The consumer price index fell 0.7% during January following a revised 0.3% decline during December, earlier reported as -0.4%. It was the largest monthly drop since December 2008 and the 12-month change of -0.1% was the greatest [...]
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| Feb 26 2015U.S. Consumer Prices Decline as Energy Prices Plummet; Core Prices Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2015
U.S. New Home Sales Hold Steady at Cycle High as Prices Weaken
New home sales during January were little-changed at 481,000 (5.3% y/y) following 482,000 sales during December, initially reported as 481,000. The latest figure remained nearly the highest since June 2008 and surpassed expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2015
U.S. Mortgage Loan Applications Fall Further as Interest Rates Rise
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 3.5% last week (+20.6% y/y). It was the the fourth decline in the last five weeks, totaling 25.2%. Refinance applications fell 7.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2015
Philadelphia Fed Nonmanufacturing Survey Indicates Activity Improvement
The Philadelphia Federal Reserve reported that its Index of Nonmanufacturing Sector Activity gained to 46.9 this month from 8.8 in January. Its improvement versus last February, when the region was socked in by heavy snowfall, is not [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2015
U.S. Consumer Confidence Weakens M/M
The Conference Board's consumer confidence index deteriorated to 96.4 this month from 103.8 during January, revised from 102.9 (1985=100). Nevertheless, it was the highest level since September 2007. The latest figure remained up by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2015
U.S. Energy Prices Continue to Strengthen
It's costing more to drive automobiles and heat homes of late. Gasoline prices continued upward by 6 cents last week to $2.33 per gallon (-32.3% y/y) following the prior week's 7 cent increase. Prices have risen 29 cents (14.1%) since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2015
Dallas Fed Factory Sector Activity Continues To Ease; Outlook Improves
The Federal Reserve Bank of Dallas reported that its February Composite index of factory sector activity remained negative at -11.2 following -4.4 in January. It was the first time that two months were successively negative in two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2015
U.S. Existing Home Sales Backpedal to Nine-Month Low
Sales of existing homes fell 4.9% (+3.2% y/y) during January to 4.820 million (AR), following an unrevised 2.4% rise in December. Home sales were at the lowest point since April and disappointed consensus expectations for 5.00 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2015
Chicago Fed National Activity Index Improves Slightly
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for January increased to 0.13 from a little-revised -0.07 in January. The three-month moving average remained fairly stable at a high 0.33. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 20 2015
FIBER: Industrial Commodity Prices Stabilize
The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) improved slightly during the last five weeks following declines which total 13.1% during the last year. The crude oil & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 19 2015
U.S. Leading Economic Indicators Slow
The Index of Leading Economic Indicators from the Conference Board increased 0.2% last month (6.5% y/y) following a 0.4% December gain, revised from 0.5%. A 0.3% rise had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 19 2015
Philadelphia Fed Business Conditions Index Falls To 12-Month Low
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for February declined to 5.2 from 6.3 in January. The number was at the lowest point since February 2014 and below expectations [...]
by:Tom Moeller
|in:Economy in Brief
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