The Mortgage Bankers Association reported that overall mortgage applications increased another 1.1% last week following several months of strong gain. Applications to refinance a mortgage ticked up 0.9% w/w to the highest level since [...]
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| May 25 2011U.S. Mortgage Applications Remain High With Lower Rates
by:Tom Moeller
|in:Economy in Brief
- Global| May 25 2011
U.S. Durable Goods Orders Collapse Due To Aircraft & Autos
The transportation sector caused huge volatility in durable manufacturing last month. New orders for durable goods fell 3.6% and reversed virtually all of the 4.4% March gain. Past figures were revised as part of the benchmark changes [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2011
U.S. Chain Store Sales Retreat
The consumer may have grown tired of spending this month. After strong sales gains in March & April, chain store sales fell 1.0% last week after a 2.0% drop during the week prior. The declines pulled the month-to-date average 1.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2011
U.S. New Home Sales Are Highest This Year
Total new home sales in April rose 7.3% m/m to 323,000 (AR). The latest figure slightly beat expectations for 303,000 sales according to Action Economics. Despite the latest rise, new home sales still have fallen by three-quarters [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 24 2011
U.S. Gasoline And Crude Oil Prices Fall Further
Weakening demand is affecting prices in the energy market. Last week, the pump price for regular gasoline fell to $3.85 per gallon though it remained up roughly one-third y/y. Moreover, pump prices usually start rising this time of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2011
Chicago Fed Index Provides Further Evidence of Momentum Lost
The list of indicators suggesting that the economy's forward momentum has waned continues to lengthen. The Chicago Fed reported that its National Activity Index (CFNAI) retraced its earlier improvement and fell to -0.45 in April from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2011
Commodity Prices Are Down, But Not Out
Earlier strength in commodity prices recently has given way to modest decline. Gold prices fell yesterday to $1,493 per ounce versus the high two weeks ago of $1,540. Crude oil prices were near the recent low at $98.44 per barrel [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2011
U.S. Leading Economic Indicators Decline Unexpectedly
The Conference Board reported that its Leading Economic Indicators Index unexpectedly declined 0.3% in April after an upwardly revised 0.7% March increase, originally reported at 0.4%. Consensus expectations were for a 0.1% uptick [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
Philadelphia Fed Business Activity Index Declines Sharply
The Philadelphia Federal Reserve Bank's index of regional factory sector activity dropped sharply in May to 3.9 from an unrevised 18.5 in April. It was the lowest since October and was well short of Consensus expectations for 20.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
U.S. Existing Home Sales Slip
The National Association of Realtors reported that sales of existing homes during April slipped to 5.050M (AR) from a March level of 5.090M, revised from 5.100M. The last was slightly higher than Consensus expectations for 5.20M sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2011
U.S. Initial Jobless Insurance Claims Fall To 4-Week Low
Initial claims for jobless insurance fell sharply last week to 409,000 from 438,000 during the week earlier, revised from 434,000. The latest figure was lower than Consensus expectations for 420,000 claims and was the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2011
U.S.-- The Jobless Rate Is High And Labor Force Participation Is Low
The current unemployment rate of 9.0% is down from its October, 2009 peak of 10.1%. The decline occurred due to negligible 0.9% growth in employment during that period. The economic recovery has been slow. Further impetus for the [...]
by:Tom Moeller
|in:Economy in Brief
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