The Mortgage Bankers Association reported that overall mortgage applications fell 7.5% last week to the lowest level in a month. For March overall, applications rose 12.6% from the February average. Applications to refinance fell [...]
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| Mar 30 2011
U.S. Mortgage Applications Fall As Interest Rates Rise
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2011
ADP Reports Another Firm Job Increase
In its latest National Employment Report, the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, indicated that the March level of private nonfarm payrolls rose another 201,000 after a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 29 2011
U.S. Consumer Confidence Declines Sharply
Consumers know full-well the implications of the recent jump in petroleum prices; and they aren't good. The Conference Board reported that its March index of consumer confidence fell 11.9% to 63.4 and retraced the 11.1% February rise, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 29 2011
U.S. Case-Shiller Home Price Index Moves To New Low
Home prices continue weak and fell during January to their lowest since mid-2003. During January, the seasonally adjusted Case-Shiller 20-City Home Price Index fell 0.2% after an unrevised 0.4% December drop. It was the seventh [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 29 2011
U.S. Gasoline Prices Reach New High
The pump price for regular gasoline rose four cents last week to $3.60 per gallon to the highest level since September, 2008 and more-than-double the December, 2008 low of $1.61. Typically, pump prices decline this time of year due to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 28 2011
U.S. Pending Home Sales Increase
The National Association of Realtors (NAR) reported that February pending sales of existing single-family homes rose 2.1% and recouped most of the unrevised 2.8% January decline. No change in sales had been the Consensus expectation [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 28 2011
U.S. Personal Spending Growth Improves
Personal consumption expenditures grew 0.7% last month after a 0.3% January gain that was revised up from 0.2%. A 0.5% February increase had been expected. Spending on goods rose 1.5% (7.4% y/y) after a 0.8% January increase. A 6.2% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2011
U.S. Consumer Sentiment Slumps
Consumers are reeling from the rise in oil prices. The March reading of consumer sentiment, from the University of Michigan, declined 12.9% to 67.5 from 77.5 in February. It was the lowest figure since October. A reading of 68.0 had [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 25 2011
U.S. GDP Growth Revised Up and Corporate Profits Rise
Real GDP grew 3.1% (SAAR) last quarter, revised up from the 2.8% reported last month. The revision mostly reflected a lessened subtraction from inventory investment and improved capital spending. The Q4 figure roughly equaled [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2011
U.S. Durable Goods Orders Decline Unexpectedly
The positive trend of new orders for durable goods has reversed. That's the message from the 0.9% decline in February orders following a 3.6% January gain, initially reported as 2.7%. Consensus expectations were for a 1.0% increase. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2011
U.S. Initial Claims For Unemployment Insurance Slip
Initial claims for jobless insurance inched lower to 382,000 last week from 387,000, initially reported as 385,000. The decline matched Consensus expectations according to Action Economics. Claims remained near the lowest since May [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2011
U.S. Mortgage Applications Rise As Interest Rates Fall
The Mortgage Bankers Association reported that overall mortgage applications rose 2.7% last week. So far this month applications have risen 14.3% from the February average. Applications to refinance rose 2.7% but were off roughly one- [...]
by:Tom Moeller
|in:Economy in Brief
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