A comprehensive list of recently added postings on Dallasfed.org.
Texas Manufacturing Outlook Survey
Growth in Texas factory activity abated in August, according to business executives responding to the Texas Manufacturing Outlook Survey.
August 29, 2022
Behind the Numbers: PCE Inflation Update, July 2022
The headline, or all-items, PCE price index fell an annualized 0.8 percent in July after increasing an annualized 12.2 percent in June.
August 26, 2022
Are Equity Option Returns Abnormal? IPCA Says No
This paper shows that much of the profitability in equity option return strategies, which try to capture option mispricing by taking exposure to underlying volatility, can be explained by an IPCA model.
August 26, 2022
San Antonio Economic Indicators
Overall economic activity in San Antonio remained positive in July. The business-cycle index continued to expand as wages increased, dining out activity stayed above prepandemic levels, and job growth remained solid.
August 25, 2022
Texas Economic Indicators
The Texas economy continued to expand in July, with broad based growth in payrolls. Job openings remained elevated, and the unemployment rate ticked down.
August 24, 2022
El Paso Economic Indicators
El Paso continued to experience strong economic growth in July. The metro’s business-cycle index rose, unemployment remained low, U.S. auto production and sales increased, and the labor market finally recovered the jobs lost due to the pandemic.
August 24, 2022
Vaccines were key to curbing COVID-19 in Europe; other measures also useful
Vaccine uptake was the most important factor in reducing effective transmission rates in 2021, though the other factors helped bring infections under control.
August 23, 2022
Interest Rate Surprises: A Tale of Two Shocks
Interest rate surprises around FOMC announcements reveal both the surprise in the monetary policy stance (the pure policy shock) and interest rate movements driven by exogenous information about the economy from the central bank (the information shock). In order to disentangle the effects of these two shocks, this paper uses interest rate changes on days of macroeconomic data releases.
August 22, 2022
Banking Conditions Survey
Loan demand continued to increase but at a markedly slower pace than what has been seen over the last 18 months.
August 22, 2022
Mexico’s economy grows for third straight quarter; outlook improves
Mexico’s real GDP grew an annualized 4.1 percent in second quarter 2022, identical to the first quarter’s revised 4.1 percent growth and above analysts’ expectations of 3.2 percent.
August 22, 2022