U.S. Economy
Stay informed with our analysis on the United States economy
Economic data
Trimmed Mean PCE
The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for personal consumption expenditures (PCE).
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Weekly Economic Index
The WEI is an index of 10 daily and weekly indicators of real economic activity, scaled to align with the four-quarter GDP growth rate.
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Market value of U.S. government debt
Par and market values are reported for gross federal debt, privately held gross federal debt and marketable Treasury debt.
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U.S. economic data
List of all U.S. data produced by the Dallas Fed.
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Discover articles and papers from our research team
Working papers and research
The Impact of the 2022 Oil Embargo and Price Cap on Russian Oil Prices
This paper documents the effect of the oil embargo and price cap on Russian oil exports in the wake of the Russian invasion of Ukraine in February 2022.
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Investing in the Batteries and Vehicles of the Future: A View Through the Stock Market
A large number of companies operating in the EV and battery supply chain have listed on a U.S. stock exchange in recent years. This paper compiles a unique data set of high-frequency stock returns for those companies and investigates the extent to which an “industry” factor specific to the EV and battery supply chain (an “EV” factor) can explain their returns.
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A Narrative Analysis of Federal Appropriations for Research and Development
This paper provides a narrative analysis of postwar federal appropriations for the research and development (R&D) activities of the Department of Defense, Department of Energy, National Aeronautics and Space Administration, National Institutes of Health and National Science Foundation—five agencies that consistently account for the vast majority of federal outlays for all types of R&D.
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Deposit Convexity, Monetary Policy and Financial Stability
Banks and researchers conventionally model the response of deposit interest rates to market interest rates as constant, implying that deposits have nearly constant duration. Contrary to this standard assumption, this paper shows empirically that the “beta” of deposit rates to market rates increases as market rates rise, causing the duration of deposits to fall.
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Marriage and Work Among Prime-Age Men
Married men work substantially more hours than men who have never been married, even after controlling for observables. Panel data reveal that much of this gap is attributable to an increase in work in the years leading up to marriage.
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Oil Price Shocks and Inflation
Despite growing interest in the impact of oil and other energy price shocks on inflation and inflation expectations, until recently this question has not received much attention. This survey not only presents empirical results for the U.S. economy, but expands the analysis to include other major economies.
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Explore the national economy
Texas firms open to AI as tariff work-around strategy
Firms are adopting AI and automation to offset rising tariff costs and shrinking margins, aiming to boost productivity and reduce labor needs amid economic challenges.
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How sensitive is the Treasury cash-futures basis trade to funding condition shifts?
In Depth: The Treasury cash-futures basis trade, a very large, leveraged Treasury trade, has drawn scrutiny because unwinding positions amplified stress during the pandemic-era market shock of March 2020. Although the trade has since become more prominent, recent market activity suggest that financial stability concerns have not simultaneously grown.
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