Personal consumption expenditures increased 0.4% (3.6% y/y) last month following an upwardly revised 0.6% November gain. A 0.2% rise had been expected in the Action Economics forecast survey. During all of 2013, spending rose 3.1% [...]
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| Jan 31 2014U.S. Consumer Spending Continues To Drain Savings
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. Pending Home Sales Hit By Winter Storms
The National Association of Realtors (NAR) reported that December pending sales of single-family homes plunged 8.7% m/m following a 0.3% slip in November, revised from a 0.2 rise. It was the seventh consecutive month of decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 348,000 (-7.0% y/y) during the week ended January 25 from 329,000 during the week prior, revised from 326,000. It was the highest level of claims since the second week of December. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. GDP Growth Moderates in Q4 and in 2013
Real GDP growth for Q4'13 eased to 3.2% (2.7% y/y) from 4.1% during the third quarter. The gain roughly matched consensus expectations for a 3.3% rise in the Action Economics survey. For all of last year growth also moderated to 1.9%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. GDP Growth Moderates in Q4 and in 2013
Real GDP growth for Q4'13 eased to 3.2% (2.7% y/y) from 4.1% during the third quarter. The gain roughly matched consensus expectations for a 3.3% rise in the Action Economics survey. For all of last year growth also moderated to 1.9%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2014
FOMC Pares Back the Rate of Liquidity Provision
At today's meeting of the Federal Open Market Committee, the Fed "decided to make a further measured reduction in the pace of its asset purchases. Beginning in February, the Committee will add to its holdings of agency mortgage-backed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2014
Unemployment Rates Decline Across the U.S.
The overall U.S. rate of unemployment of 6.7% last month was its lowest since October 2008. Improvement was registered across the country and gained momentum in many states. While the country's overall jobless rate is down 2.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2014
U.S. Mortgage Loan Applications Remain Firm With Lower Rates
The Mortgage Bankers Association reported that their total mortgage market index slipped just 0.2% last week (-50.9% y/y) following firm gains during the prior three weeks. Applications have risen 19.9% since the end of last month. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2014
U.S. Durable Goods Orders Lose Forward Momentum
The durable goods manufacturing sector had a good year in 2013. New orders increased 5.1% for the full year following a 4.1% gain in 2012. These increases were, however, slower than the double-digit gains of the prior two years. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2014
U.S. Consumer Confidence Nears Expansion High
Consumers are feeling better about things. Consumer confidence, as measured by the Conference Board, improved to an index reading of 80.7 this month from December's 78.5, revised from 78.1. The latest gain outpaced the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2014
U.S. Case-Shiller Home Price Index Shows Further Upward Momentum
The seasonally adjusted Case-Shiller 20-City Home Price Index gained another 0.9% during November following increases near 1.0% during the prior three months. These lifted the y/y rise to 13.8%, its strongest since February 2006. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2014
U.S. Durable Goods Orders Lose Forward Momentum
The durable goods manufacturing sector had a good year in 2013. New orders increased 5.1% for the full year following a 4.1% gain in 2012. These increases were, however, slower than the double-digit gains of the prior two years. [...]
by:Tom Moeller
|in:Economy in Brief
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