By itself, a 0.3% gain in July durable goods orders might be an encouraging sign from the Commerce Department for factory sector growth. But several aspects of the report paint a dimmer picture of the U.S. manufacturing sector. 1) The [...]
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| Aug 25 2010U.S. Durable Goods Order Weakness Portends Easing Of Factory Sector Growth
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2010U.S. Chain Store Sales Stabilize After Three-Week Decline
Consumers showed less spending restraint last week after a pullback from July's largess. Weekly chain store sales nudged up 0.2% but that still left sales off 1.4% from the July high. So far this month, sales are down 0.5% from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2010U.S. Gasoline & Crude Oil Prices Move Lower
As recent news of a softening U.S. economy emerged it helped pull energy prices lower. The pump price for regular gasoline moved four cents lower last week to $2.70 per gallon after a like decline the week earlier. Prices remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2010U.S. Existing Home Sales Collapse In Wake Of Tax Credit Expiration
Sales of existing homes showed the full effect last month of the expiration of the Federal home-buyer tax credit. July sales of existing homes collapsed 27.2% to 3.83M following modest declines during the prior two months, according [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2010U.S. Services Jobs Show Renewed Weakness Following Earlier Moderate Gains
Earlier improvement in service-sector hiring ran out of gas during the last few months. If it weren't so widespread, the slowdown wouldn't be too noteworthy. But the fact that it's reached into sectors which normally are resistant to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2010Chicago Fed Index Shows Improvement, But It's Not Much
By returning to a level of zero, the July National Activity Index (CFNAI), reported by the Chicago Fed, recovered most of its June decline. However, lest the rise to 0.00 spark too much excitement about economic growth, the three- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 13 2010U.S. Consumer Sentiment Improves Just Slightly This Month
Consumers recovered slightly this month from their gloomy state during July, but not by much. The mid-month August reading of consumer sentiment, as measured by the University of Michigan, recovered a quarter of the July drop with an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 13 2010U.S. Retail Spending Increases With Autos & Gasoline
As spending on motor vehicles changes, so too does spending on gasoline. That probably overstates the case, but last month an expected 0.4% increase in total retail sales was driven by a 1.6% increase in motor vehicles and a 2.3% gain [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 13 2010U.S. CPI Remains Tame With Across-the-Board Weakness
Not-with-standing a moderate blip in energy prices, consumer price inflation remained under control last month. The July Consumer Price Index increased 0.3% (1.3% y/y) following three consecutive months of slight decline. During the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 12 2010U.S. Import Price Gain Is Modest
With a 0.2% July increase, U.S. import prices recovered just a piece of the prior two months' sharp decline. Moreover, the y/y gain fell to its least since November while May's 0.8% m/m drop was deepened from 0.5%. July's increase was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 12 2010U.S. Initial Claims for Unemployment Insurance Are Highest Since February
The bad news about the labor market continued today. The Labor Department's report that initial claims for jobless insurance rose to 484,000 last week from an upwardly revised 482,000 brought them to the highest level since February. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 11 2010Commodity Prices Firm After An Earlier Easing
Last week, Haver's Louise Curley focused on the sustained strength in wheat prices (+45.6% y/y). The broader product trend shows that most industrial commodity prices recently have either recovered or stabilized after earlier [...]
by:Tom Moeller
|in:Economy in Brief
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