Last quarter's real GDP growth was revised up to an expected 1.7% annual rate following the advance estimate of 1.5% growth. The revision reflected offsetting changes to foreign trade and inventories. Domestic demand growth of 1.6% [...]
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| Aug 29 2012U.S. GDP Growth Is Revised Up But Profits Are Weak
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2012
U.S. Consumer Confidence Falls Sharply
Consumers' confidence about the future has turned sour. In fact, lower expectations for the next six months helped push the Conference Board's Consumer Confidence Index for August down by 7.3% m/m to 60.6 from 65.4 in July, initially [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2012
U.S. Petroleum Prices Continue Upward
The pump price of regular gasoline rose another four cents last week to $3.78 per gallon, the highest level since early May. Haver Analytics' seasonally-adjusted price for regular rose six cents w/w to $3.62 per gallon. This [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2012
U.S. Case-Shiller Home Price Index Is Still Rising
The recovery in housing markets continues to bolster prices. The seasonally adjusted Case-Shiller 20-City Home Price Index rose 0.9% (0.5% y/y) during June. That added to its little revised 1.0% May increase. The gain in prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2012
FHFA Home Price Index Continues To Rise
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.7% during June following a 0.6% May increase, last month reported as 0.8%. It was the fifth consecutive monthly gain. The 3.6% y/y increase was its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 24 2012
U.S. Durable Goods Orders Rise Again Led By Transportation
New orders for durable goods jumped another 4.2% last month following an unrevised 1.6% June increase. Expectations had been for a 1.5% July rise. Strength continued to center in the transportation sector where orders jumped 14.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2012
U.S. New Home Sales Recover As Prices Fall
New home sales rose 3.6% in July to 372,000 from 359,000 during the prior month, revised from 350,000. The increase surpassed Consensus expectations for 360,000. Sales in the Northeast recovered most of a June plunge while sales in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2012
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 372,000 during the week ended August 18 from 368,000 during the prior week, revised from 366,000. Consensus expectations were for 365,000 claims. The four-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2012
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 372,000 during the week ended August 18 from 368,000 during the prior week, revised from 366,000. Consensus expectations were for 365,000 claims. The four-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2012
U.S. Existing Home Sales Nudge Higher But Prices Slip
Sales of existing homes rose 2.3% last month to a 4.470M annual rate last month. That made up roughly half of June's unrevised decline. Expectations were for 4.50M sales. Sales of existing single-family homes alone rose 2.1% to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2012
U.S. Mortgage Applications Fall As Interest Rates Tick Up
The Mortgage Bankers Association index of total mortgage applications fell 7.4% last week (+17.5% y/y), the third straight week of sharp decline. Applications have fallen 13.2% from last month's high. Applications to refinance fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2012
U.S. Chain Store Sales Fall Again
Chain store sales fell 1.5% last week (+3.1% y/y), the third week of sluggishness in the last four. However, soft sales now contrast with a solid 3.3% rise in purchases during all of July. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
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