- Nominal spending improves but eases in real terms.
- Disposable income moves up steadily.
- PCE price index strengthens.
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| Feb 29 2024U.S. Pending Home Sales Fall Sharply in January
- Decline reverses December increase.
- Falloff is centered in Midwest & South.
by:Tom Moeller
|in:Economy in Brief
- Growth accelerates y/y as domestic final demand growth remains strong.
- Foreign trade & inventory contributions offset one another.
- Halving of Q3 price gain remains in place.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 27 2024U.S. Consumer Confidence Disappoints in February
- Present situations reading reverses January rise.
- Expected conditions fall modestly.
- Inflation expectations remain lowest in four years.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 27 2024U.S. Energy Prices Ease in Latest Week
- Gasoline prices back away from November high.
- Crude oil prices slip but remain above the June low.
- Natural gas prices ease and remain near 2020 low.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 26 2024Texas Manufacturing Activity Improves in February
- General business activity index recovers January decline.
- Production, shipments & employment strengthen.
- Price & wage indexes remain weak.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 26 2024NABE Expects GDP Growth Slowdown in 2025
- Consumer & government spending growth set to moderate next year.
- Housing activity & vehicle sales projected to improve.
- Price inflation is forecast to cool.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 23 2024FIBER: Industrial Commodity Prices Continue to Rise
- Crude oil prices move up.
- Rubber prices continue to strengthen.
- Metals prices decline.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 22 2024U.S. Existing Home Sales Strengthen in January
- Sales rise to five-month high.
- Home prices fall to ten-month low.
- Sales increase spans country, except Northeast.
by:Tom Moeller
|in:Economy in Brief
- Initial claims stand at lowest level in five weeks.
- Continuing claims fall to four-week low.
- Insured unemployment rate reverses earlier week’s increase.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 21 2024U.S. Mortgage Applications Plunge as Interest Rates Surge
- Purchase loan applications decline for fourth consecutive week.
- 30-year fixed-rate mortgage increases to early-December high.
- Applications for loan refinancing fall sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Feb 21 2024U.S. Gasoline & Crude Oil Prices Rise in Latest Week
- Gasoline prices strengthen to November high.
- Crude oil prices increase sharply.
- Natural gas prices fall to 2020 low.
by:Tom Moeller
|in:Economy in Brief
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