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 [...]
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 24 2012U.S. Home Price Appreciation Picks Up
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2012
U.S. Mass Layoffs Fall Further
Fewer payrolls were cut back last month. The Labor Department reported that layoffs of 50 or more persons from a single firm fell to 811, the lowest level since September 2007; down nearly by one-third y/y. However, this decline was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2012
U.S. Chain Store Sales Trend Lower
Perhaps it's all seasonal, but there's been pressure on consumer spending. Since their peak in mid-July, chain store sales have fallen 5.0%, leaving the y/y gain at 2.9%. Chain store sales fell 0.7% last week and the October average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2012
U.S. Gasoline Prices Decline Sharply With Slackened Demand
The summer driving season is over and the overall economy is weak. That's a prescription for lower gasoline prices. Last week, the pump price for a gallon of regular gasoline dropped thirteen cents (-3.5%) to $3.69 per gallon. That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2012
NABE Lowers Projected GDP Growth
For 2013, the National Association for Business Economics lowered the expectation for real GDP growth to 2.2%, a revision from the 2.7% expected in May. That follows a little revised projection for 2.2% growth for this year. Quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2012
State Unemployment Rates Are Improved But Vary Greatly
Throughout the United States, the unemployment rate has fallen to some degree from its recession high. However, there are notable exceptions. In New Jersey and New York, for example, unemployment rates recently reached new highs. In [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2012
U.S. Existing Home Sales Decline
The National Association of Realtors reported that sales of existing homes fell 1.7% last month to a 4.750M annual rate. The decline followed an upwardly revised 8.1% August rise and roughly matched expectations. Sales of existing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2012
U.S. Initial Jobless Insurance Claims Surge
Initial unemployment insurance claims spiked to 388,000 during the week ended October 13 versus a revised 342,000 during the prior week, last week reported as 339. Consensus expectations were for 365,000. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2012
U.S. Leading Indicators Recover
The Leading Economic Indicator index from the Conference Board increased 0.6% last month following a 0.4% August decline, initially estimated at -0.1%. Sixty five percent of the component series had a positive influence on the index [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2012
Philadelphia Fed Business Activity Index Improves
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index rose to 5.7 this month after gaining to an unrevised -1.9 during September. The figure was the first positive number in six months and it beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2012
U.S. Initial Jobless Insurance Claims Surge
Initial unemployment insurance claims spiked to 388,000 in the week ended October 13 versus a revised 342,000, last week reported as 339,000. The Bureau of Labor Statistics indicated that technical issues account for the recent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2012
U.S. Mortgage Applications Retreat
The Mortgage Bankers Association index of total mortgage applications fell 4.2% last week (+52.3% y/y), down for the second straight week. The decline was led by a 5.3% drop (+60.6% y/y) in applications to refinance an existing loan. [...]
by:Tom Moeller
|in:Economy in Brief
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