The economic recession continued to damp growth in wages last month, but "automatic stabilizers" kicked in to pick the slack. The result was a 1.4% jump in May personal income which was the largest monthly increase in a year. The rise [...]
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| Jun 26 2009U.S. Personal Income Surge Lifts Savings Rate To Its Highest Since 1993
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2009
U.S. Personal Income Surge Lifts Savings Rate To Its Highest Since 1993
The economic recession continued to damp growth in wages last month, but "automatic stabilizers" kicked in to pick the slack. The result was a 1.4% jump in May personal income which was the largest monthly increase in a year. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2009
U.S. Initial Jobless Insurance Claims Edge Up To Highest in Four Weeks
Earlier improvement in the labor market improvement stalled in June. Initial claims for unemployment insurance edged up last week by 15,000 to 627,000, their highest level since May. The latest increase followed a modest 7,000 rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2009
Decline in U.S. 1Q GDP Is Trimmed
The Commerce Department indicated that the second and "final" estimate of 1Q '09 real GDP was -5.5% (AR), little different from the "preliminary" estimate released last month. The large drop, however, came on the heels of the 6.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2009
Decline in U.S. 1Q GDP IsTrimmed
The Commerce Department indicated that the second and "final" estimate of 1Q '09 real GDP was -5.5% (AR), little different from the "preliminary" estimate released last month. The large drop, however, came on the heels of the 6.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2009
FOMC Leaves Rates Unchanged; Cites Slower Economic Contraction & Subsiding Threat From Low Pricing Power
In an anticipated move, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The discount also was left unchanged at 0.50%. The Fed funds rate remained the lowest ever. The decision [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2009
U.S. New Home Sales Stay Low As Prices Firm
Sales of new single-family homes during May continued the sideways movement of 2009. Sales were stable with April at 342,000 units (AR) and have shown little month-to-month change this year. That stability, however, follows a one- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2009
U.S. Durable Goods Orders Surprisingly Strong For A Second Month
The factory sector is showing some life recently and may be emerging from the moribund state of the last year. The May report of durable goods orders indicated a 1.8% jump following a little-revised 1.8% April gain. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2009
U.S. Durable Goods OrdersSurprisingly Strong For A Second Month
The factory sector is showing some life recently and may be emerging from the moribund state of the last year. The May report of durable goods orders indicated a 1.8% jump following a little-revised 1.8% April gain. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2009
U.S. Existing Home Sales And Prices Rise
The National Association of Realtors reported that sales of existing homes rose 3.6% from May to the highest level since last October. Recent sales have been helped by a tax credit for first-time home buyers. The latest increase to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2009
U.S. Mortgage Applications Collapse As Higher Rates Stymie Refinancing
The latest data from the Mortgage Bankers Association strongly suggest that the refinancing boom has reached an end. Overall, mortgage applications dropped sharply last week to the lowest level since last November. The moderate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 23 2009
Gasoline Prices Off Sharply With Weaker Economic News
Tentative signs of recovery in the U.S. economy have recently become more vague. The immediate effect of this backpedaling is evident in energy markets where the cash market price for a gallon of regular gasoline is down roughly [...]
by:Tom Moeller
|in:Economy in Brief
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