A comprehensive list of recently added postings on Dallasfed.org.
DFW Economic Indicators, February 2025
The Dallas−Fort Worth economy expanded in February. Employment grew at a solid pace, and unemployment remained steady.
April 15, 2025
Monetary policy implementation and the consolidated government balance sheet
This essay examines the trade-offs between different monetary policy implementation methods through the lens of the consolidated government balance sheet and income statement
April 15, 2025
Austin Economic Indicators, April 2025
Austin employment slowed in February, and the unemployment rate ticked up. Austin’s high-tech sector has grown faster than the nation’s high-tech employment.
April 10, 2025
Welcome remarks for the Outlook for North American Trade and Immigration conference
This conversation comes at a pivotal time as governments adjust trade, immigration and other policies.
April 10, 2025
Tempting FAIT: Flexible Average Inflation Targeting and the Post-COVID U.S. Inflation Surge
In August 2020, the Federal Reserve replaced Flexible Inflation Targeting (FIT) with Flexible Average Inflation Targeting (FAIT), introducing make-up strategies that allow inflation to temporarily exceed the 2% target. Using a synthetic control approach, this paper estimates that FAIT raised CPI inflation by about 1 percentage point and core CPI inflation by 0.5 percentage points, suggesting a moderate impact net of food and energy and a largely temporary effect. The findings are consistent with the hypothesis of a steeper-than-expected post-pandemic Phillips curve in the New Keynesian model.
April 9, 2025
El Paso Economic Indicators, April 2025
Employment in El Paso grew in February, and the unemployment rate was unchanged. Meanwhile, year-over-year wage growth in the metro area was faster than the state.
April 7, 2025
Bankers report sharp slowdown in loan growth, loan demand
Loan volume and demand growth decelerated sharply in March. Credit tightening continued, but loan pricing declined.
April 7, 2025
San Antonio Economic Indicators, April 2025
San Antonio payrolls and wages grew in February. Retail sales tax revenue fell sharply after rising in January, and unemployment ticked up.
April 4, 2025
Living Up to Expectations: The Effectiveness of Forward Guidance and Inflation Dynamics Post-Global Financial Crisis
This paper studies the effectiveness of forward guidance when central banks face private agents with heterogeneous expectations allowing for a degree of bounded rationality.
April 3, 2025
Texas Economic Indicators, February 2025
The Texas economy expanded in February. Employment growth was solid, and sales tax revenue increased broadly.
April 3, 2025