The Index of Leading Economic Indicators from the Conference Board increased 0.2% (6.2% y/y) during February following an unrevised 0.2% January improvement. A 0.2% rise had been expected in the Action Economics Forecast Survey. 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| Mar 19 2015U.S. Leading Economic Indicators Increase but Forward Momentum Slows
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2015
Philadelphia Fed Business Conditions Index Continues to Deteriorate
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for March declined to 5.0 from an unrevised 5.2 in February. The number remained at the lowest point since February 2014 and was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2015
U.S. Current Account Deficit Deepens Significantly
During all of 2014, the current account deficit deepened to $410.6 billion from $400.3 billion in 2013. The increase occurred as exports of goods, services & income rose 3.5% and imports gained 3.4%. The deficit deepened to $113.5 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2015
U.S. Initial Claims for Unemployment Insurance Remain Little-Changed
Initial jobless insurance claims of 291,000 in the week ended March 14 compared to 290,000 in the prior week, revised from 289,000. The four-week moving average of initial claims notched higher to 304,750. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
At today's meeting of the Federal Open Market Committee, the Fed indicated its continued expectation for moderate economic growth and improving labor market conditions. It stated that consumer spending was benefitting from the decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2015
U.S. Mortgage Loan Applications Decline as Interest Rates Stabilize
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 3.9% last week (+6.7% y/y). Applications have moved roughly one-quarter lower since a late-January peak. Refinance applications led the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2015
U.S. Housing Starts Suffer Due To Heavy Snowfall
It's been a harsh winter in some regions of the country. Housing starts during February declined 17.0% to 897,000 units (-3.3% y/y) from 1.081 million in January, revised from 1.065 million. The decline disappointed expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 17 2015
U.S. Energy Prices Do An About-Face; Crude Oil Falls Precipitously
After rising earlier this month,gasoline prices posted a 4 cent decline last week to $2.45 cents per gallon. Nevertheless, prices remained 40 cents higher (20.0%) than the low seven weeks ago. Despite the gains, prices remained well [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2015
U.S. Home Builders Index Revisits July Low
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo declined to 53 in March (+15.2% y/y) from an unrevised 55 in February. It was the lowest figure since July. During the last ten years, there [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2015
U.S. Industrial Production Stabilizes; Factory Output Declines for Three Straight Months
Industrial production ticked 0.1% higher during February following declines in three of the four previous months. January production fell 0.3%, earlier reported as a 0.2% rise. The latest gain was helped by cold winter temperatures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 16 2015
Empire State Factory Sector Index Eases Again; Expectations Stabilize
The Empire State Factory Index of General Business Conditions fell 6.90 during March after declining to 7.78 in February. The readings from the Federal Reserve Bank of New York remained well below the 27.41 peak reached last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2015
U.S. Producer Price Index Decline Reflects Broad-Based Weakness
The overall Final Demand Producer Price Index fell 0.5% during February (-0.6% y/y) following an unrevised 0.8% January decline. A 0.2% rise was expected in the Action Economics Forecast Survey. Prices excluding food & energy also [...]
by:Tom Moeller
|in:Economy in Brief
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