Improvement in new orders is broadening within the factory sector. New orders for durable goods jumped 3.6% (7.6% y/y) during May following a like increase in April, initially reported as 3.3%. A 2.5% rise in orders for last month had [...]
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| Jun 25 2013U.S. Durable Goods Orders Strength Is Broad-based
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2013
U.S. Chicago Fed National Activity Index Remains Negative
The Chicago Federal Reserve indicated that its National Activity Index (CFNAI) remained negative last month. The figure improved, however, to -0.30 from a little-revised -0.52 in April. The three-month moving average deteriorated [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2013
State Unemployment Rates Continue Lower but Vary Greatly
Improvement in the overall labor market is evident in May's 7.6% unemployment rate. That compares to 7.8% at the end of last year and 8.1% during all of 2012. Notable has been the rate's recent decline in states where it previously [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2013
State Unemployment Rates Continue Lower but Vary Greatly
Improvement in the overall labor market is evident in May's 7.6% unemployment rate. That compares to 7.8% at the end of last year and 8.1% during all of 2012. Notable has been the rate's recent decline in states where it previously [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2013
U.S. Leading Economic Indicators Rise on Financial Series' Strength
The index of Leading Economic Indicators, published by the Conference Board, ticked up 0.1% (2.0% y/y) during May to 95.2, another high for the economic recovery. The gain followed an upwardly revised 0.8% April increase, last month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2013
Philadelphia Fed Business Conditions Index Recovers to a Two-Year High
Economic recovery is taking hold. The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for June jumped to 12.5. This figure was the highest level since April 2011 and it followed an unrevised -5.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 20 2013
U.S. Initial Jobless Insurance Claims Move Higher
Initial unemployment insurance claims rose to 354,000 (-8.3% y/y) during the week ended June 15 from a revised 336,000 during the week prior, initially reported as 334,000. Consensus expectations were for 340,000 claims. The four week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2013
FOMC Leaves Fed Funds, Economic Outlook and Securities Purchases Unchanged
As expected, the Federal Open Market Committee today left the Federal funds rate in a range from 0 to 1/4 percent. The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate was left at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2013
U.S. Mortgage Applications Move Lower Despite Interest Rate Stability
The Mortgage Bankers Association indicated that total applications for a home mortgage fell 3.3% w/w from last week, following a 5.0% rise during the prior week. The latest level was down by nearly one-third since early-May. Last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 19 2013
U.S. Mortgage Applications Move Lower Despite Interest Rate Stability
The Mortgage Bankers Association indicated that total applications for a home mortgage fell 3.3% w/w following a 5.0% rise during the prior week. The latest level was down by nearly one-third since early-May. Last week's decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2013
U.S. Gasoline Prices Slip While Crude Oil Strengthens
The price of regular gasoline retreated last week to $3.63 per gallon but remained up 2.6% versus last year. Prices remain below the $3.78 per gallon peak reached late in February. Haver Analytics constructs seasonal factors to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 18 2013
U.S. Chain Store Sales Tick Up W/W but Trend Lower
Consumer spending this month seems to be on a weak footing. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales inched up 0.3% last week (2.5% y/y). During the week earlier, however, sales [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 514 page