New home sales during October edged up 0.7% m/m to 458,000 (1.8% y/y) following a 0.4% rise to 455,000 in September, initially reported as 467,000. The latest figure disappointed expectations for 470,000 sales in the Action Economics [...]
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 26 2014U.S. New Home Sales Improve; Prices Jump
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2014
U.S. Personal Income and Spending Growth Remain Moderate
Overall personal income increased 0.2% during October (4.1% y/y) after an unrevised 0.2% September rise. The increase disappointed expectations for a 0.4% improvement in the Action Economics Forecast Survey. Wages & salaries earnings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2014
U.S. Gasoline & Crude Oil Costs Decline; Natural Gas Prices Increase
The price for a gallon of regular gasoline fell to $2.82 last week (-14.3% y/y), down from $2.89 during the prior week and off versus $3.69 averaged in June. To account for seasonal patterns, Haver Analytics constructs factors for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2014
U.S. Consumer Confidence Pulls Back to Five-Month Low
The Conference Board reading of consumer confidence retreated to 88.7 this month (+23.2% y/y) from 94.1 in October, revised from 94.5. The latest figure disappointed expectations for 96.0 in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2014
U.S. FHFA Home Price Index Remains Unchanged
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) remained unchanged during September following a 0.4% August gain, revised from 0.5%. The latest increase left the y/y rise at 4.3%, its weakest gain since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2014
U.S. GDP Growth in Q3 Is Revised Higher; Profits Growth Slows
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%, [...]
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
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