The total number of mortgage applications rose 11.4% last week after an 8.1% rise during the prior period, according to the Mortgage Bankers Association. Purchase applications continued firm and posted an 8.7% jump after the 4.9% rise [...]
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| Dec 13 2006Mortgage Applications Rose Further
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2006
U.S. Inventory Accumulation Continued Easier
Total business inventories rose an expected 0.4% in October, a bit above a downwardly revised 0.3% September increase. Over the last three months the 0.4% average increase was the slowest since March. During the last ten years there [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2006
U.S. Retail Sales Recovered
US retail sales last month recovered all of the weakness during the prior three months. Sales rose 1.0% following a 0.1% decline in October and a 0.6% shortfall in September which both were revised slightly shallower. The November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 13 2006
U.S. Retail Sales Recovered
US retail sales last month recovered all of the weakness during the prior three months. Sales rose 1.0% following a 0.1% decline in October and a 0.6% shortfall in September which both were revised slightly shallower. The November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
U.S. Budget Deficit Continued to Shrink
The U.S. federal government's budget deficit in November fell to $75.6B versus a deficit of $83.1B last November. That pulled the figure for the first two months of FY07 to $124.9B against $130.3B during last fiscal year's first two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
Small Business Optimism Slipped
The November index of small business optimism gave back most of its October rise and fell 1.0% to 99.7, according to the National Federation of Independent Business (NFIB). Nevertheless the figure remained well up from its June low of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
FOMC: Funds Rate Steady, Economy OK, Inflation Risks Remain
At today's Federal Open Market Committee meeting the target interest rate for Federal funds was held steady at 5.25%. The rate was increased to the current level at the FOMC meeting in late June. Voting against the decision for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
Gasoline Prices Slip a Penny
Pump prices for regular unleaded gasoline slipped a penny last week to an average $2.29 per gallon after the nickel increase during the prior week. That left this month's average price for gasoline up seven cents from the November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
Weekly Chain Store Sales Recovered Some
Last week chain store sales, according to the International Council of Shopping Centers (ICSC)-UBS, recovered about a third of the prior period's collapse with a 1.0% rise. So far in December sales are 2.0% below the November average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
U.S. Trade Deficit Lowest in Over One Year
The U.S. foreign trade deficit in October dropped to the lowest level since July of 2005. The $58.9B shortfall compared to an unrevised $64.3B during September and was shallower than Consensus expectations for a deficit of $63.0B. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2006
FOMC: Funds Rate Steady, Economy OK, Inflation Risks Remain
At today's Federal Open Market Committee meeting the target interest rate for Federal funds was held steady at 5.25%. The rate was increased to the current level at the FOMC meeting in late June. Voting against the decision for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2006
OECD Leaders Up Again
For October, the Leading Index of the major 7 OECD economies rose 0.2% after an unrevised 0.4% increase during September. It was the third increase following three consecutive months of decline and the index's six month growth rate [...]
by:Tom Moeller
|in:Economy in Brief
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