Consumers seem willing to spend even though we've seen a souring in sentiment and confidence. Chain store sales rose 0.6% last week after the prior period's 1.4% jump. Together, these increases pulled sales for the month 1.9% above [...]
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| Jul 27 2010U.S. Weekly Chain Store Sales Continue Higher
by:Tom Moeller
|in:Economy in Brief
Global| Jul 27 2010U.S. Gasoline & Crude Oil Prices Are Higher
The pump price for regular gasoline moved three cents higher last week to $2.75 per gallon. That remained down after an upturn through early-May to $2.90. Pulled higher by firm demand, prices have risen from the late-2009 level of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 27 2010Case-Shiller Home Price Index Ticks Higher
Modest improvement in home prices again was apparent during May. Too much should not be made of it, however, since "improvement" means stability after earlier declines. Seasonally adjusted, the Case-Shiller Home Price Index inched up [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2010U.S. New Home Sales Nudge Higher From Their Record Low
Any real improvement in housing has yet to show itself. The Census Department indicated that new home sales last month rose 23.6% from May to 330,000. However, the rise followed a sharper May decline following the end to the Federal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 26 2010U.S. Economic Momentum Lost: Chicago Fed Index Reverses Seven Months Of Improvement
Economic activity began this summer on a sour note. The June National Activity Index (CFNAI), reported by the Chicago Fed, fell to -0.63 which was the lowest level since last October. Moreover, prior months' improvement was hardly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 22 2010U.S. Existing Home Sales Are Down Again
Sales of existing homes continued to suffer with the expiration of a Federal home-buyer tax credit. Existing home sales fell 5.1% to 5.370M last month after a smaller 2.2% May decline, according to the National Association of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 22 2010U.S. Leading Economic Indicators Fall
For the second month in the last three, the Conference Board reported that their Index of Leading Economic Indicators fell. During June, the index slipped 0.2% following a revised 0.5% May gain, initially reported at 0.4%, and a 0.1% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 22 2010U.S. Weekly Initial Claims for Jobless Insurance Jump
An earlier sign of job market improvement was fleeting. That's the message from the report that initial claims for jobless insurance jumped to 464,000 and more-than-reversed the prior week's decline. The earlier week's figure was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 21 2010U.S. CASH Index Lowest Since February
The CASH Index is produced by the RBC Financial Group. It stands for Consumer Attitudes & Spending By Households and the overall series moves much like the University of Michigan's Index of Consumer Sentiment, but its components [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 21 2010U.S. Mortgage Applications Continue To Surge With Refinancings
Lower interest rates continued to spur mortgage applications last week, according to the Mortgage Bankers Association. Overall, mortgage applications jumped another 7.6% last week. That raised applications 15.2% from June and 42.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 21 2010U.S. Weekly Chain Store Sales Recoup Earlier Decline -- Month Looks Firm
The consumer continues ready to spend. Chain store sales thus rose 1.4% last week and recovered virtually all of the prior week's decline. As a result, July sales so far in the month are 1.6% above June's average after that month's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 20 2010U.S. Gasoline & Crude Oil Prices Meander Sideways
The pump price for regular gasoline held steady last week at $2.72 per gallon, about where it's been since late-May. That price is down, however, after an upturn through early-May to $2.90. Pulled higher by firm demand, prices have [...]
by:Tom Moeller
|in:Economy in Brief
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