Personal income slightly beat Consensus expectations last month with a 0.5% rise. Three-month growth in income totaled 4.4% (AR), a growth rate that has been roughly steady. Wage & salary income rose 0.4% (4.8% y/y) after a 0.6% [...]
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| Jan 31 2008U.S. Personal Income Firm, Spending Light
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2008
U.S. Personal Income Firm, Spending Light
Personal income slightly beat Consensus expectations last month with a 0.5% rise. Three- month growth in income totaled 4.4% (AR), a growth rate that has been roughly steady. Wage & salary income rose 0.4% (4.8% y/y) after a 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2008
Case-Shiller Home Price Index Lowest Since 2005
According to the S&P/Case-Shiller Composite 10 home price index, U.S. home prices fell another 2.2% m/m in November to the lowest level since April 2005. Home prices have fallen in every month since June of 2006 and the total decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2008
FOMC Lowers Interest Rates Further
The Federal Open Market Committee today lowered the Federal funds rate by fifty basis points to 3.0%. The move was as expected following the seventy-five basis point reduction last week. The rate was last at 3.0% in June of 2005. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2008
ADP Report: Private Payroll Growth Much Improved
The ADP National Employment Report, reported by the payroll processor, indicated that private nonfarm payroll growth improved sharply to 130,000 in January from a revised 37,000 worker advance in December. The U.S. Bureau of Labor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2008
US 4Q GDP Weaker Than Expected At 0.6%. Exports & Inventories Added Less
U.S. real GDP in the last quarter of 2007 rose at a 0.6% annual rate. The figure from the Commerce Department contrasted slightly with the Consensus expectation for a 1.2% advance. The figure contrasted sharply, however, with an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2008
US 4Q GDP Weaker Than Expected At 0.6%. Exports & Inventories Added Less
U.S. real GDP in the last quarter of 2007 rose at a 0.6% annual rate. The figure from the Commerce Department contrasted slightly with the Consensus expectation for a 1.2% advance. The figure contrasted sharply, however, with an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2008
Consumer Confidence Stayed Low
The Conference Board reported today that consumer confidence gave back about all of its December gain. The level fell 3.0% in January to a reading of 87.9. The decline was slightly less than had been expected by economists but it was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2008
U.S. Durable Goods Orders Surged in December, Gain Slowed in 2007
Orders for durable manufactured goods surged 5.2% last month helped very much by a jump in orders for commercial aircraft. December's rise was the largest m/m gain since July. Nevertheless, a reduced increase in orders for all of 2007 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2008
U.S. Durable Goods Orders Surged in December, Gain Slowed in 2007
Orders for durable manufactured goods surged 5.2% last month helped very much by a jump in orders for commercial aircraft. December's rise was the largest m/m gain since July. Nevertheless, a reduced increase in orders for all of 2007 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2008
US New Home Sales Off 41% in Last Twelve Months; Lowest Since 1995
At the end of 2007, new single family home sales dropped 4.7% to 604,000 after falling 12.6% m/m during November. A sales rate of 649,000 was the Consensus expectation for last month. The full year, however, contained much worse news. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2008
US New Home Sales Off 41% in Last Twelve Months; Lowest Since 1995
At the end of 2007, new single family home sales dropped 4.7% to 604,000 after falling 12.6% m/m during November. A sales rate of 649,000 was the Consensus expectation for last month. The full year, however, contained much worse news. [...]
by:Tom Moeller
|in:Economy in Brief
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