The National Association of Realtors reported that the June level of pending sales of existing homes rose 5.3%. That reversed the 4.9% decline during May which was unrevised. The latest increase compared to Consensus expectations for [...]
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 07 2008U.S. Pending Home Sales Unexpectedly Rose
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2008U.S. Unemployment Insurance Claims Rose Further
Initial claims for unemployment insurance rose again last week. The 7,000 increase to 455,000 followed the unrevised 45,000 surge during the week earlier. The latest level was the highest since March of 2002 and it surpassed Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2008U.S. Pending Home Sales Unexpectedly Rose
The National Association of Realtors reported that the June level of pending sales of existing homes rose 5.3%. That reversed the 4.9% decline during May which was unrevised. The latest increase compared to Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 06 2008Mortgage Applications Down By One-third
The total number of mortgage applications ticked up 2.8% last week, but that followed two weeks of sharp decline, according to the Mortgage Bankers Association. As a result, applications in early August were 11.1% below the July [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 06 2008U.S. Mortgage Applications Down By One-third
The total number of mortgage applications ticked up 2.8% last week, but that followed two weeks of sharp decline, according to the Mortgage Bankers Association. As a result, applications in early August were 11.1% below the July [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2008FOMC Left Funds Rate at 2.00% - The Balance of Factors
As expected, the Federal Open Market Committee left the Federal funds rate unchanged today at 2.00%. The action was as widely expected. The discount rate also was left unchanged at 2.25%. The Fed's statement showed the distinct [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2008U.S. Chain Store Sales Held the High Ground
Chain store sales, according to the International Council of Shopping Centers, held onto the strong gain during the prior week. The unchanged level of sales in early-August followed a 1.2% w/w jump at the end of July. It left the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2008U.S. Gasoline Prices Lowest Since Late-May
The pump price for a gallon of regular gasoline fell eight cents last week versus the prior period. At $3.88 per gallon, according to the U.S. Department of Energy survey, the price has now fallen by 23 cents, or 5.6%, from the peak [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2008U.S. ISM Non-Manufacturing Index Ticked Up
The Composite Index for the non-manufacturing sector, from the Institute for Supply Management, ticked up in July to 49.5 from an unrevised 48.2 during June. Nevertheless, the figure remained below the 2Q average of 50.6. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2008FOMC Left Funds Rate at 2.00% - The Balance of Factors
As expected, the Federal Open Market Committee left the Federal funds rate unchanged today at 2.00%. The action was as widely expected. The discount rate also was left unchanged at 2.25%. The Fed's statement showed the distinct [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2008U.S. Factory Inventories Up With Oil Prices
Factory inventories surged 1.0% during June, thanks to the surge in oil prices. The value of inventories at petroleum refineries rose 9.5% (37.2% y/y) in June and the value is up by more than one-half since December as prices have [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2008Challenger Layoffs Near Recent High
Job cut announcements during July recovered their June decline with a 26.4% m/m rise, according to the Challenger, Grey & Christmas survey. The three-month level layoffs rose further, to the highest level since early-2006. A rise in [...]
by:Tom Moeller
|in:Economy in Brief
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