Disposable personal income grew 0.4% during September, the most in six months and a pickup from the negligible 0.1% August uptick. However, adjusted for price inflation, disposable personal income slipped marginally (+1.9% y/y) after [...]
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 29 2012U.S. Prices Eat Away Income Gain
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2012
Consumer Sentiment Advances To Highest Level Since 2007
The University of Michigan's Index of Consumer Sentiment for October increased to 82.6 from an unrevised 78.3 in September. The reading at mid-month was 83.1. The latest number was the highest since September 2007 and expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2012
U.S. GDP Growth Firms But Price Inflation Accelerates
Economic growth recovered somewhat last quarter. Real GDP increased at a 2.0% (2.3% y/y) annual rate, up from the unrevised 1.3% Q2 gain. Consensus expectations were for a 1.8% rise. Improved growth in domestic final sales drove the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Durable Goods Orders Bounce Back M/M But Trend Lower
Durable goods orders recovered 9.9% (2.5% y/y) last month following the 13.1% falloff during August. The improvement was better than the 7.0% Consensus forecast. A 31.7% rise in orders for transportation equipment led the rebound as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Pending Home Sales Stabilize
Pending sales of single-family homes ticked up 0.3% last month after a sharp and unrevised 2.6% August decline, according to the National Association of Realtors (NAR). While sales have risen nearly one-third from the 2010 low, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Chicago Fed Index Recovers
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) rebounded to 0.00 during September from -1.17 during August, revised from -0.87. The three-month moving average improved to -0.37 but still was nearly the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Initial Claims For Unemployment Insurance Return To Sideways Trend
There's been volatility in the recent readings for initial jobless insurance claims. The sharp decline in last week's figure to 369,000 from 392,000, revised from 388,000, left the four week moving average at a slightly reduced [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2012
U.S. Home Price Appreciation Picks Up
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.6% during August following an unrevised 0.2% July increase. The rise lifted the y/y advance to 4.7%, its strongest since 2006. That followed four [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2012
FOMC Indicates Securities Purchases Will Continue
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| Oct 24 2012
U.S. Mortgage Applications Decline Again
The Mortgage Bankers Association index of total mortgage applications fell 12.0% last week (+27.8% y/y), down for the third straight week. The decline was led by a 12.9% drop (+34.0% y/y) in applications to refinance an existing loan. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2012
U.S. New Home Sales Advance But Prices Retreat
The new home sales market reached a two year high last month. New home sales in September rose 5.7% to 389,000 (SAAR) from 368,000 during August, revised from 373,000. The gain beat Consensus expectations for 382,000 sales. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2012
U.S. Home Price Appreciation Picks Up
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) gained 0.6% during August following an unrevised 0.2% July increase. The rise lifted the y/y increase to 4.7%, was its strongest since 2006 and followed [...]
by:Tom Moeller
|in:Economy in Brief
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