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Ben Munyan, director of supervisory policy in the Banking Supervision Department at the Federal Reserve Bank of Dallas, discusses the challenges the banking industry faces in an era of rapidly rising interest rates and how Texas institutions have fared.
September 29, 2023
The Trimmed Mean PCE inflation rate over the 12 months ending in August was 3.9 percent. According to the BEA, the overall PCE inflation rate was 3.5 percent on a 12-month basis, and the inflation rate for PCE excluding food and energy was 3.9 percent on a 12-month basis.
Many emerging-market currencies have depreciated modestly during the Federal Reserve’s tightening cycle that began in March 2022. The Mexican peso, however, outperformed the group during the period.
September 26, 2023
September 22, 2023
Growth in Texas factory activity resumed in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rebounded nearly 20 points to 7.9—its highest reading of the year.
September 25, 2023
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Oct. 12–13, 2023 | Dallas
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Texas is the “stickiest” state in the country by far. About 82 percent of native Texans were still living in their home state in 2021.
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