Sector Activity; Services Weaken
The Federal Reserve Bank of Richmond reported that its April Composite Index of Manufacturing Sector activity remained negative at -3 following weak readings of -8 and 0 during the prior two months. Expectations were for -2 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2015
U.S. Consumer Confidence Falters
The Conference Board's Consumer Confidence Index declined 6.1% in April to 95.2 (+16.5% y/y) after rising to 101.4 during March, revised from 101.3. The latest figure was the lowest since December and missed expectations for 102.2 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 28 2015
U.S. Gasoline Prices Add To Recent Increases
Last week, gasoline prices increased to an average $2.57 cents per gallon at the pump, the highest level since early-December and up by one-quarter versus the late-January low of $2.04. Haver Analytics constructs factors adjusting for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2015
Dallas Fed Factory Sector Activity Remains Weak; Outlook Deteriorates
The Federal Reserve Bank of Dallas reported that its April Composite index of factory sector activity was fairly steady m/m at a level of -16.0, the fourth consecutive negative monthly reading. The figure reflected weakness amongst [...]
by:Tom Moeller
|in:Economy in Brief
New orders for durable goods jumped 4.0% during March (0.7% y/y) following an unrevised 1.4% February decline. Leading the increase were orders for defense aircraft which roughly doubled m/m (26.5% y/y). Nondefense aircraft orders [...]
by:Tom Moeller
|in:Economy in Brief
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