May personal income rose just 0.2% following a downwardly revised 0.6% gain the prior month. Consensus expectations had been for a 0.3% increase. Wages & salaries rose a slim 0.1% (7.0% y/y) following the 0.7% pop in April. Wages in [...]
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| Jun 30 2005U.S. Personal Income Growth Eased in May
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2005
Mortgage Applications Fell A Bit Further
The Mortgage Bankers Association reported that total mortgage applications fell another 1.1% last week following the 11.3% decline during the week prior. As a result of increases earlier in the month, applications in June grew 9.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2005
US GDP & Corporate Profit Growth Revised Up
US real GDP growth in 1Q '05 was revised up further to 3.8% (AR), in line with Consensus expectations. Corporate profit growth (w/IVA & CCA) also was revised up to 6.0% (15.4% y/y) versus the preliminary estimate of a 4.5% increase. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 29 2005
US GDP & Corporate Profit Growth Revised Up
US real GDP growth in 1Q '05 was revised up further to 3.8% (AR), in line with Consensus expectations. Corporate profit growth (w/IVA & CCA) also was revised up to 6.0% (15.4% y/y) versus the preliminary estimate of a 4.5% increase. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2005
Chain Store Sales Fell
Chain store sales fell 0.6% last week following three consecutive weeks of gain according to the International Council of Shopping Centers (ICSC)-UBS survey. In June sales are 0.4% below the prior month's average. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2005
Consumer Confidence Rose Again
The Index of Consumer Confidence from the Conference Board rose another 2.6% in June to 105.8 following an upwardly revised gain in May. Consensus expectations had been for a lesser increase to 104.1. During the last twenty years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 28 2005
Consumer Confidence Rose Again
The Index of Consumer Confidence from the Conference Board rose another 2.6% in June to 105.8 following an upwardly revised gain in May. Consensus expectations had been for a lesser increase to 104.1. During the last twenty years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2005
U.S. Liquidity Growth Down
Liquidity growth in the US has slowed markedly this year versus the charged growth rates during the prior three years. Growth during the last three months in the adjusted monetary base fell to 1.2% versus 5.3% growth last year and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2005
Chicago Fed Nat'l Activity Index Indicates Trend US GDP Growth
At 0.10 in May, the National Activity Index (CFNAI) compiled by the Federal Reserve Bank of Chicago continued to suggest that US economic growth has slowed.The slowdown, however, would be from the heady rates of growth during 2004 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2005
Chicago Fed Nat'l Activity Index Indicates Trend US GDP Growth
At 0.10 in May, the National Activity Index (CFNAI) compiled by the Federal Reserve Bank of Chicago continued to suggest that US economic growth has slowed.The slowdown, however, would be from the heady rates of growth during 2004 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2005
New Home Sales Up, Prices Down
New single-family home sales in May rose 2.1% m/m to 1.298M. The figure was slightly below the record level reached last October but sales during prior months were revised lower. Consensus estimates had been for sales of 1.32M. Sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2005
U.S. Durable Goods Orders Soar
New orders for durable goods soared 5.5% in May, lifted by aircraft & parts orders which more than doubled m/m. Consensus expectations had been for a 1.5% rise. The 125% surge in orders for aircraft raised transportation equipment [...]
by:Tom Moeller
|in:Economy in Brief
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