Total housing starts slumped by 22.5% during February versus January to the lowest level of the economic recovery. The decline to 479,000 starts was from an upwardly revised 618,000, initially reported as 596,000. The latest figure [...]
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 16 2011U.S. Housing Starts Suffer Another Setback
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2011
FOMC Holds Interest Rates Unchanged; Economy Upgraded
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| Mar 15 2011
U.S. Home Builders Association Index Ticks Up
The National Association of Home Builders reported that its March index of housing market activity edged up to 17 from an unrevised 16, where it had been for four consecutive months. The latest figure remained above the all-time low [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2011
Empire State Factory Index Improved
The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions improved further to 17.50 during March, the highest since June of last year. The figure beat Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2011
U.S. Import Prices Strengthen Further
U.S. import prices continue to exhibit broad-based strength. During February, prices jumped another 1.4% after a revised 1.3% January increase, initially reported as 1.5%. The gain was much stronger than Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2011
U.S. Gasoline Prices Rise Further
The pump price for regular gasoline increased last week by another nickel to $3.57 per gallon, again the highest since October-2008 and more-than double the December-2008 low of $1.61. Typically, pump prices decline this time of year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2011
U.S. Inflation And The Rational Consumer
Consumers know a bad deal when they see one. They realize that when prices go up, purchasing power goes down. Data from the University of Michigan, contained in Haver's database, paint a compelling picture. The simple relationship, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2011
JOLTS: U.S. Job Openings Rate Reverses Earlier Improvement
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the January job openings rate slipped to 2.1% from a downwardly revised 2.2% during December. Nevertheless, these levels remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2011
U.S. Consumer Sentiment Slumps As Oil Prices Surge
Consumers don't like it when they lose money. And the rise in oil prices reduces their spending power. The mid-March reading of consumer sentiment, from the University of Michigan, reflected that concern and declined 12.0% to 68.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 11 2011
U.S. Retail Sales Regain Forward Momentum
Total retail and food service sales rose last month by 1.0% following a 0.7% January increase, revised up from 0.3%. Sales have risen for eight consecutive months and the latest increase lifted the y/y increase to 8.9%, the strongest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2011
U.S. Initial Claims For Jobless Insurance Rise
Initial claims for unemployment insurance rose to 397,000 last week from 371,000, initially reported as 368,000. Consensus expectations had been for 380,000 claims according to Action Economics. Despite the increase, claims remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 10 2011
U.S. Trade Deficit Deepens Further Due To Higher Oil Prices
The U.S. foreign trade deficit deepened during January to $46.3B versus a little-revised $40.3B in December. Consensus expectations had been for $41.5B. Economic improvement abroad and the lower value of the dollar helped exports jump [...]
by:Tom Moeller
|in:Economy in Brief
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