Texas Economy

Texas Employment Forecast

October 22, 2021

Texas employment growth increased to an 8.8 percent annualized rate in September after a downwardly revised 3.0 percent (previously 4.4 percent) in August.

‘Great Ratios’ in Economics Don’t All Add Up

October 19, 2021

"Great ratios" are widely adopted in theoretical models in economics as conditions for balanced growth, arbitrage or solvency. However, the empirical literature has tended to find little evidence for them.

Expansion Continues in Oil and Gas Activity; Cost Pressures Building

October 21, 2021

Solid oil and gas sector growth continued in third quarter 2021, according to oil and gas executives responding to the Dallas Fed Energy Survey.

What Might Inflation Look Like Next Year?

October 14, 2021

In our baseline scenario, core inflation is 2.6 percent in 2022. If this occurs, core inflation will have averaged 2.4 percent over the last five years, moderately above the Fed’s 2.0 percent inflation target.