The Conference Board reported that its Leading Economic Indicators Index unexpectedly declined 0.3% in April after an upwardly revised 0.7% March increase, originally reported at 0.4%. Consensus expectations were for a 0.1% uptick [...]
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| May 20 2011U.S. Leading Economic Indicators Decline Unexpectedly
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
Philadelphia Fed Business Activity Index Declines Sharply
The Philadelphia Federal Reserve Bank's index of regional factory sector activity dropped sharply in May to 3.9 from an unrevised 18.5 in April. It was the lowest since October and was well short of Consensus expectations for 20.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
U.S. Existing Home Sales Slip
The National Association of Realtors reported that sales of existing homes during April slipped to 5.050M (AR) from a March level of 5.090M, revised from 5.100M. The last was slightly higher than Consensus expectations for 5.20M sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
U.S. Initial Jobless Insurance Claims Fall To 4-Week Low
Initial claims for jobless insurance fell sharply last week to 409,000 from 438,000 during the week earlier, revised from 434,000. The latest figure was lower than Consensus expectations for 420,000 claims and was the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2011
U.S.-- The Jobless Rate Is High And Labor Force Participation Is Low
The current unemployment rate of 9.0% is down from its October, 2009 peak of 10.1%. The decline occurred due to negligible 0.9% growth in employment during that period. The economic recovery has been slow. Further impetus for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2011
U.S. Gasoline Prices Slip As Crude Oil Falls
Last week, the pump price for regular gasoline slipped back to $3.96 per gallon but remained near the highest level since July, 2008. Typically, however, pump prices start rising this time of year in anticipation of increased seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2011
U.S. Industrial Activity Disappoints While Factory Sector Activity Falls
Overall, U.S. industrial production was unchanged during April after a revised 0.8% March jump, initially reported as 0.9%. The latest figure was weaker than Consensus expectations for a 0.4% gain according to Action Economics. More [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 17 2011
U.S. Housing Starts Decline Unexpectedly
There's still no forward momentum behind housing sector activity. Housing starts fell 10.6% to 523,000 units last month after a revised 12.9% March gain to 585,000, initially reported as 549,000. The latest figure was the lowest in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2011
NABE Revises Growth Forecast Down Slightly
The National Association for Business Economics reported a downward revision to its latest growth forecast. For this year, real GDP growth should average 2.8%, versus 3.3% expected three months ago. For next year, growth is expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2011
U.S. Home Builders Association Index Remains Flat
The National Association of Home Builders reported that its May index of housing market activity held steady at 16 versus an unrevised 16 in April. Though the latest figure remained above the all-time low of 8 reached in January of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 16 2011
Empire State Factory Index Reverses Course
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions fell to 11.88 and reversed all of the gains this year. The figure ran counter to Consensus expectations for a higher [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2011
U.S. Consumer Sentiment Gains
Consumers may be getting used to what is an uncertain economic environment. The mid-May reading of consumer sentiment, from the University of Michigan, rose 3.7% to 72.4. It was the highest figure since March. A reading of 70.0 had [...]
by:Tom Moeller
|in:Economy in Brief
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