The seasonally adjusted Case-Shiller 20-City Home Price Index slipped 0.1% m/m in April after a deepened 0.3% decline in March. It was the tenth consecutive monthly decline in the seasonally adjusted series. That left the latest index [...]
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| Jun 28 2011U.S. Case-Shiller Home Price Index Steadies
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2011
U.S. Gas & Oil Prices Are Lower Still
The pump price for regular gasoline fell another eight cents to $3.57 per gallon last week, the lowest level since mid-March. Since last month's peak, prices have fallen 39 cents but remain up nearly one-third versus last year. Pump [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2011
U.S. Income Gain Is Moderate & Spending Is Flat
Personal income rose 0.3% last month following a 0.3% increase during April, initially reported as 0.4%. A 0.4% gain had been expected. Disposable income gained 0.2%, the same as in April. Adjusted for prices, however, growth was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2011
U.S. GDP Growth Little-Revised And Weak
In its "final" estimate of economic growth last quarter, the Commerce Department still didn't find much that was materially different from its "advance" reading. Real GDP grew 1.9% (SAAR), the weakest growth since Q2'10. The Q1 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2011
U.S. Durable Goods Orders Rebound
New orders for durable goods improved 1.9% last month following an April decline of 2.7%, initially reported as -3.6%. The latest increase matched Consensus expectations. Transportation sector orders rebounded 5.8% (14.7% y/y) as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2011
U.S. New Home Sales Slip
Total new home sales in May slipped 2.1% m/m to 319,000 (AR) from a little-revised 326,000 in April. The latest figure beat expectations for 310,000 sales according to Action Economics. The figure is consistent with others suggesting [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2011
Chicago Fed Index Remains Negative
As soft as economic growth was in Q1, this quarter looks no better. The Chicago Fed reported that its National Activity Index (CFNAI) remained negative at -0.37 in May following a little-revised -0.56 in April. The three-month moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2011
U.S. Initial Unemployment Insurance Claims Reverse Earlier Decline
Initial claims for jobless insurance increased to 429,000 during the June 18th week from 420,000 during the week prior, initially reported as 414,000. The latest compared to Consensus expectations for 415,000 claims. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 22 2011
FOMC Holds Interest Rates Unchanged; Outlook Deteriorates
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| Jun 22 2011
U.S. Mass Layoffs Pick Up Somewhat
In a reversal of the recent trend, mass layoffs in the U.S. rose during May and April. The Labor Department reported this morning that layoffs last month of 50 or more persons from a single firm rose 2.2% in May from April after that [...]
by:Tom Moeller
|in:Economy in Brief
Overall mortgage applications fell 5.9% last week. However, since the decline followed a 13.0% increase during the week prior, applications for the month so far have risen 5.3% from May. Applications to refinance a mortgage led that [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 21 2011
U.S. Existing Home Sales Fall Further
The National Association of Realtors reported that forward momentum in the housing market has disappeared. Sales of existing homes during May fell 3.8% to 4.810M from 5.000M in April, revised from 5.050M. The decline followed a 1.8% [...]
by:Tom Moeller
|in:Economy in Brief
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