Economic growth slipped back onto the slow track last quarter with a disappointing 2.2% advance. The rise followed an unrevised 3.0% Q4 gain and was below Consensus estimates of a 2.5% rise. The highest expected gain was 3.0%. Despite [...]
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| Apr 27 2012U.S. GDP Growth Is Disappointing
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2012
U.S. Pending Home Sales Jump
The National Association of Realtors (NAR) reported that pending sales of single-family homes during March jumped 4.1% (12.8% y/y) following an upwardly revised 0.4% February uptick. The index level of 101.4 (2001=100) was the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2012
U.S. Chicago Fed Index Turns Negative
The National Activity Index (CFNAI) for March from the Chicago Federal Reserve fell to -0.29 from an upwardly revised 0.07 in February, earlier reported as -0.09. The three-month moving average reversed course last month and fell to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2012
U.S. Initial Claims for Jobless Insurance Remain Near Earlier High
Initial unemployment insurance claims slipped 1,000 in the week ended April 21 to 388,000 from an upwardly revised 389,000 during the prior week, earlier reported as 386,000. The four-week moving average of initial claims rose to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
FOMC Sustains Level of Monetary Accommodation
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
U.S. Mortgage Applications Decline
The Mortgage Bankers Association reported that its index of total mortgage applications fell 3.8% w/w to 697.7 (+58.1% y/y). Applications to refinance led the decline with a 5.6% drop (+89.2% y/y) and reversed half of the prior week's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
U.S. Durable Goods Orders Dragged Lower By Aircraft
New orders for durable goods fell 4.2% last month following a little-revised 1.9% February increase. Consensus expectations had been for a 0.6% decline. Lower orders for transportation equipment led last month's decline with a 12.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2012
U.S. Energy Prices Fall With Lower Demand
The pump price for a gallon of regular gasoline fell a nickel last week to $3.87. Nevertheless, the current level remained up sixty four cents (20%) since year-end. Haver Analytics' seasonally-adjusted price for regular fell eight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2012
U.S. Consumer Confidence Declines Slightly
The Conference Board's Index of Consumer Confidence during April slipped to 69.2 from 69.5 last month, initially reported as 70.2. Nevertheless, the latest two figures were the highest since February 2011 and were up nearly three- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2012
U.S. New Home Sales And Prices Decline
New home sales fell 7.1% to 328,000 last month. The decline reversed a revised 7.3% February increase, revised from -1.6%. Earlier months' figures also were revised higher. The latest sales beat Consensus expectations for 318,000 but [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2012
State Unemployment Rates Show Great Variation & Improvement
Throughout the United States, the unemployment rate has fallen to some degree from its recession high. In some states, such as New York or Louisiana, improvement has been minimal. In others, as in South Carolina or Florida, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2012
U.S. Existing Home Sales Fall
Sales of existing homes fell 2.6% last month to a 4.480 annual rate (+5.2% y/y) from a revised 4.600M during February, last month reported as 4.590M. Despite the decline, sales remained near the highest since May 2010. Sales of [...]
by:Tom Moeller
|in:Economy in Brief
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