Research and analysis of economic trends and developments
May 13, 2025
Enrique Martínez García and Michael Sposi
In Depth: U.S. tariff policy has historically shifted among competing goals: providing revenue, protecting domestic markets and opening foreign markets to domestic producers. These goals are unlikely to be achieved simultaneously.
April 22, 2025
The cyclicality of industries and their behavior provide early indications of economic turning points in Texas and the U.S. and provide a timelier view than other data that are widely used to confirm downturns and expansions.
April 15, 2025
Sam Schulhofer-Wohl
This essay examines the trade-offs between different monetary policy implementation methods through the lens of the consolidated government balance sheet and income statement
April 3, 2025
Jesus Cañas and Diego Morales-Burnett
The Texas economy grew slightly below trend through the first quarter of 2025. While job growth appears just off its long-term annual trend rate of about 2.1 percent, the Dallas Fed Texas Business Outlook Surveys (TBOS) point to slowing activity in both the services and manufacturing sectors.
April 1, 2025
Alexander Chudik and Ron Mau
The U.S. has enjoyed strong payroll job gains in the past couple of years despite generally restrictive monetary policy. The sectoral composition of employment reveals job growth has been concentrated in areas that are the least sensitive to national employment fluctuations over the business cycle.
March 25, 2025
Isabel Dhillon and Pia Orrenius
While experiencing exceptional economic growth over the past decade, data show that Texas is last or lagging the nation in several key areas.
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Dallas Fed Economics
