Initial unemployment insurance claims declined to 312,000 during the week ended June 21 from 314,000 in the prior week, revised from 312,000. The latest claims level matched expectations in the Action Economics Forecast Survey and [...]
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| Jun 26 2014U.S. Initial Claims for Unemployment Insurance Slip
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2014
U.S. Consumers Cautiously Raise Spending; Price Inflation Ramps Up
Personal consumption expenditures rose 0.2% during May (3.7% y/y) following no change in April, revised from the 0.1% dip reported last month. A 0.4% rise had been expected in the Action Economic Forecast Survey. When adjusted for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2014
U.S. Mortgage Loan Applications Move Lower; Interest Rates Slip
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 1.0% last week (-44.7% y/y) and added to the prior week's 9.2% skid. Applications remained two-thirds below the peak in September 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2014
U.S. Durable Goods Orders Suffer a Setback
New orders for durable goods declined 1.0% (+2.7% y/y) during May and reversed an unrevised 0.8% April rise. The decline contrasted with expectations for no change in the Action Economics Forecast Survey. Fewer new orders for [...]
by:Tom Moeller
|in:Economy in Brief
Real GDP was revised to a 2.9% annual rate of decline in Q1 (+1.5% y/y) following a 1.0% drop reported last month. It was the largest decline in five years and compared to a 1.8% drop in the Action Economics Forecast Survey. Consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2014
U.S. Consumer Confidence Increases Again
The Conference Board reported that their reading of consumer confidence improved 3.6% (3.8% y/y) to 85.2 this month from 82.2 in May, revised from 83.0. The latest figure was the highest since January 2008 and beat expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2014
U.S. New Home Sales Rise to Six-Year High as Prices Improve
New home sales during May increased 18.6% m/m (16.9% y/y) to 504,000 from 425,000 during April, initially reported as 433,000. The latest was the highest level of sales since May 2008 and beat expectations for 440,000 sales in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2014
U.S. FHFA Home Price Index Growth Eases Y/Y; Prices are Unchanged M/M
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) held steady during April, the weakest monthly reading since November. As a result, the year-to-year growth rate fell to 5.9% from an 8.5% peak in July of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2014
U.S. Energy Prices Firm
The price for a gallon of regular gasoline ticked higher to $3.70 last week (3.6% y/y). The price has been near the current level since April but remained down from the $3.78 per gallon peak reached in February of last year. To [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2014
U.S. Existing Home Sales Improve to Seven-Month High and Pull Prices Higher
Earlier improvement in home sales picked up steam last month. Sales of existing single-family homes in May jumped 4.9% (-5.0% y/y) to 4.890 million (AR) from 4.660 million in April, earlier reported as 4.650 million. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2014
Chicago Fed National Activity Index Indicates Improved Economic Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for May gained to 0.21 and recovered the April decline to -0.15, revised from -0.32. The reading indicates that overall U.S. economic activity is on a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2014
FIBER: Industrial Commodity Prices Pull Back
Industrial commodity prices recently have retraced gains logged since early-February. The industrial commodity price index, from the Foundation for International Business and Economic Research (FIBER), averaged 165.09 this week, down [...]
by:Tom Moeller
|in:Economy in Brief
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