Personal income rose 0.5% during March following a 0.4% February increase, initially reported as 0.3%. A 0.4% gain had been expected. Disposable personal income gained 0.6%. Like last month, the increase in income was paced by a [...]
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| Apr 29 2011
U.S. Personal Income Gains But Spending Slows
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2011
U.S. Pending Home Sales Improve
The National Association of Realtors (NAR) reported that March pending sales of existing single-family homes rose 5.1% and added to the downwardly revised 0.7% February uptick. The m/m increase occurred across the country, again with [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2011
U.S. Initial Unemployment Insurance Claims Jump
Initial claims for jobless insurance rose last week to 429,000 from 404,000, initially reported as 403,000. The latest figure exceeded Consensus expectations for 392,000 claims and was the highest since the third week of January. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2011
U.S. GDP Growth Slows
Real GDP grew 1.8% (SAAR) last quarter, the weakest growth since Q2'10. The Q1 figure roughly equaled Consensus expectations for 1.9% growth. Weakness in last quarter's GDP components was widespread. Slower growth in personal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2011
FOMC Holds Interest Rates Unchanged
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| Apr 27 2011
U.S. Mortgage Applications and Interest Rates Retreat
The Mortgage Bankers Association reported that overall mortgage applications fell 5.6% last week and reversed the prior week's gain. The latest was the lowest level since early-February. Applications to purchase a home fell 13.6% w/w. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2011
U.S. Durable Goods Orders Strengthen Broadly
New orders for durable goods jumped 2.5% last month after a 0.7% February gain, revised up from -0.9% reported initially. Consensus expectations were for a 1.5% increase. Another jump in transportation sector orders fueled last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2011
U.S. Consumer Confidence Recovers
After the shock from last month's spike in gasoline prices, consumers gathered their senses. For April, the Conference Board reported that its index of consumer confidence rose to 65.4, up 2.5% from March following that month's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2011
U.S. Case-Shiller Home Price Index Moves To New Low
Home prices continue weak and fell during February to their lowest since mid-2003. The seasonally adjusted Case-Shiller 20-City Home Price Index fell 0.2% after a revised 0.3% January drop, initially reported as down 0.2%. It was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 26 2011
U.S. Gasoline Prices Rise While Crude Oil Jumps
Last week, the pump price for regular gasoline rose further to $3.88 per gallon, the highest level since August, 2008. The gain was off a low that same year of $1.61. Typically, pump prices decline this time of year due to lessened [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 25 2011
U.S. Mass Layoffs Are Lowest Since 2007
The improved U.S. employment picture continues to reflect the decline in mass layoffs. The Labor Department reported Friday that layoffs last month of 50 or more persons from a single firm fell 21.3% from March, 2010. Perhaps as [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 25 2011
U.S. New Home Sales Post A Limp Rebound
The housing market continues to generate only modest forward momentum. Consistent with last week's report of higher sales of existing single-family homes, total new home sales in March rose 25.9% to 300,000 (AR). That, however, just [...]
by:Tom Moeller
|in:Economy in Brief
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