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 [...]
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 17 2011U.S. Mortgage Applications Jump Again With More Refinancing
by:Tom Moeller
|in:Economy in Brief
Global| Aug 17 2011U.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 2011U.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 2011U.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 2011U.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 2011U.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 2011Empire 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
Global| Aug 12 2011U.S. Retail Sales Gain M/M But Trend Softens
Total retail & food service sales increased 0.5% last month following a 0.3% June increase, revised up from 0.1%. The July increase roughly matched Consensus expectations for a 0.4% rise, according to the Action Economics survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2011FOMC Holds Interest Rates Unchanged; Economic Outlook Deteriorates Notably
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| Aug 09 2011U.S. Chain Store Sales Slip Modestly
Chain store sales slipped 0.5% last week following a 0.3% dip during the week prior. Nevertheless, sales remained up 3.6% y/y. During the last ten years there has been a 66% correlation between the y/y change in chain store sales and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2011Weaker U.S. Demand Leads Energy Prices Lower
Weakened demand helped the pump price for regular gasoline fall four cents last week to $3.67 per gallon. Prices remained down twenty-nine cents since the May peak. Pump prices usually rise this time of year with increased seasonal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2011U.S. Small Business Optimism Falls To Lowest Since September 2010
The National Federation of Independent Business indicated that its index of small business optimism fell to 89.9 last month from an unrevised 90.8 in June. The latest was the lowest level since last September. Deterioration was [...]
by:Tom Moeller
|in:Economy in Brief
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