The target interest rate for Federal funds was raised 25 basis points to 4.25% at the latest meeting of the Federal Open Market Committee. The unanimous decision was widely expected by analysts. The discount rate also was raised 25 [...]
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
Global| Dec 13 2005Fed Funds Rate Raised to 4.25%
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2005
Households' Debt Usage Surged in 3Q
Growth in credit market debt owed by the household sector jumped at a 13.3% rate last quarter, the strongest rate in a year. A 15.5% (13.2% y/y) jump in mortgage obligations lifted the figure but consumer credit also surged at an 8.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2005
OECD Leaders Rose Further
The Leading Index of the Major 7 OECD economies posted its fifth consecutive monthly increase in October with a 0.4% increase that doubled the gains of the prior two months. The increase raised the leaders' six month growth rate to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 12 2005
OECD Leaders Rose Further
The Leading Index of the Major 7 OECD economies posted its fifth consecutive monthly increase in October with a 0.4% increase that doubled the gains of the prior two months. The increase raised the leaders' six month growth rate to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2005
Higher Commodity Prices: A Better Economy or Pending Inflation?
Recent strength in commodity prices highlight the fear that inflation is about to surge. However the concern is based not just on the gains in metals prices, for example, but on a broader array of potentially inflationary [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2005
U.S. Consumer Sentiment Stronger Than Expected
Consumer sentiment in early December rose more than generally expected, reported the University of Michigan. The 8.7% m/m rise to 88.7 added to a 10.0% rise in November and beat Consensus expectations for an increase to 85.0. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2005
U.S. Consumer Sentiment Stronger Than Expected
Consumer sentiment in early December rose more than generally expected, reported the University of Michigan. The 8.7% m/m rise to 88.7 added to a 10.0% rise in November and beat Consensus expectations for an increase to 85.0. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2005
Initial Unemployment Insurance Claims Up Modestly
Initial claims for unemployment insurance rose 6,000 to 327,000 last week following a revised 16,000 drop the prior week. Consensus expectations had been for 315,000 claims. Hurricane related claims dropped to 8,000 and brought the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 08 2005
Initial Unemployment Insurance Claims Up Modestly
Initial claims for unemployment insurance rose 6,000 to 327,000 last week following a revised 16,000 drop the prior week. Consensus expectations had been for 315,000 claims. Hurricane related claims dropped to 8,000 and brought the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2005
Mortgage Applications Recover Some
According to the Mortgage Bankers Association, the 5.2% rise in the total number of mortgage applications last week recovered virtually all of the prior two weeks' decline. Nevertheless, the rebound left the recent level 26% below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2005
Challenger Layoffs Up Third Straight Month in November
Challenger, Grey & Christmas reported that job cut announcements in November rose for the third consecutive month. The 22.1% rise to 99,279 followed a 13.2% rise the prior month and pulled the three month average of job cut [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2005
Challenger Layoffs Up Third Straight Month in November
Challenger, Grey & Christmas reported that job cut announcements in November rose for the third consecutive month. The 22.1% rise to 99,279 followed a 13.2% rise the prior month and pulled the three month average of job cut [...]
by:Tom Moeller
|in:Economy in Brief
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