Personal income rose 0.4% last month, the same as during May. The June increase about matched Consensus expectations for a 0.5% gain. The June increase at 6.1% y/y left income growing near the rate of increase during the last three [...]
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| Jul 31 2007U.S. Personal Income About On Forecast, Core Prices Again Up 0.1%
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2007
U.S. Help-Wanted Advertising Reverses Improvement
The Conference Board indicated that its index of help-wanted advertising reversed its earlier improvement and fell to 26 from 27 in June. The index had been elevated earlier this year off a 2006 low in November of 29.
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2007
U.S. Help-Wanted Advertising Reverses Improvement
The Conference Board indicated that its index of help-wanted advertising reversed its earlier improvement and fell to 26 from 27 in June. The index had been elevated earlier this year off a 2006 low in November of 29.
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2007
Michigan Consumer Sentiment Up During July
The University of Michigan's reading of consumer sentiment this month rose 6.0% to 90.4, the highest level since February. The increase was less than the 8.3% gain reported in the preliminary report and it fell short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2007
US 2Q07 GDP Above Expectations
U.S. real GDP grew 3.4% (AR) last quarter. It was both the fastest growth since 1Q06 and exceeded Consensus expectations for a 3.2% rise. The estimates released today reflect the annual revision to the national income & product [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2007
US 2Q 2007 GDP Above Expectations
U.S. real GDP grew 3.4% (AR) last quarter. It was both the fastest growth since 1Q06 and exceeded Consensus expectations for a 3.2% rise. The estimates released today reflect the annual revision to the national income & product [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2007
New Home Sales and Prices Fell
New home sales during June fell 6.6% to 834,000 following a 2.2% drop in May. The decline was back down to the current cycles low. June sales were down sharply in nearly every region:In the Northeast sales fell 27.1% and were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2007
U.S. Durable Goods Orders Missed Forecasts
The 1.4% rise in new orders for durable goods during June missed Consensus expectations for a 1.6% increase. Though the shortfall was only slight, the gain failed to make up for a 2.3% decline during May and other details within the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2007
U.S. Durable Goods Orders Missed Forecasts
The 1.4% rise in new orders for durable goods during June missed Consensus expectations for a 1.6% increase. Though the shortfall was only slight, the gain failed to make up for a 2.3% decline during May and other details within the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2007
Existing Home Sales Fell Again in June, Lowest Since 2002
Sales of existing homes fell again in June. The 3.8% to 5.750M units to the lowest level since November 2002. Sales were down 20.2% from the peak during September of 2005. Sales of single family homes fell a sharper 3.5% last month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2007
Chicago Fed Nat'l Activity Index Improved
The National Activity Index (CFNAI) from the Federal Reserve Bank of Chicago improved in June to 0.11 from negative values which had been sustained during four of the prior five months. The categories of production, income, sales and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2007
Mortgage Applications Lowest Since February
The total number of mortgage applications fell 3.6% last week to the lowest level since last February, according to the Mortgage Bankers Association. The decline was to a level 11.8% below the recent peak in March. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
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