Total durable goods orders during February rebounded 5.7% (3.8% y/y) following a 3.8% January decline, revised from -5.2%. A 3.7% rise had been expected. Last month's recovery was led by a 21.7% rebound (9.4% y/y) in 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| Mar 26 2013U.S. Durable Goods Orders Recover
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2013
U.S. Chicago Fed National Activity Index Suggests Moderate Economic Growth
The Chicago Federal Reserve reported that its February National Activity Index (CFNAI) rose to 0.44 from a downwardly revised -0.49 in January. Smoothing out the m/m volatility, the three-month moving average deteriorated to 0.09, its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2013
U.S. Mass Layoff Events Near Cycle Low
The employment market continues to firm. The Labor Department reported that layoffs of 50 or more persons from a single firm fell to 960 during February, near the cycle's low. That comes on the heels of a 7.8% decline to 17,080 during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2013
FHFA Home Price Index Continues to Firm
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose another 0.6% during January following three consecutive months of similar increase. The 6.5% y/y rise was its strongest since the middle of 2006; it [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2013
U.S. Existing Home Sales & Prices Improve
The National Association of Realtors reported that sales of existing homes improved 0.8% (10.2% y/y) during February to a 4.98M annual rate. The increase followed an upwardly revised 0.8% January rise. The latest fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2013
Philadelphia Fed Business Activity Index Recovers
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index rebounded during March to 2.0. That followed an unrevised sharp February decline to -12.5. Haver Analytics constructs a seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2013
U.S. Leading Economic Indicators Continue To Firm
The index of Leading Economic Indicators, published by the Conference Board, increased 0.5% (2.0% y/y) during February after a revised 0.5% January increase, initially reported as 0.2%. Eighty percent of the component series had a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 21 2013
U.S. Initial Claims for Unemployment Insurance Tick Higher
Initial claims for jobless insurance inched up to 336,000 during the week ended March 16 from 334,000 during the prior week (revised from 332,000). Consensus expectations were for 340,000 claims. The four week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2013
FOMC Projects Economic Improvement and Moderate Inflation
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 also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2013
U.S. Mortgage Applications Pull Back As Rates Stay Up
The Mortgage Bankers Association index of total mortgage applications declined 7.1% (12.2% y/y) last week following a 4.7% decline during the prior period. Home purchase applications posted a 3.9% decline (+6.4% y/y). Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2013
Chain Store Sales Are Firmer
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales gained 1.4% last week (2.3% y/y) to the highest level since early-January. These gains pulled sales so March sales 1.9% above the February [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2013
U.S. Energy Prices Remain Firm
The pump price for a gallon of regular gasoline fell by just 1 penny last week to $3.70 per gallon (-4.4% y/y), the third consecutive week of marginal decline. Despite the decline, prices remain up by 44 cents (13.6%) since the mid- [...]
by:Tom Moeller
|in:Economy in Brief
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