Higher interest rates prompted an immediate reaction in the mortgage loan market. Last week's increase in the effective rate on a 15-year mortgage to 3.17% left it at it's highest level since the last week of August. In tandem, the [...]
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| May 29 2013U.S. Mortgage Refinancings Drop Sharply With Higher Rates
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2013
U.S. Consumer Confidence Continues To Strengthen
Consumer confidence has been building across the board. The Conference Board's Consumer Confidence Index rose to 76.2 this month and built on the upwardly revised April figure of 69.0. Consensus expectations had been for a roughly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2013
U.S. Case-Shiller Home Price Index Builds Forward Momentum
Home price strength is quite uneven around the country this year, but improvement is apparent everywhere. The seasonally adjusted Case-Shiller 20 City Home Price Index gained 1.1% (10.9% y/y) during March following a little-revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2013
U.S. Durable Goods Orders Led Higher by Aircraft
Strength in the transportation sector led new orders for durable goods 3.3% higher (2.4% y/y) during April. This followed a little-revised 5.9% March decline and an upwardly-revised 6.4% February jump. A 1.7% rise in orders for last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2013
U.S. New Home Sales Near Cycle-High as Prices Surge to Record
New home sales increased 2.3% (29.0% y/y) last month to 454,000 (AR) from a revised 444,000 during March, initially reported as 417,000. The latest level was near the cycle-high as the monthly gain outpaced Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2013
FHFA Home Price Index Remains in an Uptrend
Improved housing markets are lending strength to home-sellers' pricing power. The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 1.3% during March, the strongest m/m increase of the recovery. The 7.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2013
U.S. Initial Unemployment Insurance Claims Pull Back
Initial claims for unemployment insurance fell to 340,000 (-8.4% y/y) during the week ended May 18 from a revised 363,000 during the prior week, initially reported as 360,000. Consensus expectations were for 345,000 claims. The four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2013
U.S. Chain Store Sales Continue to Lose Forward Momentum
Consumer spending growth continues to back away from the recent peak. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales ticked up just 0.2% (3.1% y/y) last week following two weeks of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2013
U.S. Gasoline Prices Improve But Crude Oil Prices Slip From High
The upcoming summer driving season is lending strength to gasoline prices. The price of regular gasoline gained another seven cents last week to $3.67 per gallon, still off a slim 1.1% versus last year. Prices remain below the $3.78 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2013
U.S. Gasoline Prices Improve But Crude Oil Prices Slip From High
The upcoming summer driving season is lending strength to gasoline prices. The price of regular gasoline gained another seven cents last week to $3.67 per gallon, still off a slim 1.1% versus last year. Prices remain below the $3.78 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2013
U.S. Chicago Fed National Activity Index Suggests Economic Weakness
The Chicago Federal Reserve reported that its April National Activity Index (CFNAI) declined to -0.53 from an unrevised -0.23 in March. The three-month moving average was relatively stable at -0.04, its lowest reading since October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2013
NABE Forecast Shows Improved GDP Growth
The National Association for Business Economics raised the median expectation for real GDP growth to 2.9% for next year from the 2.8% estimate in its November survey. That follows a 2.1% growth projection for this year. Quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 518 page