A comprehensive list of recently added postings on Dallasfed.org.
Houston Economic Indicators
Houston has gained 22,600 jobs so far in 2023, and overall employment growth is above trend. Construction has seen declines, but other sectors are posting relatively strong job growth.
June 1, 2023
District banks meet challenging times from position of strength
Texas banks confront an increasingly challenging operating environment, as the state’s usually strong economic growth is predicted to slow later this year and the Federal Reserve’s rapidly rising interest rate environment pressures some institutions’ profitability.
June 1, 2023
Eleventh District Beige Book
The Eleventh District economy continued to expand modestly. Manufacturing output was flat while revenue in the service and retail sectors grew. Energy reports were mixed with oilfield activity steady, but declines seen on the natural gas side.
May 31, 2023
Texas service sector growth holds steady in May; price and wage pressures ease
Growth in Texas service sector activity continued in May, according to business executives responding to the Texas Service Sector Outlook Survey.
May 31, 2023
Dallas-Fort Worth Economic Indicators
The Dallas–Fort Worth economy expanded modestly in March. Job growth slowed, and unemployment ticked up. Activity in the office market stayed weak, while demand for industrial space remained solid.
May 30, 2023
Texas Manufacturing Outlook Survey
Texas factory activity remained relatively flat in May, according to business executives responding to the Texas Manufacturing Outlook Survey.
May 30, 2023
The connection between banking and sovereign debt crises
Dallas Fed economist Sewon Hur examines how sovereign debt crises can amplify banking problems.
May 30, 2023
Behind the numbers: PCE inflation update, April 2023
The headline, or all-items, PCE price index rose an annualized 4.5 percent in April after increasing an annualized 1.2 percent in March.
May 26, 2023
El Paso Economic Indicators
El Paso’s economy experienced strong growth in April. Payrolls expanded across most sectors, the business-cycle index edged up, and unemployment fell.
May 26, 2023
Money Matters: Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. This paper finds that the demand for more theoretically-based Divisia aggregates can be modeled and that their growth rates provide useful information for future nominal GDP growth.
May 25, 2023