Economic growth of 3.0% (SAAR) last quarter was unrevised, as expected, in the Commerce Department's 3rd estimate. Growth remained the firmest since Q2'10. Despite this slight improvement, annualized corporate profit growth amounted [...]
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 29 2012U.S. 3.0% GDP Growth Estimate Unchanged; Profit Growth Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2012
U.S. Initial Claims for Jobless Insurance Continue Downward
The job market continued to firm last week. Initial claims for unemployment insurance fell 5,000 to 359,000 during the week ended March 24 from an upwardly revised 364,000 in the previous week. The latest figure was the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2012
U.S. Mortgage Applications Decline Again With Higher Interest Rates
More of a depressing effect on mortgage loan applications from higher interest rates was evident last week. The index of total mortgage applications fell 2.7% to 663.7 (+36.8% y/y), down for the seventh straight week. Fewer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2012
U.S. Durable Goods Orders Rebound
New orders for durable goods rebounded 2.2% during February following a 3.6% January slump, originally reported as -4.0%. Consensus expectations had been for a 2.7% rise. The increase was roughly consistent with the ISM orders figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2012
U.S. Consumer Confidence Strengthens Y/Y; Inflation Expectations Rise Sharply As Well
The Conference Board's Index of Consumer Confidence fell in March to 70.2 from a revised 71.6, last month reported as 70.8. The latest two figures were the highest since last February and were up nearly three-quarters from the October [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2012
U.S. Gasoline Price Rise Is Relentless
Pump prices for regular gasoline rose another five cents last week to $3.92 per gallon, their highest since last May. Reduced seasonal demand typically fosters lower gasoline prices this time of year, but they haven't followed the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2012
U.S. Case-Shiller Home Price Index Continues Lower
Whatever sign of improvement there may be in the latest home sales figures surely reflects price bargains. The seasonally adjusted Case-Shiller 20-City Home Price Index fell 0.8% in January following an unrevised 1.1% December [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2012
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that February pending sales of single-family homes slipped 0.5 % (+9.2% y/y), continuing its sideways movement since November. The index level of 96.5 (2001=100) nevertheless [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 26 2012
U.S. Chicago Fed Index Deteriorates M/M But Trend Is Positive
The February National Activity Index (CFNAI) from the Chicago Federal Reserve reversed its earlier improvement and returned to negative territory. The index fell to -0.09 from 0.33 in January which was revised higher, as was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2012
U.S. New Home Sales Edge Lower Again But Prices Firm
New home sales slipped last month. Moreover, what's been a sideways trend in new home sales contrasts with the improvement in existing home sales demonstrated in Wednesday's report. Sales of new homes declined 1.6% during February to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2012
FHFA Home Price Index Decline Lessens Y/Y
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) has been roughly unchanged for two consecutive months. The marginal January decline followed a downwardly revised 0.1% December uptick, initially reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2012
U.S. Leading Indicators Post Another Firm Gain
The economic outlook is getting brighter. The Conference Board reported that its Leading Economic Indicator index gained 0.7% during February following a revised 0.2% January rise, last month reported as 0.4%. A 0.6% increase had been [...]
by:Tom Moeller
|in:Economy in Brief
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