The National Association for Business Economics indicated an upward revision to its latest growth forecast. For this year, real GDP growth should average 3.3%, versus 2.6% expected three months ago. For next year, growth is expected [...]
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| Feb 28 2011NABE Says Economic Growth Will Be Higher In 2011
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2011
U.S. Consumer Sentiment Firms Since Mid-Month
Consumers' spirits improved markedly during the last two weeks. The full-month February reading of consumer sentiment from the University of Michigan rose to 77.5 and easily beat expectations for 75.3. The reading also was improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2011
U.S. GDP Growth, Surprisingly, Is Revised Down
Real GDP growth during Q4 was reduced to 2.8% (SAAR) from the advance report of 3.2%. The revision was due to weakened growth in domestic final demand. The GDP figure was well below Consensus expectations for a revision to 3.6%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
Chicago Fed Index Returns To Negative Territory
The Chicago Fed reported that its National Activity Index (CFNAI) fell last month to -0.16 from an upwardly revised 0.18 in December, initially reported at 0.03. The index remained down sharply since its March peak, though it has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
U.S. New Home Sales Decline
Total new home sales in January fell 12.6% to 284,000 and reversed most of the downwardly revised 15.7% December gain. Consensus expectations were for 300,000 sales. Sales have fallen by three-quarters from the all-time record [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
U.S. Initial Claims For Jobless Insurance Reverse Earlier Increase
The downtrend in unemployment appears intact. Initial claims for unemployment insurance fell to 391,000 last week and reversed most of the prior week's increase to 413,000. The earlier week's figure was revised up slightly from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
U.S. Durable Goods Orders Surge Due To Aircraft
Volatility is the keyword for recent bookings in most categories of the durable goods factory sector, but the trend remains positive. Stronger orders for aircraft & parts were behind the advance report of a 2.7% jump in January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2011
U.S. Existing Home Sales Jump; Prices Near 10-Year Low
For the fifth month in the last six, the National Association of Realtors reported a rise in existing home sales. Despite severe winter storms, the January gain of 2.7% to 5.560M from a revised 5.220M in December was to the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2011
U.S. Mortgage Applications Rebound With Dip In Interest Rates
The Mortgage Bankers Association reported that overall mortgage applications rebounded 13.2% last week and recovered most of the prior two weeks' decline. Nevertheless, applications remained near the lowest level since 2008. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2011
U.S. Crude Oil Costs Spike: "It's the Libyans"
That was the cry in the 1985 hit movie "Back to the Future." Today, it's no joke. Now the risk that political turmoil in the country will involve others in the region has oil markets concerned about supply. As a result, crude oil [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 22 2011
U.S. Consumer Confidence Increases To Highest Since 2008
Consumers must like the combination of low price inflation, low interest rates and an improved job market. The Conference Board reported that the February index of consumer confidence rose 8.6% to 70.4 from an upwardly revised 64.8 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 22 2011
U.S. Case-Shiller Home Price Index Gives Back Earlier Gains
During the last several months, home prices resumed the decline that was the norm during the prior three years. Since the April 2006 peak, prices have fallen 31.2%. For December, the seasonally adjusted Case-Shiller 20-City Home Price [...]
by:Tom Moeller
|in:Economy in Brief
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