Chain store sales fell 1.0% last week. Abundant rain, warm temperatures and, versus February, a 12% rise in gasoline prices to an average $2.15 per gallon may have caused the spending decline. The y/y gain in sales improved in part [...]
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 29 2005Chain Store Sales Crimped By Higher Gas Prices & Inclement Weather
by:Tom Moeller
|in:Economy in Brief
Global| Mar 28 2005U.S. Liquidity Growth Fell As Interest Rates Rose
For nearly a year, the Federal Open Market Committee has been targeting a higher level for the Fed funds rate. The latest action lifted the rate to 2.75% versus 1.0% in late June of 2004. These actions have been geared to slowing the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 28 2005U.S. Liquidity Growth Fell As Interest Rates Rose
For nearly a year, the Federal Open Market Committee has been targeting a higher level for the Fed funds rate. The latest action lifted the rate to 2.75% versus 1.0% in late June of 2004. These actions have been geared to slowing the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2005Initial Unemployment Insurance Claims Back Up
Initial claims for unemployment insurance rose 3,000 to 324,000 last week and the level of claims during the prior two weeks was revised slightly higher. Consensus expectations had been for 315,000 claims. The revisions raised the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2005U.S. Existing Home Sales Slipped
Sales of existing single family homes slipped 0.4% in February to 6.79M January. Consensus expectations had been for sales of 6.70M. Improved methodology and better modeling led to monthly revisions back through 1999. The figures [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2005New Home Sales Higher
Sales of new single-family homes recovered 9.4% in February to 1.226M after the little revised 8.6% January decline. Consensus estimates had been for sales of 1.150M. The rise in sales last month was led by a 9.9% recovery in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2005U.S. Durable Goods Orders Up Slightly
Durable goods orders rose 0.3% last month following a 1.1% decline in January that was deeper than initially estimated. Consensus expectations had been for a 0.8% gain. Nondefense capital goods orders were about unchanged after an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 24 2005U.S. Durable Goods Orders Up Slightly
Durable goods orders rose 0.3% last month following a 1.1% decline in January that was deeper than initially estimated. Consensus expectations had been for a 0.8% gain. Nondefense capital goods orders were about unchanged after an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2005Mortgage Applications Lower
The Mortgage Bankers Association reported that mortgage applications dropped 9.5% last week and pulled the average level in March 4.1% below February. Applications to refinance plummeted 16.5% leaving the February average off 13.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2005CPI Gain The Strongest Since October
Consumer Prices (CPI-U) rose 0.4% in February, the strongest monthly increase since October and exceeded Consensus expectations for a 0.3% rise. A 0.3% gain in prices less food & energy also was the firmest since last September and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 23 2005CPI Gain The Strongest Since October
Consumer Prices (CPI-U) rose 0.4% in February, the strongest monthly increase since October and exceeded Consensus expectations for a 0.3% rise. A 0.3% gain in prices less food & energy also was the firmest since last September and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 22 2005Federal Funds Rate Raised to 2.75%
The Federal Open Market Committee raised the target rate for federal funds an expected 25 basis points to 2.75%. The discount rate also was raised 25 basis points to 3.75%. The decision to raise rates the seventh time since last June [...]
by:Tom Moeller
|in:Economy in Brief
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