Nominal personal income surged 1.9% during May as the government's tax rebate checks began to be mailed out. The gain by far exceeded Consensus expectations for a 0.4% increase, although excluding rebates income rose just 0.4%. [...]
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 27 2008U.S. Income Surged Due to Stimulus Payment
by:Tom Moeller
|in:Economy in Brief
Global| Jun 27 2008U.S. Income Surged Due to Stimulus Payment
Nominal personal income surged 1.9% during May as the government's tax rebate checks began to be mailed out. The gain by far exceeded Consensus expectations for a 0.4% increase, although excluding rebates income rose just 0.4%. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 26 2008U.S. Initial Claims for Unemployment Insurance Unchanged
Initial unemployment insurance claims were unchanged last week at 384,000 versus the prior week that was revised up slightly. Consensus expectations had been for 377,000 claims. A claims level below 400,000 typically has been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 26 2008U.S. Existing Home Sales Flat for Several Months
The National Association of Realtors reported that, in May, sales of existing homes rose 2.0% to 4.99M after two months of slight decline. The figure was about as expected. Total sales include sales of condos and co-ops. The latest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 26 2008U.S. 1Q'08 GDP Revised Up Minimally, Profits Revised Down
U.S. real GDP growth during 1Q'08 was revised minimally higher and showed 1.0% growth after the 0.6% rise during 4Q '07. Still, together, the figures are the weakest since near the end of the recession year of 2001. Corporate profits [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 26 2008U.S. 1Q'08 GDP Revised Up Minimally, Profits Revised Down
U.S. real GDP growth during 1Q'08 was revised minimally higher and showed 1.0% growth after the 0.6% rise during 4Q '07. Still, together, the figures are the weakest since near the end of the recession year of 2001. Corporate profits [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2008FOMC Left Fed Funds Rate Unchanged at 2.00%
As widely expected, the Federal Open Market Committee left the Federal funds rate unchanged today at 2.00%. The Fed had been steadily lowering the rate since its high of 6.25% in July of last year, where it had been for roughly 12 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2008U.S. New-Home Sales Near The Lowest Since 1991
Sales new single-family homes fell 2.5% to 512,000 and reversed roughly half of the prior month's increase. Sales were down 63.1% from their July 2005 peak. The decline about matched expectations for a level of 514,000. Overall sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2008U.S. Durable Goods Orders Unchanged in May; Downtrend Underscores Factory Sector Woes
New orders for durable manufactured goods matched expectations and were unchanged last month. The result followed a downwardly revised 1.0% drop in April. The year-to-year change in orders fell to -1.5% after a modest 1.4% rise last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2008U.S. Durable Goods Orders Unchanged in May; Downtrend Underscores Factory Sector Woes
New orders for durable manufactured goods matched expectations and were unchanged last month. The result followed a downwardly revised 1.0% drop in April. The year-to-year change in orders fell to -1.5% after a modest 1.4% rise last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2008U.S. Gasoline Price Stable at $4.08 per Gallon
Last week, the retail price for a gallon of regular gasoline remained even with the prior week's level of $4.08 per gallon, according to the U.S. Department of Energy survey. For all grades of gasoline the average price also remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2008Consumer Confidence in June Again Fell Surprising Hard
The Conference Board reported that consumer confidence this month fell by 13.3% m/m after a 7.5% drop in May. The decline nearly equaled the largest since 2005 and it more-than-doubled the decline that was generally expected. The June [...]
by:Tom Moeller
|in:Economy in Brief
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