GDP grew 3.9% last quarter (2.4% y/y), revised up from the advance estimate of 3.5% growth. The gain exceeded expectations for a 3.3% advance in the Action Economics Forecast Survey. So far this year economic growth averaged 2.1%, [...]
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| Nov 25 2014U.S. GDP Growth in Q3 Is Revised Higher; Profits Growth Slows
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2014
Texas Factory Sector Activity Outlook Suggests Continued Growth
The Federal Reserve Bank of Dallas indicated that business conditions remained positive this month. There were numerous indications, however, of slower growth. The overall business activity index improved m/m as well as y/y. Behind [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2014
Chicago Fed National Activity Index Moderates
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for October fell to 0.14 from 0.29 in September, revised from 0.47. The three-month moving average fell to -0.01 from 0.12. It was the lowest figure since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2014
Kansas City Fed Factory Sector Activity Improves
The Federal Reserve Bank of Kansas City reported that its Composite index of 10th District factory sector activity recovered to 7 this month after falling sharply to 4 in October. Nevertheless, the figure remained near the middle of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2014
U.S. State Unemployment Rates Are Lower but Vary Widely
The overall U.S. unemployment rate continued to reach new lows last month. The 5.8% rate was a six-year low and down from 10.0% at its late-2009 peak. Variation in the level amongst individual states continues, but a declining trend [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2014
U.S. Leading Economic Indicators Index Firms
The Index of Leading Economic Indicators from the Conference Board increased 0.9% last month (6.8% y/y) following a 0.7% September rise, revised from 0.8%. The index level was the highest since July 2007. Eighty five percent of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2014
Philadelphia Fed Business Conditions Index Rebounds; Nears 1993 High
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for November jumped to 40.8 from 20.7 in October. The figure was the highest since December 1993 and surpassed expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2014
U.S. Initial Unemployment Insurance Claims are Little-Changed
Initial claims for jobless insurance during the week ended November 15 held fairly steady at 291,000 versus 293,000 during the prior week, revised from 290,000. The Action Economics Forecast Survey expected 280,000 claims in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2014
U.S. Consumer Prices Remain Unchanged; Core Prices Heat Up
The consumer price index held steady during October (1.7% y/y) following an unrevised 0.1% September uptick. The figure compared to an expected 0.1% decline in the Action Economics Forecast Survey. Consumer prices excluding food and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2014
U.S. Mortgage Loan Applications Improve
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index increased 4.9% last week (-13.3% y/y) to the highest level since the middle of last month. Applications to purchase a home jumped 11.7% (-6.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2014
U.S. Housing Starts Weaken Overall; Building Permits Reach Six-Year High
Housing starts during October fell 2.8% (+7.7% y/y) to 1.009 million (AR) from 1.038 million in September, revised from 1.017 million. The latest level fell short of expectations for 1.028 million starts in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2014
U.S. Gasoline Prices Decline to 2010 Low
The price for a gallon of regular gasoline last week revisited the lowest level since November 2010. The $2.89 cost (-10.1% y/y) was down from $2.94 during the prior week. To account for seasonal patterns, Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
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