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- [...]
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 23 2011
U.S. Mortgage Applications Rise As Interest Rates Fall
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2011
U.S. Mass Layoffs Decline
The overall U.S. employment picture has improved as mass layoffs continue to decline. The Labor Department indicated that layoffs last month of 50 or more persons from a single firm fell 13.4% from February, 2010. Though the rate of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2011
U.S. Chain Store Sales Slip
Sales at chain stores have been roughly unchanged during the last two weeks following the 2.3% jump during the first week of March. Sales for the month so far sales are 2.9% above the February average. During the last ten years there [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2011
U.S. Gasoline Prices Slip From High
The pump price for regular gasoline slipped one penny last week to $3.56 per gallon. Nevertheless prices remained near the highest since October, 2008 and more-than-double the December, 2008 low of $1.61. Typically, pump prices [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2011
U.S. Existing Home Sales Fall And Prices At Ten-Year Low
The National Association of Realtors reported that sales of existing homes fell during February to 4.880M (AR), from a revised January reading of 5.400M, initially reported at 5.560M. The last was well short of Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 21 2011
Chicago Fed Index Is Negative Due To Consumption & Housing
The Chicago Fed reported that its National Activity Index (CFNAI) remained negative last month at -0.04 versus an upwardly revised -0.01 in January, initially reported at -0.16. The index was down sharply since its March '10 peak, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 18 2011
U.S. Consumers Like To Play
When income is tight, consumers spend less. When they look for what to cut back on, hardest hit are automobiles, electronics and furniture. And when incomes improve, these items bounce back strongly. That's the message from the table [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 17 2011
Philadelphia Fed Business Activity Index Jumps
More strength is evident in the Philadelphia Federal Reserve Bank's index of regional factory sector activity. The figure rose to 43.4 from an unrevised 35.9 in February. It was the highest level since January 1984 (no typo). It beat [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 17 2011
U.S. Industrial Production Slips With Less Utility Output But Factory Output Increases
U.S. industrial production slipped 0.1% in February after an upwardly revised 0.3% January increase, initially reported as -0.1%. The latest decline disappointed Consensus expectations for a 0.6% gain according to Action Economics. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 17 2011
U.S. Initial Claims For Unemployment Insurance Pull Back
Initial claims for unemployment insurance fell to 385,000 last week from 401,000, initially reported as 397,000. The decline roughly matched Consensus expectations according to Action Economics. Claims remained near the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 17 2011
U.S. CPI Firms Again
Broad-based improvement in pricing power continued last month. The Consumer Price Index rose 0.5% in February following 0.4% gains during the prior two months. The rise beat Consensus expectations for a 0.4% increase. The y/y gain of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 16 2011
U.S. Furniture Buying Continues Strong
Consumers want to buy more furniture. That's the message indicated by the Furniture Buying Index which rose to 75 in March, up 12.0% y/y. During the last twelve years, the index has a 69% correlation with the change in real personal [...]
by:Tom Moeller
|in:Economy in Brief
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