The Conference Board's Index of Consumer Confidence Index for July rose 5.1% m/m to 65.9 from 62.7 in June, initially reported as 62.0. Expectations were for a July reading of 62.0. The latest figure was the highest since April. [...]
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| Jul 31 2012
U.S. Consumer Confidence Makes Up Most-Recent Losses
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2012
U.S. Employment Cost Index Continues Moderate
The employment cost index for private industry workers rose 0.5% in Q2'12 versus an unrevised 0.4% Q1 rise. The latest increase in total compensation matched expectations as compiled by Bloomberg. The four-quarter gain of 1.8% was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2012
U.S. Case-Shiller Home Price Index Advances Again
Improvement in housing activity is helping pricing power. The seasonally adjusted Case-Shiller 20-City Home Price Index rose another 0.9% (-0.7% y/y) during May. That added to its little-revised 0.7% April rise. The narrower 10 City [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2012
U.S. Personal Income Improves Again -- And It's Saved
Consumers are growing more cautious.Personal income increased 0.5% (3.5% y/y) last month following a revised 0.3% May rise. A 0.4% June gain was expected. Wages and salaries were firm and posted a 0.5% rise (3.5% y/y) after a little- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2012
U.S. GDP Is Depressed By Public Sector Contraction
There's no doubt that GDP growth has been moderate. Data released last week indicated that year-to-year growth of 2.2% ending in Q2'12 was about the same as during all of 2011 (1.8%) and 2010 (2.4%). After past deep recessions, growth [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 27 2012
U.S. Consumer Sentiment Moves Lower
The University of Michigan's Index of Consumer Sentiment for July fell to an expected 72.3 compared to 73.2 in June. The mid-month July figure was 72.0. The latest figure was the lowest since December. A lower consumer expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 27 2012
U.S. GDP Growth Is Decelerating and Modest
It remains a problematic growth environment. Real GDP advanced at an expected modest 1.5% annual rate during Q2'12 following 2.0% Q1'12 growth and a 4.1% Q4'11 advance. The gains continue to make this the weakest economic recovery on [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2012
U.S. Durable Goods Orders Buoyed by Aircraft
New orders for durable goods jumped another 1.6% last month following a similar May increase (initially reported as 1.1%). The Consensus forecast was for a 0.5% June rise. Resurgent orders for aircraft & parts accounted for much of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2012
U.S. Pending Home Sales Decline
Pending sales of single-family homes fell 1.4% last month after a little revised 5.4% May rise, according to the National Association of Realtors (NAR). Sales have risen nearly one-third versus the 2010 low. Nevertheless, the sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2012
U.S. Initial Unemployment Insurance Claims Fall Back
Bona fide job market improvement was more in evidence last week. Initial claims for unemployment insurance dropped back to 353,000 during the week ended July 21st from 388,000 during the prior week, revised from 386,000. The decline [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 25 2012
U.S. Mortgage Applications Tick Up As Rates Edge Down
Lower interest rates continue to generate business for mortgage lenders. The Mortgage Bankers Association index of total mortgage applications rose 0.9% last week (78.7% y/y) on top of the prior week's 16.9% jump. The figures are [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 25 2012
U.S. New Home Sales and Prices Both Drop
New home sales fell 8.4% last month to 350,000 from 382,000 in May, earlier reported as 350,000. June sales fell short of consensus expectations for 369,000. A two-thirds plunge in sales in the Northeast left them unchanged y/y. Sales [...]
by:Tom Moeller
|in:Economy in Brief
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