The index of consumer sentiment from the Reuters/University of Michigan survey jumped to 82.5 for all of this month from 75.1 during November. That nearly recovered all of the decline since July and roughly matched expectations for an [...]
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| Dec 23 2013Consumer Sentiment Rise Is To The Highest Level Since July
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2013
U.S. Consumers Dip Into Savings to Sustain Personal Spending
More confident individuals are dipping into savings to spend. The personal savings rate fell to 4.2% in November from a downwardly revised 4.5% in October. It was the lowest saving rate in nine months. The total amount of personal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2013
U.S. GDP Growth Is Revised Upward With Improved Consumer Spending
Real GDP growth for Q3'13 was revised up again, this time to 4.1% (2.0% y/y) from 3.6%. Growth was the firmest since Q4'11 and outpaced consensus expectations for a 3.6% rise in the Action Economics survey. Domestic final sales rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2013
U.S. Existing Home Sales Fall and Prices Weaken Further
Sales of existing single-family homes fell 4.3% (-1.2% y/y) to 4.900 million (AR) during November from an unrevised 5.120 million in October. The decline from the August high totals 9.1%. November sales fell short of 5.050 million [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2013
Philadelphia Fed Business Conditions Index Disappoints
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for December rose slightly to 7.0 from 6.5 in November. The figure nevertheless remained near its lowest level since May and was weaker than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 19 2013
U.S. Initial Claims for Unemployment Insurance Surge With Seasonal Quirks
Initial claims for unemployment insurance increased to 379,000 last week (3.6% y/y) following 369,000 claims during the week ended December 7, revised from 368,000. The rise contrasts with consensus expectations for a decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2013
FOMC Will Reduce the Rate of Asset Purchases
At today's meeting of the Federal Open Market Committee the Fed elected to begin reducing, in January, its purchases of agency mortgage-backed and Treasury securities to $75 billion per month from $85 billion per month. The Fed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2013
U.S. Mortgage Loan Applications Decline Further
The Mortgage Bankers Association reported that their total mortgage market index dropped 5.5% last week (-54.1% y/y) to the lowest level since late-2008. Home purchase mortgage applications dropped 6.1% last week (-11.8% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 18 2013
U.S. Housing Starts Surge to Highest Level Since 2008
Housing starts during November surged 22.7% to 1.091 million (29.6% y/y) on top of a 1.8% October gain to 889,000. The latest level beat expectations for 965,000 starts in the Action Economics survey. Starts of single-family homes [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2013
U.S. Chain Store Sales Bounce Back
Sales at chain stores were vigorous last week. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales recovered 4.8% (2.0% y/y) last week to the highest level since mid-July. The rise follows a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2013
U.S. Gasoline Prices Slip As Crude Oil Moves Up
The price for a gallon of regular gasoline prices fell to $3.24 (-2.4% y/y) last week and remained versus the $3.78 per gallon peak reached late in February. Much of the decline reflects less driving this time of year. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 17 2013
U.S. Home Builders Index Recovers To Expansion High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo jumped four points to 58 this month and landed at the highest level since the economic expansion began. This latest figure was stronger than [...]
by:Tom Moeller
|in:Economy in Brief
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