A comprehensive list of recently added postings on Dallasfed.org.
Mexico awaits ‘nearshoring’ shift as China boosts its direct investment
When it comes to trading goods with the United States, Mexico would appear a logical sourcing alternative to China. Before the pandemic, increasing friction between the U.S. and China—the top supplier of goods imports to the U.S. in 2019—contributed to an anticipated “nearshoring” shift among companies dependent on Asia.
April 14, 2023
Revisiting the Great Ratios Hypothesis
Using a new system pooled mean group estimator and a dataset spanning almost one and a half centuries and 17 countries, this paper finds support for five out of the seven great ratios considered.
April 14, 2023
Energy Indicators, April 12
The prices of many global energy products have come down since the start of the year. Global refined crude throughput has increased in the past year and is expected to continue to rise.
April 12, 2023
COVID-era eviction moratoriums improved financial well-being … while they lasted
This analysis leverages new eviction and credit data from Dallas County, Texas, to explore the impact of the moratoriums and to examine trends that surfaced once the moratoriums ended.
April 11, 2023
Austin Economic Indicators, April 2023
Austin’s economy showed signs of cooling in February as unemployment ticked up, layoffs rose and employment sectors broadly declined.
April 6, 2023
Houston Economic Indicators, April 2023
Houston’s service sector posted strong growth from December 2022 to February 2023, while the goods sector showed signs of slowing. Home prices, sales and inventories pointed to some cooling in the Houston housing market.
April 6, 2023
Mexico’s economic growth continues, inflation moderates
Mexico’s proxy for monthly GDP growth averaged a 0.4 percent increase in the first two months of 2023. Nevertheless, the economy is expected to slow considerably this year because tight monetary conditions will likely weaken domestic demand and slower U.S. growth will affect Mexican manufacturing exports.
April 4, 2023
Dallas-Fort Worth Economic Indicators, April 2023
The Dallas–Fort Worth economy continued to expand in February. Payrolls grew, albeit at a slower pace than January, and unemployment increased.
April 4, 2023
Interest rate volatility contributed to higher mortgage rates in 2022
The Federal Reserve aggressively tightened monetary policy in 2022, responding to high and persistent inflation. The resulting borrowing cost increase for households and firms was generally anticipated. However, fixed-rate mortgage interest rates were especially sensitive to the policy regime change.
April 4, 2023
Banking Conditions Survey, March 2023
Loan demand declined for the fifth period in a row as bankers in the March survey reported worsening business activity.
April 3, 2023