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 [...]
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| Dec 22 2014U.S. Existing Home Sales and Prices Decline
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
- Global| Dec 19 2014
Kansas City Fed Factory Sector Activity Improves; Raw Materials Pricing Power Evaporates
The Federal Reserve Bank of Kansas City reported that its Composite index of 10th District factory sector activity rose to 8 this month, the highest level in three months. It remained, however, near the middle of the recent range. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2014
Philadelphia Fed Business Conditions Index Indicates Moderating Growth
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for December declined to 24.5 and reversed most of its improvement to 40.8 during November. The figure, nevertheless, continued [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2014
U.S. Leading Economic Indicators Show Further Improvement
The Index of Leading Economic Indicators from the Conference Board increased 0.6% last month following a 0.6% October gain, revised from 0.9%. Eighty percent of the component series improved m/m and 95% of the series are higher versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2014
U.S. Initial Unemployment Insurance Claims Edge Down
Initial claims for unemployment insurance during the week ended December 13 fell to 289,000 (-21.5% y/y) after falling to a little-revised 295,000 in the prior week. It was the lowest level of claims in six weeks. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2014
FOMC Indicates Patience Toward Raising Rates
At today's meeting of the Federal Open Market Committee, the Fed indicated, "Based on its current assessment (of the economy), the Committee judges that it can be patient in beginning to normalize the stance of monetary policy." The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2014
U.S. Mortgage Loan Applications Decline; Interest Rates Little-Changed
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index fell 3.3% last week (-3.9% y/y). Applications to purchase a home fell 6.9% (-5.3% y/y) but application to refinance were little changed (-3.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2014
U.S. Current Account Deficit Deepens Slightly
The U.S. current account deficit deepened in Q3'14 to $100.3 billion from $98.4 billion in Q2. The deficit shrank to 2.3% of GDP from 5.8% in 2006. The Action Economics Forecast Survey called for a Q3 deficit of $95.0 billion. Exports [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2014
U.S. Consumer Prices Post Largest Decline Since 2008; Core Prices Moderate
Inflationary pressures remain well contained. The consumer price index fell 0.3% during November (+1.3% y/y) following unrevised stability during October. It was the largest monthly decline since December 2008 and outpaced [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2014
U.S. Consumer Prices Post Largest Decline Since 2008; Core Prices Moderate
Inflationary pressures remain well contained. The consumer price index fell 0.3% during November (+1.3% y/y) following unrevised stability during October. It was the largest monthly decline since December 2008 and outpaced [...]
by:Tom Moeller
|in:Economy in Brief
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