- Confidence remains down sharply from last year’s peak.
- Improvement in the present situations reading contrasts with a sharp decline in expectations.
- Inflation expectations remain reduced.
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
USA| Jun 25 2024U.S. Consumer Confidence Dips in June
by:Tom Moeller
|in:Economy in Brief
- Gasoline prices are lowest since March.
- Crude oil prices turn higher.
- Natural gas costs rebound.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 24 2024Texas Manufacturing Activity Index Edges Higher in June
- Current business index improves while future reading jumps.
- Production, new orders growth & shipments advance.
- Employment & wages readings rise slightly.
- Finished goods prices jump while raw materials price index edges higher.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 21 2024U.S. Existing Home Sales Decline While Prices Rise in May
- Sales decline to four-month low.
- Home prices strengthen to record level.
- Sales fall or hold steady throughout the country.
by:Tom Moeller
|in:Economy in Brief
- Single-family & multi-family starts weaken.
- Starts fall throughout the country, except the West.
- Building permits decline to four-year low.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 20 2024U.S. Current Account Deficit Unexpectedly Deepens in Q1
- Deficit on goods increases while the services surplus surges.
- Primary income surplus continues to shrink.
- Net direct & portfolio investment grow.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 18 2024U.S. Business Inventories & Sales Rise in April
- Inventory building led by retailers.
- Factory sales gain counters retail decline.
- Inventory/sales ratio is steady.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 18 2024U.S. Retail Sales Edge Up in May; Nonauto Sales Ease
- Disappointing sales follow weakened results in earlier months.
- Nonauto sales slip for second straight month.
- Nonstore sales improvement offsets declines elsewhere.
by:Tom Moeller
|in:Economy in Brief
- Though negative, the index rose to the highest level since February.
- Component improvement is widespread, excluding employment & prices.
- Expectations are greatly improved.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 14 2024U.S. Housing Affordability Weakens Further in April
- Affordability falls to five-month low.
- Principal & interest payment increases with higher home prices.
- Mortgage rates rise and median family income steadies.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 14 2024U.S. Import & Export Prices Unexpectedly Decline in May
- Import price drop follows four straight months of increase.
- Excluding fuels, import prices fall after six monthly gains.
- Export price weakness reverses April strength.
by:Tom Moeller
|in:Economy in Brief
- Goods prices less food and energy rise moderately.
- Services prices hold steady.
- Food prices decline for second straight month.
by:Tom Moeller
|in:Economy in Brief
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