- Sales remain up from earlier low.
- Purchases are mixed throughout country.
- Home prices rise sharply.
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 22 2023
U.S. Existing Home Sales Are Little Changed in May
by:Tom Moeller
|in:Economy in Brief
- Claims remain at highest level since October 2021.
- Continuing claims drop, reversing most of prior week’s rise.
- Insured unemployment rate stays steady & low for 8th straight week.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 21 2023
U.S. Mortgage Applications Edge Higher as Interest Rates Slip
- Modest rise in applications last week adds to sharp increase in prior week.
- Weekly mortgage rates decline for third straight week.
- Refinancing activity declines again.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 21 2023
U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices ease but diesel fuel prices rise.
- Crude oil prices decline as natural gas costs prices improve.
- Petroleum demand increases.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 20 2023
U.S. Housing Starts Surge in May
- Both single-family & multi-family starts jump.
- Improvement fails to include the Northeast.
- Smaller gain in building permits dominated by single-family.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 20 2023
U.S. Home Builder Index Strengthens in June
Index improves to 11-month high. Current sales & traffic strengthen. Regional activity improves broadly.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 16 2023
U.S. Business Inventories Rebound in April; Sales Rise
- Factory inventories strengthen.
- Retail & wholesale sales improve.
- I/S ratios ease m/m, but remain elevated.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 15 2023
U.S. Retail Sales Are Unexpectedly Firm in May
- Motor vehicle & building material sales strengthen.
- Core goods increase moderates.
- Lower gasoline prices continue to lessen overall gain.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 15 2023
U.S. Import and Export Prices Decline
- Import price decline led by large drop in fuel prices.
- Excluding fuels, import prices decline minimally.
- Export prices fall sharply.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 14 2023
FOMC Leaves Fed Funds Rate Unchanged
- Federal funds rate is unchanged in a range of 5.00% to 5.25%.
- Rate is highest since August 2007.
- Economic projections add to real growth & inflation this year.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 14 2023
U.S. PPI Declines in May; Core Edges Higher
- Annual gain down sharply from last year’s high.
- Core goods & services prices edge higher.
- Energy & food prices fall sharply.
by:Tom Moeller
|in:Economy in Brief
- USA| Jun 13 2023
U.S. CPI Increases Negligibly in May; Core Prices Rise Steadily
- Core goods prices hold steady.
- Service price strength is sustained.
- Energy prices fall sharply; food prices edge higher.
by:Tom Moeller
|in:Economy in Brief
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