New orders for durable goods jumped 4.2% last month (10.9% y/y) following an upwardly revised 5.2% increase during May, earlier reported as 3.6%. The gain easily outpaced consensus expectations for a 1.0% rise. The transportation [...]
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| Jul 25 2013U.S. Durable Goods Orders Again Reflect Strong Aircraft Bookings
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 24 2013
U.S. Home Mortgage Interest Rates Slip But So Too Do Mortgage Applications
The Mortgage Bankers Association reported that the effective interest rate on a 15-year mortgage ticked lower again, last week to 3.72% from 3.80%. That remained up, however, from the early-May low of 2.89%. The rise in rates follows [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2013
U.S. Chain Store Sales Reach All-Time High
Consumer spending has rebounded this month following its June retrenchment. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales rebounded 1.4% last week (2.1% y/y), pulling sales to a record [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2013
U.S. Gasoline Prices Rise To Highest Level Since March
A trip to the gas station is becoming more costly. The price for a gallon of regular gasoline increased to $3.68 last week (5.4% y/y), up four cents from the week prior. It was the highest price since early-March though it remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2013
FHFA Home Price Index Builds Upward Momentum
Strength in the housing market continues to exhibit itself in rising selling prices. The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.7% during May following a 0.5% April rise. The 7.3% y/y rate of [...]
by:Tom Moeller
|in:Economy in Brief
Existing home sales edged down 1.2% in June (+15.2% y/y) to 5.080 mil. units (AR), according to the National Association of Realtors. The May figure was revised down to 5.140 mil. from 5.180 mil. reported last month. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2013
U.S. Chicago Fed National Activity Index Remains Negative
The Chicago Federal Reserve indicated that its National Activity Index (CFNAI) again was negative last month. The rate of decline moderated, however, to -0.13 from its worst of -0.98 in August of last year. The three-month moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 19 2013
FIBER: Industrial Commodity Prices Weaken This Year
Economic analysts suggest that GDP growth softened last quarter following its 1.8% rise during Q1'13. Recent movement in commodity prices support that conclusion. Yesterday's industrial commodity price index, from the Foundation for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2013
U.S. Leading Economic Indicators Are Unchanged
The index of Leading Economic Indicators, published by the Conference Board, was unchanged last month (2.8% y/y). The figure followed a 0.2% May uptick, last month reported as 0.1%. A 0.3% rise had been expected for June. A stable 55% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2013
Philadelphia Fed Business Conditions Index Improves To Two-Year High
Economic momentum is picking up. The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for July jumped to 19.8. This figure was the highest level since March 2011 and it followed an unrevised 12.5 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2013
U.S. Initial Claims for Unemployment Insurance Retreat
First time unemployment insurance claims fell to 334,000 (-12.6% y/y) during the week ended July 13 from a revised 358,000 during the week prior, initially reported as 360,000. The decline outpaced expectations for a drop to 340,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2013
U.S. Mortgage Applications Depressed by Fewer Refinancings
Mortgage applications continue their swoon. The Mortgage Bankers Association reported that total applications for a home mortgage fell another 2.6% last week (-44.5% y/y). Since early-May applications are down 45.1%. Last week's [...]
by:Tom Moeller
|in:Economy in Brief
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