COVID-19’s Fiscal Ills: Busted Texas Budgets, Critical Local Choices

September 21, 2020

COVID-19 and related economic shutdowns have raised concerns that state and local government revenues will fall short of expectations just as demand for services soars.

Texas Economy Improves Despite Lagging Sectors as COVID-19 Cases Decline

September 24, 2020

Continued growth is projected for the rest of the year, but it may be somewhat restrained by the expiration of federal stimulus programs and election uncertainty.

Surveys

Contraction Continues in Oil and Gas Sector but Pace of Decline Has Moderated

September 23, 2020

Activity in the oil and gas sector declined modestly in third quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey.

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

September 22, 2020

It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.

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Robert S. Kaplan

Our People

Our Commitment to Inclusion

We affirm that Black Lives Matter.

Recent Additions

Regional Economy

Texas Weekly Employment Estimate

The Texas Weekly Employment Estimate (TWEE), drawing on high-frequency data, provides a timely indicator of job growth in the state of Texas.

Economic Indicators

San Antonio Economic Indicators

The San Antonio Business-Cycle Index grew at a steady pace in August. The unemployment rate decreased slightly, and net jobs increased.

Economic Indicators

El Paso Economic Indicators

The El Paso economy continued to improve in August. The El Paso Business-Cycle Index expanded thanks to monthly payroll gains and improvements in the unemployment rate.

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Events

09/30/20
Global Perspectives with James B. Milliken
Live webcast
10/06/20
Global Perspectives with Governor Alejandro Díaz de León Carrillo
Live webcast
10/22/20
Global Perspectives with John B. Taylor
Live webcast

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In Focus

High-Frequency Data

High-frequency indicators provide timely measures of key activity, drawing on alternative data sources to identify rapidly changing trends such as those seen during the COVID-19 pandemic.

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COVID-19 Update

At the Dallas Fed, we're working to support the financial health of the people and businesses in the Eleventh District as we deal with this unprecedented crisis.

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Global Perspectives

This speaker series connects global thought leaders and community members for conversation around economic issues. (Via live webcast.)

Richard W. Fisher
September 21
James B. Milliken
September 30
Governor Alejandro Díaz de León Carrillo
October 6

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Rob Kaplan in the News

Dallas Fed Energy Survey

Activity in the oil and gas sector deteriorated further in second quarter 2020. Special questions focus on production shut-ins and curtailments, government assistance programs to the private sector, the outlook for both oilfield activity and global oil consumption, and the ability of firms to remain solvent over the next year.

Southwest Economy, Third Quarter 2020

This issue looks at COVID-19's impact on state and local government revenues and the Texas economy's uneven recovery. It also includes a Spotlight on the energy industry's slow recovery, a Q&A with Gary Hoover, University of Oklahoma economics department chairman, and an infographic on how vehicle sales highlight surprising spending resilience during the pandemic.

Main Street Lending Program

Business loans to help eligible medium-sized and small companies through the COVID-19 pandemic are available now through the Federal Reserve’s Main Street Lending Program.

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Advance Together, Inclusive Economy Accelerator

Advance Together™ accelerates the progress of community partnerships in Texas that are addressing education and workforce challenges.

Dallas Fed Economics

Economic analysis and insights from the Federal Reserve Bank of Dallas.

Energy Research

The Dallas Fed is a premier source for information on energy economics.

Resources

Dallas Fed Communities

Promoting the economic resilience and mobility of underserved communities.

About the Dallas Fed

The Dallas Fed promotes a strong financial system and healthy economy for everyone in the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. We’re building a strong economy together.

The Eleventh District