The Mortgage Bankers Association reported that their total mortgage market index improved 0.4% last week (-52.3% y/y). Applications rose 20.5% since the end of December. The gain over the last five week's was driven by a 28.8% [...]
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| Feb 05 2014U.S. Mortgage Loan Applications Benefit From Lower Interest Rates
by:Tom Moeller
|in:Economy in Brief
Global| Feb 05 2014U.S. ADP Job Increase Slows With Severe Weather Conditions
Job creation moderated last month with heavy snowfalls. The ADP/Moody's National Employment Report showed a 175,000 rise (2.0% y/y) in nonfarm private sector jobs during January, the weakest increase since August. Expectations were [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 04 2014U.S. Gasoline Prices Slip As Natural Gas Prices Surge
The price for a gallon of regular gasoline prices edged down a penny last week to $3.29 (-7.0% y/y) last week and remained down versus the $3.78 per gallon peak reached in February of last year. Haver Analytics constructs seasonal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 04 2014U.S. Factory Orders Decline While Inventories Rise
Orders to all manufacturers roughly matched expectations and fell 1.5% (+0.8% y/y) during December. For all of last year new orders rose 2.7% and roughly equaled the 2012 increase. Last month's decline reflected a little-revised 4.2% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 04 2014Empire State Business Leaders Survey Deteriorates
The Business Leaders Survey from the Federal Reserve Bank of New York is similar to the Empire State Manufacturing Survey. One set of numbers covers New York's service sector and the other the factory sector. During January, the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 04 2014U.S. Gasoline Prices Slip As Natural Gas Prices Surge
The price for a gallon of regular gasoline prices edged down a penny last week to $3.29 (-7.0% y/y) last week and remained down versus the $3.78 per gallon peak reached in February of last year. Haver Analytics constructs seasonal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2014U.S. Vehicle Sales Continue to Decline as Weather Turns Frigid
Temperatures below zero in some parts of the U.S., and just unseasonably cold elsewhere in the country, took their toll on light vehicle sales last month. Unit motor vehicle sales slipped 1.0% to 15.24 million (SAAR, +0.1% y/y) during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2014U.S. Construction Spending Growth Moderates
The value of construction put-in-place ticked 0.1% higher in December (5.3% y/y) following a revised 0.8% November increase, initially reported as 1.0%. No change in building activity had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2014U.S. ISM Index Plunges Under Heavy Weather
Widespread snowstorms in the U.S. helped limit factory operations last month. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management dropped sharply to 51.3 during January from a revised 56.5 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014U.S. Consumer Sentiment Declines
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014U.S. Consumer Sentiment Declines
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014U.S. Employment Cost Index Includes Strength in Wages & Salaries
The employment cost index for private industry workers increased 0.5% (2.0% y/y) in Q4'13, following an unrevised 0.4% rise in Q3. For all of last year the index rose 1.9%. Wages & salaries of private industry workers gained 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
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