Chain store sales stuttered during the opening week of August according to the International Council of Shopping Centers (ICSC)-UBS survey. The 0.8% w/w decline retraced virtually all of the prior week's strong gain and left sales [...]
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 09 2005Chain Store Sales Stuttered
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2005
2Q U.S. Productivity As-Expected, Revisions Down
Non-farm labor productivity increased 2.2% last quarter and about matched Consensus expectations for a 2.0% rise. Downward revisions to output growth from 2002 to 2004 (mostly due to upwardly revised estimates of inflation) lowered [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2005
Fed Funds Rate Increased to 3.50%
The Federal Open Market Committee increased the target rate for federal funds an expected 25 basis points to 3.50%. The discount rate also was raised 25 basis points to 4.50%. This latest increase is the tenth since last June. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2005
Stagnant U.S. Wages & Strong Consumer Spending?
As of July, average hourly earnings in the U.S. when adjusted for inflation had barely risen (0.1%) versus the year ago level. That stagnancy followed an outright decline in real earnings of 0.4% for all of 2004. The lack of movement [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2005
Stagnant U.S. Wages & Strong Consumer Spending?
As of July, average hourly earnings in the U.S. when adjusted for inflation had barely risen (0.1%) versus the year ago level. That stagnancy followed an outright decline in real earnings of 0.4% for all of 2004. The lack of movement [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2005
U.S. Payrolls Improve
In July, non-farm payrolls outpaced Consensus expectations for a 180,000 rise and increased 207,000 while the June and the May increases were revised up to 166,000 and 126,000, respectively. While showing improvement, these monthly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2005
U.S. Payrolls Improve
In July, non-farm payrolls outpaced Consensus expectations for a 180,000 rise and increased 207,000 while the June and the May increases were revised up to 166,000 and 126,000, respectively. While showing improvement, these monthly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2005
Unemployment Insurance Claims Continue Downtrend
Initial claims for unemployment insurance ticked down to 312,000 last week from an upwardly revised 313,000 the prior week and contrasted to Consensus expectations for 315,000 claims. The four week moving average of initial claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2005
Unemployment Insurance Claims Continue Downtrend
Initial claims for unemployment insurance ticked down to 312,000 last week from an upwardly revised 313,000 the prior week and contrasted to Consensus expectations for 315,000 claims. The four week moving average of initial claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2005
Mortgage Applications Dipped Again
Total mortgage applications dipped 0.3% last week, the fifth decline in the last seven weeks according to the Mortgage Bankers Association. The decline lowered the average level in July 1.4% below June. Again, the weekly decline was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2005
Challenger Layoffs Slipped
Challenger, Grey & Christmas reported that job cut announcements fell 7.2% in July to 102,971 but that followed sharp gains both in May (42.2%) and June (34.9%). The three month average of job cut announcements rose to the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2005
ISM Non-Manufacturing Index Down, As Expected
The July Business Activity Index for the non-manufacturing sector reversed about half of the prior month's improvement and fell 1.7 points to 60.5, reported the Institute for Supply Management. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
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