The total number of mortgage applications slipped 0.2% following a 0.7% increase the prior week. In March, applications are 1.9% below the February average which fell 6.3% m/m. The effective interest rate on a conventional 30-year [...]
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 15 2006Mortgage Applications Meander, Interest Rates Jump Further
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2006
Empire State Index Surged
The Empire State Index of General Business Conditions for March, published by the Federal Reserve Bank of New York, surged to 31.16 from a revised 21.02 last month. Consensus expectations for the factory sector index had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2006
Small Business Optimism Up, Hiring Firm
The February index of small business optimism from the National Federation of Independent Business (NFIB) reversed all the prior month's decline and rose 0.4%. The index has moved generally sideways since last Fall. The percentage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2006
Import Prices Back Down
One month U.S. import prices move up, the next month they're down. And sometimes, they remain unchanged. All three possibilities have been in evidence since last November. The trend is up but the rate of increase appears to have [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 15 2006
Import Prices Back Down
One month U.S. import prices move up, the next month they're down. And sometimes, they remain unchanged. All three possibilities have been in evidence since last November. The trend is up but the rate of increase appears to have [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2006
JOLTS: Openings Steady
The Bureau of Labor Statistics reported that the job openings rate, from the Job Openings & Labor Turnover Survey (JOLTS), was unchanged from a downwardly revised 2.8% in December. The job openings rate is the number of job openings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2006
U.S. Current Account Deficit By Far a Record
The US current account deficit surged last quarter to $224.9B from the revised 3Q deficit $185.4B. Last year, the current account deficit of $804.9B jumped $136.9B from 2004 to a new record and equaled 6.4% of GDP. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2006
Chain Store Sales Inched Higher
Chain store sales inched 0.1% higher last week following a 0.2% gain the prior period, according to the International Council of Shopping Centers (ICSC)-UBS survey. Because of a 1.5% jump late last month, the latest increase lifted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2006
U.S. Retail Sales Off, But ...
US retail sales fell 1.3% last month but several factors suggest the decline hardly indicates consumer spending weakness, even though it exceeded Consensus expectations for a 0.8% drop. 1) January's warm weather surge in spending was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 14 2006
U.S. Retail Sales Off, But ...
US retail sales fell 1.3% last month but several factors suggest the decline hardly indicates consumer spending weakness, even though it exceeded Consensus expectations for a 0.8% drop. 1) January's warm weather surge in spending was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2006
OECD Leaders' Gains Slower but Suggest Economic Growth
The Leading Index of the Major 7 OECD economies increased 0.2% in January. For December, the index increased 0.3% but that was revised down from a 0.6% gain reported initially. While the latest increases represent a slight slowdown [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 13 2006
OECD Leaders' Gains Slower but Suggest Economic Growth
The Leading Index of the Major 7 OECD economies increased 0.2% in January. For December, the index increased 0.3% but that was revised down from a 0.6% gain reported initially. While the latest increases represent a slight slowdown [...]
by:Tom Moeller
|in:Economy in Brief
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