The Mortgage Bankers Association reported that a 0.9% w/w downtick in mortgage applications after a $16.5B plunge lowered them to the lowest since June. Last week's total decline reflected a 1.4% w/w drop in applications to refinance [...]
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| Dec 08 2010Mortgage Applications For Refinancing Plummet As Rates Rise
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2010
U.S. Consumer Credit Usage Rebounds Again
The consumer has started borrowing again but credit cards remain stashed away. The Federal Reserve indicated that consumer credit outstanding rose $3.3B during October after a downwardly revised $1.3B September increase. The gains [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2010
JOLTS: U.S. Job Openings Rate Improves But Hires Are Stable
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the October job openings rate improved to 2.5% from an upwardly revised 2.3% during September. These levels remained improved versus the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2010
U.S. Gasoline Prices Jump With Crude Costs
The pump price for regular gasoline jumped ten cents last week to $2.96 per gallon. Prices have risen roughly fifty cents per gallon since the middle of last year and have surged from the December-2008 low of $1.61. Yesterday the spot [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2010
U.S. Hiring Improves Indicates Manpower Inc. Survey
The latest Manpower Inc. Survey suggested that recent improvement in the U.S. labor market will pick up next quarter. For Q1 2011, the level of the seasonally adjusted diffusion index rose to 9 following a reading of 5 in Q4. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2010
U.S. Interest Rates Begin To Nudge Higher
Tentative indications of improvement in U.S. economic activity began recently to lift interest rates. Short-term rates have risen slightly as investors' fear near-term action by the Federal Reserve. Amongst the economic indications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2010
U.S. Payroll Increase Is Disappointing While Jobless Rate Increases
Recent labor market improvement backpedaled last month. Nonfarm payrolls rose just 39,000 after an upwardly revised 172,000 October increase. The rise disappointed Consensus forecasts for a 142,000 gain. Also disappointing was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2010
U.S. ISM Nonmanufacturing Index Improves Further
For the third consecutive month the U.S. service sector improved. The November Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 55.0 from 54.3 in October. The latest beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2010
U.S. Payroll Increase Is Disappointing While Jobless Rate Increases
Recent labor market improvement backpedaled last month. Nonfarm payrolls rose just 39,000 after an upwardly revised 172,000 October increase. The rise disappointed Consensus forecasts for a 142,000 gain. Also disappointing was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2010
U.S. Pending Home Sales Surge With Improved Affordability
The National Association of Realtors (NAR) reported that October pending sales of existing single-family homes jumped 10.4% m/m. The gain reversed the unrevised September decline and brought sales to the highest level since April, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2010
U.S. Vehicle Sales Stay Flat At Improved Level
Unit sales of light vehicles remained unchanged last month versus October at 12.26M units (SAAR). Sales were stronger than expectations for 12.0M. (Seasonal adjustment of these figures is provided by the U.S. Bureau of Economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2010
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased last week to 436,000 from 410,000 during the prior period (revised from 407,000). Despite the gain, the trend level continued downward as the four-week moving average fell to [...]
by:Tom Moeller
|in:Economy in Brief
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