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 [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2014U.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
- Global| Jun 19 2014
U.S. Leading Economic Indicators Continue to Rise
The Index of Leading Economic Indicators, from the Conference Board, improved 0.5% during May (5.9% y/y), the fourth straight month of firm increase. The rise roughly matched expectations in the Action Economics Forecast Survey for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2014
U.S. Initial Unemployment Insurance Claims Decline Along With Jobless Rate
Initial jobless insurance claims declined to 312,000 during the week ended June 14 from 318,000 during the prior week, revised from 317,000. A 314,000 level of claims was expected in the Action Economics Forecast Survey. Claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2014
Philadelphia Fed Business Conditions Index Rebounds to Nine-Month High
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for June improved to 17.8 from 15.4 in May. The figure was the highest since September and beat consensus expectations for a decline to 13.9, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
U.S. Current Account Deficit is Deepest Since Q3 2012
The U.S. current account deficit expanded sharply last quarter to $111.2 billion from $87.3 billion in Q4. It was the largest quarterly deficit since Q3 2012 and represented 2.6% of GDP. The Action Economics Forecast Survey called for [...]
by:Tom Moeller
|in:Economy in Brief
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