Personal income matched expectations and rose 0.3% last month following a revised 0.2% June increase, initially reported as 0.1%. Disposable income also rose a slightly improved 0.3%. These gains, however, were eroded by a faster [...]
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| Aug 29 2011U.S. Personal Income & Spending Improve With Higher Prices
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2011
U.S. Existing Home Sales Remain Depressed
The National Association of Realtors reported that sales of existing homes during July fell 3.5% to 4.670M (21.0% y/y) from a revised 4.840 in June. The y/y comparison is positive because of last year's decline after the ending of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
Philadelphia Fed Business Activity Index Crashes Along With Outlook
The Philadelphia Federal Reserve Bank's index of regional factory sector plunged this month. Today's Philadelphia Fed General Activity index dropped to -30.7 from an unrevised 3.2 in July. The figure was well short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
U.S. Initial Claims For Jobless Insurance Are Range-bound Near 400,000
Initial unemployment insurance claims have been waffling between 375,000 and 432,000 since February. Last week, they ticked up w/w to 408,000 from an upwardly revised 399,000 during the prior period. The figure surpassed expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
U.S. CPI Gain Is Surprisingly Strong; Core Increase Eases
Price inflation accelerated last month, but its makeup was somewhat mixed. The overall CPI gained 0.5% following June's 0.2% decline. A 0.2% increase was expected. Despite the July strength, the three-month gain in prices eased to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2011
U.S. Mortgage Applications Jump Again With More Refinancing
The total index of mortgage applications rose another 4.1% last week to 716.4 (March 16, 1990 = 100). Again, the gain was in applications to refinance which rose 8.0% after the prior week's near one-third jump. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2011
U.S. Producer Prices Rise; Core Prices Strengthen
The U.S. producer price index for finished goods increased 0.2% last month after a 0.4% June decline. The figure compared to Consensus expectations for no change. The change in energy and food prices offset one another. However, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2011
U.S. Industrial Production Lifted By Autos & Utilities
U.S. industrial production rose 0.9% last month following a 0.4% June gain, revised from 0.2%. The latest increase beat Consensus expectations for a 0.4% increase according to Action Economics. Factory sector output gained 0.7% as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2011
U.S. Import Prices Unexpectedly Recover
Overall U.S. import prices nudged up 0.3% last month following a little-revised 0.6% June decline. Consensus expectations had been for a 0.1% slip. Year-to-year, the lower value of the U.S. dollar as well higher oil prices have raised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2011
U.S. Housing Starts Remain Under Intense Pressure
Slack demand and earlier overbuilding continue to pressure new home construction. Housing starts fell 1.5% last month to 604,000 (AR) after a downwardly revised 10.8% June gain, initially reported as 14.6%. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2011
U.S. Home Builders Report Sales Stuck in the Doldrums
The National Association of Home Builders reported that its August index of housing market activity held m/m at 15. Though the latest figure remained above the all-time low of 8 reached in January of 2009, it was at the low end of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 15 2011
Empire State Factory Index Remains Negative
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions fell to -7.72 in August and reversed last month's improvement. The number was weaker than Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
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