According to the National Association of Realtors, existing home sales in February rose 2.9% m/m to 5.030M from an unrevised January level which fell 0.4%. The rise contrasted with Consensus expectations for a slight decline. There [...]
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| Mar 24 2008U.S. Existing Home Sales Rose Slightly. Momentum Changing?
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2008
U.S. 2008 Current Account Deficit Shrinks To Smallest Since 2004
Recession and lower oil prices worked to sharply shrink the U.S. current account deficit last year. In fact, the 2008 deficit of $673.3 billion was the smallest since 2004. That improvement came despite recessions abroad which limited [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2008
U.S. Leading Economic Indicators Fell For Fifth Month
The Conference Board reported that the composite index of leading economic indicators fell 0.3% last month and matched Consensus expectations. A January decline of 0.1% reported initially was revised to show a larger 0.4% drop. It was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2008
Philadelphia Fed Index Improved Slightly
The Philadelphia Federal Reserve Bank reported that for March, it's Index of General Business Conditions in the manufacturing sector improved slightly to -17.4, about as expected, from -24.0 in February. The latest level was still [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2008
U.S. Weekly Initial Jobless Insurance Claims Highest Since 2005
Initial claims for unemployment insurance last week surged 22,000 to 378,000. The latest was the highest level since September 2005 and claims during the prior week were revised up slightly. Consensus expectations had been for initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 20 2008
U.S. Leading Economic Indicators Fell For Fifth Month
The Conference Board reported that the composite index of leading economic indicators fell 0.3% last month and matched Consensus expectations. A January decline of 0.1% reported initially was revised to show a larger 0.4% drop. It was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2008
U.S. Business Inventories Starting to Back Up
The Commerce Department reported that for January total business inventories rose 0.8% after an upwardly revised 0.7% rise in December. The annualized three month growth in inventories rose as a result to 7.7%, its strongest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2008
U.S. Empire State Index More Negative
The March index of manufacturing activity in New York State fell to a more negative reading of -22.23 in March after a -11.72 February figure. Expectations were for -6.3. The figures are reported by the Federal Reserve Bank of New [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 19 2008
U.S. Business Inventories Starting to Back Up
The Commerce Department reported that for January total business inventories rose 0.8% after an upwardly revised 0.7% rise in December. The annualized three month growth in inventories rose as a result to 7.7%, its strongest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2008
FOMC Lowers Fed Funds Rate by 75 Basis Points
Today, the Federal Open Market Committee lowered the Federal funds rate by 75 basis points to 2.25% in a move that was somewhat more aggressive than generally expected. The funds rate was last this low early in 2005 and it was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2008
U.S. Chain Store Sales Up Slightly and Gasoline Prices Up Sharply
For last week, the International Council of Shopping Centers ICSC-UBS Chain Store survey indicated that chain store sales rose 0.4% and added to the prior week's 0.3% rise. The increases raised the average level of sales so far this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 18 2008
U.S. PPI Total & Total Firm
Finished producer prices in the U.S. rose 0.3% during February following a 1.0% surge in January. The latest increase fell just short of Consensus expectations for a 0.4% rise but the 6.8% increase versus last February was near this [...]
by:Tom Moeller
|in:Economy in Brief
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