- Service sector weakness is notable.
- Earnings disappoint m/m and trend growth continues to decelerate.
- Jobless rate stays on upward path.
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
by:Tom Moeller
|in:Economy in Brief
USA| Aug 01 2024U.S. Light Vehicle Sales Recover in July
- Both light truck and passenger car sales rise.
- Imports' market share strengthens.
by:Tom Moeller
|in:Economy in Brief
- Index weakens to lowest point in eight months.
- Employment & production lead decline while supplier deliveries edge higher.
- Price index moves up.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 31 2024FOMC Maintains Funds Rate Target Range
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early-August 2023. Range remains highest since March 2001.
- Fed maintains focus on inflation reduction.
- Moderation of labor market strength & progress toward 2% inflation goal is noted.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 31 2024U.S. Employment Cost Index Gain Moderates in Q2
- Y/Y increase falls sharply.
- Wage & benefit growth both slip.
- Both goods-producing & service-sector compensation growth slows.
by:Tom Moeller
|in:Economy in Brief
- Confidence recovers most of June decline.
- Present situations reading declines but expectations strengthen.
- Inflation expectations stabilize.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 30 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices edge higher.
- Crude oil prices fall sharply to six-week low.
- Natural gas costs rise modestly.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 29 2024Texas Manufacturing Activity Eases in July; Expectations Surge
- Production, shipments and new orders growth weaken.
- Employment improves sharply but wages & benefits ease.
- Finished goods price index declines, but raw materials prices increase.
by:Tom Moeller
|in:Economy in Brief
- Price index held down by continuing weakness in goods prices.
- Real spending increases modestly m/m; trend growth is slightly higher.
- Spendable income growth after inflation remains stable & low.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 25 2024U.S. GDP Growth Strengthens in Q2’24; Rise in Price Index Slows
- Growth doubles the Q1 increase.
- Inventories & government spending lead growth.
- Consumer spending & business investment gains improve.
- Price increase moderates.
by:Tom Moeller
|in:Economy in Brief
USA| Jul 24 2024U.S. New Home Sales Ease as Prices Rise in June
- Sales fall to seven-month low.
- Median sales price recovers May decline.
- Changes are mixed throughout the country.
by:Tom Moeller
|in:Economy in Brief
- Mortgage applications fall in three of last four weeks.
- Home purchase applications decline while refinancing edges higher.
- Mortgage interest rates continue to fall.
by:Tom Moeller
|in:Economy in Brief
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