Personal income increased 0.6% last month, the same as during June which was unrevised. The gain slightly outpaced Consensus expectations for a 0.5% rise. Wage & salary disbursements again were strong and rose 0.6% (7.9% y/y) for the [...]
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| Aug 31 2006U.S. Personal Income Again Up 0.6%, Core Price Inflation Eased
by:Tom Moeller
|in:Economy in Brief
Global| Aug 31 2006U.S. Personal Income Again Up 0.6%, Core Price Inflation Eased
Personal income increased 0.6% last month, the same as during June which was unrevised. The gain slightly outpaced Consensus expectations for a 0.5% rise. Wage & salary disbursements again were strong and rose 0.6% (7.9% y/y) for the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2006Mortgage Applications Portend Further Weakness in Housing
The total number of mortgage applications slipped another 0.9% last week according to the Mortgage Bankers Association. The average level of applications in August rose 2.9% from July. Last week's decline was led by a 1.6% drop in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2006ADP Nat'l Employment Report: Growth Stable & Slower
The Nat'l Employment Report, published by the payroll processor ADP, indicated that August private nonfarm payrolls rose 107,000. The August figure from BLS will be published this Friday. The rise in ADP's measure of July private [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2006US GDP Growth Revised Up, Profit Growth Slowed
U.S. real GDP growth during 2Q '06 was revised higher to 2.9% (AR) from the advance report of 2.5% growth. The figure about matched Consensus expectations for a 3.0% rise. Reported for the first time, 2Q profits advanced 3.2% (20.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2006US GDP Growth Revised Up, Profit Growth Slowed
U.S. real GDP growth during 2Q '06 was revised higher to 2.9% (AR) from the advance report of 2.5% growth. The figure about matched Consensus expectations for a 3.0% rise. Reported for the first time, 2Q profits advanced 3.2% (20.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2006Weekly Chain Store Sales Up, Gasoline Prices Down
According to the International Council of Shopping Centers (ICSC)-UBS survey, chain store sales rose a moderate 0.6% last week, the first w/w gain since July. The increase helped the average sales level in August rise 0.4% above July, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2006Consumer Confidence Fell Sharply
The Conference Board reported that consumer confidence in August fell a sharp 6.9% to 99.6, its lowest level since November. The July level was revised up slightly but Consensus expectations had been for a more moderate decline in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2006Consumer Confidence Fell Sharply
The Conference Board reported that consumer confidence in August fell a sharp 6.9% to 99.6, its lowest level since November. The July level was revised up slightly but Consensus expectations had been for a more moderate decline in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 28 2006Railcar Loadings, Truck Tonnage & Air Freight
Railcar loadings through July grew 2.7% y/y, according to Atlantic Systems. Though y/y growth has been firm, the six month growth in loadings eased to 1.4% though some pickup may be evident in the weekly data for August. Intermodal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 28 2006Railcar Loadings, Truck Tonnage & Air Freight
Railcar loadings through July grew 2.7% y/y, according to Atlantic Systems. Though y/y growth has been firm, the six month growth in loadings eased to 1.4% though some pickup may be evident in the weekly data for August. Intermodal [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 25 2006Monetary Policy's Posture: Many "Buts"
The dissenting opinion at the last FOMC meeting from Richmond Fed Bank President Lacker no doubt reflected more than a concern that economic growth was still too robust to be consistent with moderate inflation, but that various [...]
by:Tom Moeller
|in:Economy in Brief
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