A comprehensive list of recently added postings on Dallasfed.org.
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 adopted Flexible Average Inflation Targeting (FAIT), permitting inflation to temporarily exceed the 2% target. Using synthetic control methods, this paper estimates that FAIT raised headline CPI inflation by 1 percentage point and core CPI by 0.5 percentage points, relative to a no-FAIT-adoption counterfactual, with short-lived effects concentrated during the 2021 inflation surge.
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
Texas economic outlook downbeat as uncertainty increases
The Texas economy grew slightly below trend through the first quarter of 2025. While job growth appears just off its long-term annual trend rate of about 2.1 percent, the Dallas Fed Texas Business Outlook Surveys (TBOS) point to slowing activity in both the services and manufacturing sectors.
April 3, 2025
Growth decelerates in Texas service sector as company outlooks worsen
Texas service sector activity stalled in March, according to business executives responding to the Texas Service Sector Outlook Survey.
April 1, 2025