Individuals' wherewithal to spend diminished last month, so they didn't. Disposable personal income increased a scant 0.1% (2.3% y/y) as taxes jumped 1.6% (8.7% y/y). Adjusted for prices, disposable income slipped 0.1% m/m (+0.6% [...]
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| Mar 01 2012U.S. Income & Spending Weaken
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2012
U.S. Mortgage Applications Rise Again With Refinancing Surge
The index of total mortgage applications rose 7.5% last week to 810.0 (March 16, 1990 = 100), nearly the highest since late 2010. The rise followed two weeks of moderate decline. Continuing to take advantage of low interest rates, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 29 2012
U.S. GDP Growth Is Revised Up
Economic growth last quarter was slightly higher than originally estimated. The Commerce Department indicated that Q4'11 real GDP grew at a 3.0% annual rate, revised from 2.8%. Expectations had been for an unchanged 2.8% rise. Growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2012
U.S. Consumer Confidence Rebounds
Consumers have been heartened by a firmer job market and low inflation. The Conference Board's Index of Consumer Confidence rebounded during February to 70.8 (seasonally adjusted, 1985=100) and recovered to the highest level in a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2012
U.S. Case-Shiller Home Price Index Falls Again
Year-end and full year 2011 were periods of house price decline. The seasonally adjusted Case-Shiller 20-City Home Price Index dropped 1.1% in December after an unrevised 1.3% decline in November. That pulled prices over the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2012
U.S. Durable Goods Orders Retrace Earlier Gain
New orders for durable goods slumped 4.0% last month after a revised 3.2% December increase, originally reported as 3.0%. Consensus expectations had been for a 1.0% fall. However, the latest decline ran counter to the ISM orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2012
U.S. Gasoline Prices Jump To Record High
If gasoline prices seem high, they are. Seasonally adjusted prices reached a record high last week. Pump prices for regular gasoline increased another thirteen cents last week to $3.72 per gallon and were up forty three cents versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2012
U.S. Pending Home Sales Recover Earlier Decline
The National Association of Realtors (NAR) reported that January pending sales of single-family homes improved 2.0% (8.0% y/y) following a lessened 1.9% December drop. The index level of 97.0 (2001=100) was the highest since April of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2012
NABE Forecasts Moderate Economic Improvement & Low Inflation
The first look at the economic forecast for 2013 by the National Association for Business Economics indicated a modest pickup in growth and pricing power. In 2013, real GDP growth should average 2.8% versus 2.3% expected for this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2012
U.S. Consumer Sentiment Improves
The University of Michigan's Index of Consumer Sentiment rose in February to 75.3 and was improved from the mid-month reading of 72.5. The figure beat expectations for 72.8 and sentiment stands at its highest level in twelve months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2012
U.S. New Home Sales Edge Lower; Recent Months Revised Upward
Sales were bolstered by extremely warm temperatures, but total new home sales slipped 0.9% last month to 321,000 following four months of sizable gain. The figures for 2H'11 were revised up. Sales beat Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2012
FHFA Again Reports Home Price Improvement
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) has risen for two consecutive months as of December. The increases helped lessen the y/y decline to 0.8% from 6.0% earlier in 2011. The greatest y/y [...]
by:Tom Moeller
|in:Economy in Brief
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