Dallas Fed recent additions
A comprehensive list of recently added postings on Dallasfed.org.
High-Yield Debt Covenants and Their Real Effects
Contrary to the prevailing belief that incurrence covenants offer limited protection for creditors, this paper reveals a significant and sudden decline in investment upon triggering these covenants.
August 22, 2023
Policy impact of unexpected Fed rate movements blurred by key information cues
Unexpected Federal Reserve monetary policy moves can profoundly affect market participants, investors and the economy. The impact of policy stems not only from its direct effects—the traditional focus for economists—but also from the new information revealed about the Fed’s economic outlook.
August 22, 2023
Permian Basin Economic Indicators
Employment in the Permian Basin in the second quarter increased while wages remained stable. Oil prices fell as production reached a new high, but the rig count declined. Home prices in Midland–Odessa increased, and sales dropped dramatically.
August 21, 2023
Banking Conditions Survey
Loan demand declined for the eighth period in a row, though the rate of decline eased somewhat.
August 21, 2023
Texas Employment Forecast
The Texas Employment Forecast indicates that jobs will increase 3.0 percent in 2023, with an 80 percent confidence band of 2.6 to 3.4 percent.
August 18, 2023
Energy Indicators
The annual U.S. Energy and Employment Report (USEER) from the Department of Energy shows solar dominated electricity generation employment in 2022 and petroleum lead fuels employment.
August 16, 2023
Location, location, location: Mortgage rate impact varies by metro
The role of individual housing markets and their sensitivity to mortgage rate changes play an important part in understanding the impact of higher rates.
August 15, 2023
Southern New Mexico Economic Indicators
The Las Cruces economy grew moderately in the second quarter. Total nonfarm employment increased, but unemployment edged up.
August 10, 2023
Trade boom tests Laredo’s border
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District to deepen her understanding of the region’s people and economy.
August 10, 2023
Mexico’s economic momentum continues in second quarter
Mexico’s GDP grew an annualized 3.6 percent in the second quarter, a slight deceleration from the previous quarter’s growth of 4.1 percent, but above analysts’ expectations of 3.4 percent.
August 9, 2023