Federal Reserve Bank of Dallas

Trimmed Mean PCE, May 2025

The Trimmed Mean PCE inflation rate over the 12 months ending in May was 2.5 percent. According to the BEA, the overall PCE inflation rate was 2.3 percent on a 12-month basis, and the inflation rate for PCE excluding food and energy was 2.7 percent on a 12-month basis.

June 27, 2025

Advances in AI will boost productivity, living standards over time

Artificial intelligence offers the potential to improve people’s living standards. Such advances can be approximated by changes in GDP per capita over time. Using that common measure, AI could enhance longstanding productivity gains or, alternatively, drastically alter the economy in relatively short order.

June 24, 2025

Waco’s business community thrives on partnerships, trust

A surge in business relocations, driven in part by Waco's central location in the geographic triangle formed by Texas' five largest cities, has served as a foundation for Waco’s growth in recent years.

June 24, 2025

Strong U.S. employment driven by sectors less sensitive to business cycles

The U.S. has enjoyed strong payroll job gains in the past couple of years despite generally restrictive monetary policy. The sectoral composition of employment reveals job growth has been concentrated in areas that are the least sensitive to national employment fluctuations over the business cycle.

April 01, 2025

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360° Listening Tour

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Events & Outreach

June 2–Oct. 31, 2025

Economy in Action Museum Impact Study

Dallas

July 10, 2025

A Conversation with Federal Reserve Governor Christopher J. Waller

Dallas

July 15, 2025

The View from the Fed: Insights from Dallas Fed President Lorie Logan

San Antonio

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Trending International House Price Database

Fed 101: Reserve Banks and the roles of the Fed

What is a Reserve Bank?

Explore our Fed 101 guide to the roles and structure of the Federal Reserve, the U.S. central bank. Learn how the Dallas Fed and other regional Reserve Banks promote a strong economy in communities across the country.

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Global Institute

The Global Institute advances policy-driven research on global trade, international capital and migration flows, and knowledge and technology transfer with a particular interest in linkages with Mexico. Through this expertise, the Institute delivers insights and analysis to better inform U.S. monetary policy.

Dallas Fed Economics

Advances in AI will boost productivity, living standards over time

Will AI replace your job? Perhaps not in the next decade

Has the Beige Book become disconnected from economic data?

U.S. tariff outcomes dependent on trading partner responses

How Gen Z Texans use credit cards can shed light on their future financial health

Local communities gain capacity to improve economic outcomes as they complete Advance Together program

How valuable is a short-term credential for a job seeker? It’s complicated

Moving up, falling back or staying still: How income mobility in Texas differs by race, ethnicity

Eleventh District banks rely on core business, stay profitable as loan growth softens

Santa Teresa port of entry navigates future during fraught time

Texas’ economic outlook deteriorates as tariff-related uncertainty builds

Waco building on ‘Fixer Upper,’ Baylor notoriety to reinvent itself

Global Perspectives

The Dallas Fed’s signature speaker series features engaging conversation with business leaders, economics and policy experts and Federal Reserve officials.

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