For the second consecutive month, the Philadelphia Federal Reserve Bank's index of regional factory sector improved. The October General Activity index rose to 8.7 from an unrevised -17.5 in September. The figure easily beat Consensus [...]
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 20 2011Philadelphia Fed Business Activity Index Increases Further
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2011
U.S. Leading Indicators Post Another Weak Gain
The Conference Board reported that its Leading Economic Indicators index rose 0.2% during September following an unrevised 0.3% August increase. The gain matched the Consensus forecast. The 1-month diffusion index improved to a still- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2011
U.S. Weekly Initial Claims for Jobless Insurance Fall
Initial claims for jobless insurance fell to 403,000 last week versus 409,000 a week earlier (revised from 404,000). The latest figure compared to 400,000 as expected in the Action Economics survey. The 4-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2011
U.S. Housing Starts Jump Led By Multi-Family Units
A surge in starts of multi-family units was the impetus behind a 15.0% m/m surge in housing starts last month. The level of starts overall was 658,000 (AR), the highest since April of last year. Expectations were for 590,000 units. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2011
U.S. Mortgage Applications Fall Sharply As Interest Rates Drift Up
The index of total mortgage applications fell a sharp 14.9% fast week to 633.1 (March 16, 1990 = 100), the lowest level since early-last month. Nevertheless, applications have risen by more-than-one half since their early-year low. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2011
U.S. CPI Increase Matches Expectations But Y/Y Is Strong
The overall CPI gained an expected 0.3% during September following a 0.4% August rise. The y/y increase of 3.9% was the strongest since September, 2008. Higher food & energy prices bloated the monthly increase; thus the rise in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2011
U.S. Home Builders' Index Jumps
Housing activity firmed in October according to the National Association of Home Builders/Wells Fargo report on housing market activity. The Composite Housing Market Index jumped four points to 18, its highest level since May of last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2011
U.S. Petroleum Prices Move Higher
Last week the pump price for a gallon of regular gasoline increased six cents to $3.48, the highest level since late-September. Nevertheless, prices remained down versus May when they averaged $3.91. Retail prices usually start to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2011
U.S. Producer Prices Show Unexpected Strength
Pricing power is up at the wholesale level. The September producer price index for finished goods jumped 0.8% after an unrevised no-change during August. The figure compared to Consensus expectations for a 0.2% rise, according to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2011
U.S. Budget Deficit Remains Roughly Unchanged During FY 2011
The U.S. Government's budget deficit for all of FY 2011 was $1,298.6B versus $1,294.2B in FY 2010, according to figures released late-Friday by the U.S. Treasury and the Office of Management and Budget. As a percent of GDP the deficit [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2011
U.S. Industry Produces A Bland Recovery
Industrial production rose just 0.2% last month following no change during August, originally reported as +0.1%. The latest increase matched Consensus expectations, according to Action Economics. Factory sector output was somewhat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2011
Empire State Factory Index Remains Under Pressure
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions ticked up to -8.48 in October. Nevertheless it remained roughly where it's been since June. The number was weaker than [...]
by:Tom Moeller
|in:Economy in Brief
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