The National Association of Realtors reported that April sales of existing homes fell 1.0% m/m to 4.89M. The decline was to the lowest level in the nine year history of the series and it was about as expected. Total sales include [...]
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| May 23 2008U.S. Existing Home Sales % Decline Eased
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2008
Home Prices Fell Further
According to the Office of Federal Housing Enterprise Oversight (OFHEO), home prices in the U.S. declined by 1.7% last quarter. The seasonally adjusted drop was about as expected but it was the third consecutive quarterly decline.That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2008
U.S. Initial Unemployment Insurance Claims Fell
Initial claims for unemployment insurance fell a more-than-expected 9,000 last week to 365,000, reversing the prior week's little revised 6,000 rise. The latest figure is for the week when the Bureau of Labor Statistics surveyed May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 22 2008
Home Prices Fell Further
According to the Office of Federal Housing Enterprise Oversight (OFHEO), home prices in the U.S. declined by 1.7% last quarter. The seasonally adjusted drop was about as expected but it was the third consecutive quarterly decline.That [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2008
U.S. Inflation Pressures -- Demand-Pull, Cost-Push & Money
Worry abounds that inflationary pressure has built in the U.S. Indeed, the Consumer Price Index rose 4.5% at an annual rate during the last six months versus a 2.9% increase during all of last year. Typically, however, underlying [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 21 2008
U.S. Inflation Pressures -- Demand-Pull, Cost-Push & Money
Worry abounds that inflationary pressure has built in the U.S. Indeed, the Consumer Price Index rose 4.5% at an annual rate during the last six months versus a 2.9% increase during all of last year. Typically, however, underlying [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2008
U.S. Chain Store Sales Fell a Third Straight Week
The International Council of Shopping Centers reported that chain store sales fell another 0.4% last week after the prior period's 1.0% drop. It was the third consecutive weekly decline.
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2008
Chicago Fed Index Continues to Indicate Recession
The April National Activity Index (CFNAI), published by the Chicago Federal Reserve Bank, fell to -1.17 after a slight improvement in March. The decline lowered the three month moving average of the figure to -1.24 which was its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2008
U.S. Gasoline Prices Up to $3.79 per Gallon. "Seasonal" Will Raise The CPI Report
The retail price for a gallon of regular gasoline surged seven cents last week to $3.79 per gallon, according to the U.S. Department of Energy survey. That followed an eleven cent increase during the prior week. So far in May prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2008
U.S. PPI Gain Eased Last Month, Core Prices Firmed
The increase in U.S. finished producer prices eased last month to 0.2% after the unrevised 1.1% spike during March. The latest gain fell short of Consensus expectations for a 0.4% rise and it was the lightest month to month increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2008
U.S. PPI Gain Eased Last Month, Core Prices Firmed
The increase in U.S. finished producer prices eased last month to 0.2% after the unrevised 1.1% spike during March. The latest gain fell short of Consensus expectations for a 0.4% rise and it was the lightest month to month increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2008
U.S. Leading Economic Indicators Again Up Slightly
The composite index of leading economic indicators, reported by the Conference Board, increased 0.1% last month after an unrevised 0.1% uptick in March. Consensus expectations had been for no change in the April leaders and the latest [...]
by:Tom Moeller
|in:Economy in Brief
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