A comprehensive list of recently added postings on Dallasfed.org.
Dallas-Fort Worth Economic Indicators, July 5, 2023
The Dallas–Fort Worth economy expanded in May. Employment growth continued but slowed from April’s brisk pace.
July 5, 2023
Gazing at r-star: Gauging U.S. monetary policy via the natural rate of interest
While estimating r-star is fraught with difficulty, the latest evidence suggests U.S. monetary policy likely turned restrictive at the start of 2023, after the Federal Reserve started raising rates in March 2022.
July 3, 2023
Agricultural Survey, Second Quarter 2023
Bankers responding to the second-quarter survey reported overall better conditions across most regions of the Eleventh District.
July 3, 2023
PCE inflation update
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.
June 30, 2023
Mexico’s economic growth continues; outlook improves, inflation moderates further
Mexico’s proxy for monthly GDP grew an annualized 5.4 percent in April 2023, an acceleration from revised first-quarter growth of 4.1 percent.
June 28, 2023
Houston Economic Indicators, June 28, 2023
Houston employment grew 2.4 percent in the three months ending in May—slower growth than both the state’s and the nation’s. Houston’s construction sector has not rebounded to prepandemic levels and lags Texas and the U.S.
June 28, 2023
Growth slows in Texas service sector
Growth in Texas service sector activity slowed in June, according to business executives responding to the Texas Service Sector Outlook Survey.
June 27, 2023
Treasuries’ allure as safe haven noted in short maturities, not in long bonds
The United States has a large negative net-foreign-asset position, especially in safe assets. In times of crisis, U.S. government debt, especially short-term Treasuries, are viewed as a safe haven. As a result, the U.S. is a net debtor. It is more leveraged and tends to hold more risky assets (mostly equities) and finance those positions by selling safe-asset debt to the rest of the world.
June 27, 2023
Texas Economic Indicators, June 2023
The Texas economy expanded further in May. Payrolls rose in most sectors, and jobless claims fell in mid-June.
June 26, 2023
Banking Conditions Survey, June 2023
Loan demand declined for the seventh period in a row, and most bankers expect a further deterioration over the next six months.
June 26, 2023