The National Association of Realtors reported that during August pending sales of existing homes rose 7.4% and reversed the July decline of 2.7% which was revised slightly shallower from the initial report. The August rise compared to [...]
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| Oct 08 2008U.S. Pending Home Sales Improved
by:Tom Moeller
|in:Economy in Brief
At an emergency meeting, the U.S. Federal Open Market Committee lowered the federal funds rate by 50 basis points to 1.5%. The move was an action coordinated with the Central Banks of Europe and Japan. The Fed indicated that "the move [...]
by:Tom Moeller
|in:Economy in Brief
At an emergency meeting, the U.S. Federal Open Market Committee lowered the federal funds rate by 50 basis points to 1.5%. The move was an action coordinated with the Central Banks of Europe and Japan. The Fed indicated that "the move [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2008
U.S. Consumer Credit Usage Decline Unprecedented
During August, consumer credit outstanding dropped as it never has before. The $7.9 billion m/m decline was by far the largest in the series' postwar history. On a percentage basis, credit outstanding did fall a more moderate 0.3%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2008
JOLTS: U.S. Job Openings Fell Further in August
The Bureau of Labor Statistics indicated in its Job Openings & Labor Turnover Survey (JOLTS) report for August that the number of job openings fell 6.1% (-21.2% y/y) from July. The drop followed a 0.1% downtick during July and since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2008
U.S. Chain Store Sales Stable Again
According to the International Council of Shopping Centers, chain store sales inched up 0.1% last week after the prior week's 0.2% dip. The level of sales in early October were 0.9% below the September average which fell 1.9% from [...]
by:Tom Moeller
|in:Economy in Brief
For a gallon of regular gasoline, the retail price fell by a nickel last week to the lowest level since mid-April. According to the U.S. Department of Energy survey, at an average of $3.48 per gallon gasoline prices are down 63 cents [...]
by:Tom Moeller
|in:Economy in Brief
For a gallon of regular gasoline, the retail price fell by a nickel last week to the lowest level since mid-April. According to the U.S. Department of Energy survey, at an average of $3.48 per gallon gasoline prices are down 63 cents [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2008
U.S. Misery Index Highest Since 1991
The so-called misery index is a constructed U.S. business cycle indicator. It adds the year-to-year change in the CPI to the unemployment rate. Thus, for those who are employed it measures the degree to which their incomes are being [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2008
U.S. Misery Index Highest Since 1991
The so-called misery index is a constructed U.S. business cycle indicator. It adds the year-to-year change in the CPI to the unemployment rate. Thus, for those who are employed it measures the degree to which their incomes are being [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2008
U.S. ISM Nonmanufacturing Index Down Slightly Along With Prices
The September Composite Index for the nonmanufacturing sector from the Institute for Supply Management slipped to 50.2 from an unrevised 50.6 during August. The figure about matched Consensus expectations. The nonmanufacturing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2008
Largest Decline in U.S. Payrolls Since Early 2003
Nonfarm payrolls declined 159,000 during September, according to the Bureau of Labor Statistics. The latest decline was the largest during each of the last nine months and it exceeded Consensus expectations for a 105,000. It was [...]
by:Tom Moeller
|in:Economy in Brief
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