- Spending declines when adjusted for price gain.
- Real disposable income slips.
- Core PCE price index gain eases last month.
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
- Growth remains slowest since mid-2022.
- Inventories & foreign trade subtract slightly more from growth.
- Moderate rise in domestic final demand gain is lessened.
- Acceleration in price index growth is little changed.
by:Tom Moeller
|in:Economy in Brief
USA| May 30 2024U.S. Pending Home Sales Decline Sharply in April
- Decline brings sales to four-year low.
- Weakness spreads throughout the country.
by:Tom Moeller
|in:Economy in Brief
- Drop in mortgage applications follows three weekly increases.
- Purchase & refinancing applications both decline.
- Effective interest rates move higher.
by:Tom Moeller
|in:Economy in Brief
USA| May 29 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline & diesel fuel prices ease minimally.
- Crude oil costs decline after stabilizing in the prior week.
- Natural gas prices increase.
by:Tom Moeller
|in:Economy in Brief
USA| May 28 2024U.S. Consumer Confidence Recovers in May
- Confidence still remains down sharply from last year’s peak.
- Present situations reading edges up while expectations recover earlier decline.
- Inflation expectations increase.
by:Tom Moeller
|in:Economy in Brief
USA| May 24 2024U.S. Durable Goods Orders Unexpectedly Rise in April
- Motor vehicle orders move up, but aircraft orders decline.
- Excluding transportation, orders increase modestly.
- Durable goods shipments are strong; inventories & backlogs edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| May 23 2024U.S. New Home Sales Decline in April
- Sales are down versus early last year.
- Regional sales are mixed.
- Median sales price eases
by:Tom Moeller
|in:Economy in Brief
- Index is lowest since January.
- Component declines are broad-based.
by:Tom Moeller
|in:Economy in Brief
USA| May 22 2024U.S. Existing Home Sales Weaken in April
- Sales decline to three-month low.
- Home prices continue to strengthen.
- Sales decline throughout country.
by:Tom Moeller
|in:Economy in Brief
- Mortgage applications post third straight weekly increase.
- Purchase applications fall while refinancing applications rise.
- Effective interest rates decline to six-week low.
by:Tom Moeller
|in:Economy in Brief
USA| May 21 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline & diesel fuel prices continue to fall.
- Crude oil costs stabilize after prior week’s decline.
- Natural gas prices strengthen for fourth straight week.
by:Tom Moeller
|in:Economy in Brief
- of1056Go to 20 page