At today's meeting of the Federal Open Market Committee, the Fed indicated that the economy, consumer spending, business investment and job creation each had improved. Two caveats, however, regarding growth were offered: the housing [...]
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 18 2014FOMC Sees Pickup in Economic Growth and Job Creation; Pares Back Bond Purchases Further
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2014
U.S. Mortgage Loan Applications Decline as Interest Rates Move Up
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 9.2% last week (-45.8% y/y) and reversed the prior week's gain. Applications remained two-thirds below the peak in September 2012. [...]
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
- Global| Jun 17 2014
U.S. Crude Oil Prices Strengthen
The per barrel cost of WTI crude oil increased last week to $105.59 (9.6% y/y), the highest level since last September. The seasonally adjusted price of $105.19 per barrel, generated by Haver Analytics, remained up sharply from $92.19 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2014
U.S. Housing Starts Lose Upward Momentum
Housing starts during May declined 6.5% to 1.001 million (+8.0% y/y from 1.071 million in April, revised from 1.072 million. The latest figure fell short of expectations for 1.028 million starts in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 17 2014
U.S. Consumer Price Index Reflects Broad-Based Strength
Consumer prices increased 0.4% (2.1% y/y) in May, the largest increase since February 2013. The reading easily beat consensus expectations for a 0.2% rise in the Action Economics Forecast Survey. Consumer prices excluding food and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2014
U.S. Industrial Output Records Strong Increase
Industrial output in the U.S. increased 0.6% last month (4.3% y/y) following a 0.3% April decline, revised from -0.6%. A 0.5% gain in total production was expected in the Action Economics Forecast Survey. Production in the factory [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2014
U.S. Home Builders Index Recovers to Five-Month High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo improved to 49 this month from an unrevised from 45 in May. The latest figure was the highest since January and beat consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2014
Empire State Factory Sector Index Garners Additional Strength
The Empire State Factory Index of General Business Conditions improved during June to 19.28 from 19.01 in May. The Federal Reserve Bank of New York reported that it was the highest level since June 2010 and beat expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2014
U.S. Wholesale Prices Post Broad-Based Declines
The overall final demand Producer Price Index declined 0.2% (+2.0% y/y) during May following an unrevised 0.6% April increase. It was the first decline since February and compared to expectations for a 0.1% gain in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2014
U.S. Retail Sales Post Uneven Increases
Retail and food service sales gained 0.3% during May following a 0.5% April advance, revised from 0.1%. A 0.5% increase had been expected in the Action Economics Forecast Survey. Sales of motor vehicles & parts increased 1.4% (10.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 12 2014
U.S. Business Inventory Increase Again Paced by Wholesale
Total business inventories increased 0.6% in April (5.0% y/y) after a 0.4% rise during March. It was the firmest monthly increase in six months. Merchant wholesale inventories jumped another 1.1% (6.7% y/y). Inventories in the factory [...]
by:Tom Moeller
|in:Economy in Brief
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