The budget debate, government furloughs, lower stock prices and higher mortgage rates seem to be weighing on consumer attitudes about the future. Consumer sentiment from the Reuters/University of Michigan survey fell sharply this [...]
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| Oct 11 2013U.S. Consumer Sentiment Shows Dour Expectations
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 10 2013
U.S. Initial Claims for Jobless Insurance Jump with Shutdowns & Glitches
The lines to file for unemployment insurance grew last week to their longest since January. Initial claims for jobless insurance jumped 66,000 to 374,000 (6.3% y/y) during the week ended October 5 from an unrevised 308,000 during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 09 2013
U.S. Mortgage Applications Show Little Bounce
The Mortgage Bankers Association reported that the total mortgage market index improved by 1.3% (-54.7% y/y) last week following their slight down-tick during the prior week. Applications to refinance an existing loan led the gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 08 2013
U.S. Chain Store Sales Remain Lower
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales slipped last week (+1.8% y/y). They began this month 0.8% below the September average after falling 1.3% during all of that month. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 08 2013
U.S. Gasoline Prices Hit Lowest Level Since January
The price for a gallon of regular gasoline dropped 6 cents last week to $3.37 (-12.5% y/y). Prices were at their lowest level since the end of January, down from the $3.78 per gallon peak reached late in February. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 08 2013
U.S. Small Business Optimism Backpedals
The National Federation of Independent Business reported that its Small Business Optimism Index fell to 93.9 last month. This reversed its August improvement to 94.2. The index has been moving sideways for the last six months. Moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2013
U.S. Consumer Credit Usage Continues Strong
Individuals are feeling confident enough to make continued use of their available credit lines. Consumer credit outstanding rose by $13.6 billion in August, continuing firm at 5.9% y/y. The gain followed an unrevised $10.4 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2013
U.S. Consumer Credit Usage Continues Strong
Individuals are feeling confident enough to make continued use of their available credit lines. Consumer credit outstanding rose by $13.6 billion in August, continuing firm at 5.9% y/y. The gain followed an unrevised $10.4 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2013
U.S. Consumer Credit Usage Continues Strong
Individuals are feeling confident enough to make continued use of their available credit lines. Consumer credit outstanding rose by $13.6 billion in August, continuing firm at 5.9% y/y. The gain followed an unrevised $10.4 billion [...]
by:Tom Moeller
|in:Economy in Brief
The National Association of Realtors reported that during August, its Housing Affordability Composite Index fell to 156.1 from 160.7 during July. The Affordability Index reached a peak of 213.6 in January when average mortgage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2013
U.S. Initial Unemployment Insurance Claims Remain Near Recovery Low
Initial claims for jobless insurance ticked up last week to 308,000, but that was just slightly higher than the low early last month of 294,000. During the prior week ended September 21, claims were revised up to 307,000 from 305,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2013
Challenger Job Cut Announcements Pull Back
The outplacement firm of Challenger, Gray & Christmas reported that 40,289 job cuts (19.1% y/y) were announced during September. The decline from 50,462 in August reflected fewer layoffs in the industrial goods, computer, electronics, [...]
by:Tom Moeller
|in:Economy in Brief
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