Dallas Fed recent additions

• Texas posts job gains in August, bolstering outlook despite signs of slowing

  The Texas economic expansion continued in August despite some signs of slowing. Employment growth strengthened, rebounding from weakness in the prior two months.

  September 26, 2024

• The Contribution of Foreign Holdings of U.S. Treasury Securities to the U.S. Long-Term Interest Rate: An Empirical Investigation of the Impact of the Zero Lower Bound

  This paper finds empirical evidence of a possible structural break in the relationship between the foreign holdings of U.S. Treasury securities and the U.S. long-term interest rate occurring at the time when U.S. monetary policy became constrained at the zero-lower bound (ZLB).

  September 25, 2024

• Oil and gas activity edges lower as outlooks dim, uncertainty rises

  Activity in the oil and gas sector declined slightly in third quarter 2024, according to oil and gas executives responding to the Dallas Fed Energy Survey.

  September 25, 2024

• Dirty air from wildfires casts a cloud over household finances

  Using California's Camp Fire as a natural laboratory, this article examines the effects of both fire and smoke-related air pollution on household credit card spending and repayment.

  September 24, 2024

• Marriage Market Sorting in the U.S.

  This paper examines shifts in the U.S. marriage market, assessing how online dating, demographic changes and evolving societal norms influence mate choice and broader sorting trends.

  September 23, 2024

• Exchange Rate Determination Under Limits to CIP Arbitrage

  Recent theories of exchange rate determination have emphasized limited UIP arbitrage by international financial institutions. New regulations since 2008 have also led to imperfect CIP arbitrage. This paper shows that under limited CIP arbitrage the exchange rate and CIP deviation are jointly determined by equilibrium in the FX spot and swap markets.

  September 23, 2024

• Agricultural Survey

  Bankers responding to the third-quarter agricultural survey reported weaker conditions across most regions of the Eleventh District.

  September 23, 2024

• Texas Employment Forecast

  The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 1.9 to 2.5 percent.

  September 20, 2024

• Do Bill Shocks Induce Energy Efficiency Investments?

  This paper studies whether electricity bill shocks draw attention to the benefits of home energy efficiency investments.

  September 20, 2024

• Growth at Texas A&M means growth for College Station

  Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District. The tour is helping deepen her understanding of the region’s people and economy by adding color and perspective that go beyond official statistics.

  September 20, 2024