A comprehensive list of recently added postings on Dallasfed.org.
Why I’ll be cautious about further rate cuts
While the labor market has undeniably slowed, not all of the slowing represents economic slack, and inflation remains persistently above target.
September 30, 2025
Texas service sector activity falters amid increased uncertainty
Texas service sector activity contracted slightly in September, according to business executives responding to the Texas Service Sector Outlook Survey.
September 30, 2025
Central bank swaps offer dollar crisis lifeline to non-U.S. banks
Starting in late 2007, the Federal Reserve, in partnership with a few major foreign central banks, began offering central bank dollar liquidity swap lines as an important liquidity backstop.
September 30, 2025
Special Questions
The Dallas Fed asked a series of special questions in the Texas Business Outlook Surveys on wages, prices, outlook concerns, tax reform and remote work.
September 29, 2025
Texas Manufacturing Outlook Survey
Texas factory activity continued to expand in September, albeit at a slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey.
September 29, 2025
Banking Conditions Survey
Loan volume and demand increased in September. Credit tightening continued, but loan pricing declined.
September 29, 2025
China expands Mexico investment but notably lags U.S., other G7 economies
China has been the fastest growing source of foreign direct investment (FDI) to Mexico in recent years. Chinese investment has also become a prominent issue in U.S.-Mexico economic relations. However, this FDI remains small compared with U.S. investment in Mexico.
September 26, 2025
Trimmed Mean PCE inflation rate
The Trimmed Mean PCE inflation rate over the 12 months ending in August was 2.75 percent. According to the BEA, the overall PCE inflation rate was 2.74 percent on a 12-month basis, and the inflation rate for PCE excluding food and energy was 2.91 percent on a 12-month basis.
September 26, 2025
El Paso Economic Indicators
Employment in El Paso contracted in August and the unemployment rate ticked up. Single-family housing permits continued to fall, while trade volumes continued to trend upward.
September 26, 2025
The case for modernizing the FOMC’s operating target rate
The time has come for the FOMC to prepare to target a different short-term interest rate. A repo rate would provide a more robust target than the current fed funds target.
September 25, 2025