The Institute for Supply Management reported that, for New York State, their December index of business conditions expected in six months increased to 72.9, the highest level since February. Improved expectations were forming [...]
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| Jan 05 2015New York State Economic Conditions Improve as Pricing Power Is Erratic
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2014
U.S. Mortgage Loan Applications Tick Higher; Rates Edge Down
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index edged up 0.9% last week (3.4% y/y) following a 3.3% decline during the prior week. Applications to purchase a home gained 1.3% (-0.5% y/y) as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 24 2014
U.S. Initial Claims for Unemployment Insurance Move Lower
Initial unemployment insurance claims during the week ended December 20 fell to 280,000 (-17.4% y/y) after declining to an unrevised 289,000 in the prior week. It was the lowest level of claims in seven weeks. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. GDP Growth in Q3 Revised Up to Strongest Since 2003; Final Demand Strengthened
GDP growth last quarter was revised sharply higher to 5.0%, up from last month's estimate of 3.9% growth. The rise was the strongest since Q3 2003. Strengthened growth in final demand accounted for the revision. The gain exceeded the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. Gasoline Prices Fall to Lowest Level Since 2009
Gasoline prices remained on their downward trajectory last week, falling to an average $2.40 (-26.5% y/y), the lowest level since May 2009. Prices have fallen from $3.69 per gallon averaged this past June and from $3.91 in May, 2011. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. FHFA Home Price Index Moves Higher
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.6% in October (4.5% y/y) following an unrevised no-change during September. The increase left three-month growth at 4.5%, about where it's been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. New Home Sales Pull Back With Prices
New home sales during November declined 1.6% to 438,000 (-1.6% y/y) from 445,000 in October, initially reported as 458,000. The latest figure matched expectations in the Action Economics Forecast Survey. These volume numbers are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. GDP Growth in Q3 Revised Up to Strongest Since 2003; Final Demand Strengthened
GDP growth last quarter was revised sharply higher to 5.0%, up from last month's estimate of 3.9% growth. The rise was the strongest since Q3 2003. Strengthened growth in final demand accounted for the revision. The gain exceeded the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2014
U.S. Existing Home Sales and Prices Decline
Existing single-family home sales fell 6.1% last month to 4.930 million (AR) versus 5.250 in October, revised from 5.260 million. Sales were 8.4% below their July 2003 high and well short of consensus expectations for 5.20 million in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2014
U.S. Existing Home Sales and Prices Decline
Existing single-family home sales fell 6.1% last month to 4.930 million (AR) versus 5.250 in October, revised from 5.260 million. Sales were 8.4% below their July 2003 high and well short of consensus expectations for 5.20 million in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2014
U.S. Existing Home Sales and Prices Decline
Sales of existing single-family homes fell 6.1% last month to 4.930 million (AR) from 5.250 in October, revised from 5.260 million. Sales were 8.4% below their July 2003 high. Sales were well short of consensus expectations for 5.20 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2014
Chicago Fed National Activity Index Reaches Expansion High
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for November improved to 0.73 from 0.31 during October, revised from 0.14. It was the highest level since December, 2006. The three-month moving average [...]
by:Tom Moeller
|in:Economy in Brief
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