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2/2   Speech by Richard W. Fisher
A Report on the Texas Economy and a Hawk(s)eye View on Recent Fed Pronouncements: What Does It All Mean?—"Explicitly acknowledging that monetary policy's impact on employment is transitory and uncertain is a cardinal event. It signals to the markets that there are limits to the ultimate job-stoking efficacy of Federal Reserve policy. To the extent that inflation is running below 2 percent, the Federal Reserve may have somewhat greater latitude to pursue accommodation. However, the past few years have demonstrated, yet again, that allowing inflation to rise by no means guarantees faster job growth."Read more Read more
2/1   Texas Economic Indicators
Read more The Texas economy continues to expand at a moderate pace. Texas employment grew at a 1.5 percent annual rate in December and expanded 2 percent in 2011. Housing indicators suggest that the sector continues to heal, and energy activity remains strong. Growth in Texas exports resumed and Texas manufacturing activity increased in January, according to the Texas Manufacturing Outlook Survey.Read more
1/31   Texas Service Sector Outlook Survey
Texas service sector activity increased in January, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 9.8 to 13.7, with 32 percent of respondents noting revenue increased from December.Read more Read more

1/30   Behind the Numbers: PCE Inflation Update
Read more The headline PCE price index posted an annualized increase of just 0.8 percent in December, marking a fourth consecutive month of modest headline rates, after a string of robust readings over the first part of 2011.Read more
1/30   Trimmed Mean PCE Inflation Rate
The trimmed mean PCE inflation rate for December was an annualized 1.5 percent. According to the BEA, the overall PCE inflation rate for December was 0.8 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.9 percent.Read more Read more
1/30   Texas Manufacturing Outlook Survey
Read more Texas factory activity increased in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 0.2 to 5.8, suggesting growth resumed this month.Read more

Events

March 30, 2012   ESP: Economic Scholars Program Conference
6th Annual Undergraduate Research Conference—This annual event provides a forum for students from across the country to showcase original undergraduate research and aims to inspire others to create and pursue their own research agenda. Read more

 
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