May 24, 2022
W. Scott Frame, Steven Manning and Joseph Tracy
The Federal Reserve responded to the onset of the COVID-19 pandemic with several liquidity facilities to ensure a continuing flow of credit to households and businesses. The TALF, which financed highly rated asset-backed securities, proved especially important to supporting commercial real estate finance.
May 17, 2022
Jarod Coulter and Enrique Martínez García
The conflict may alter the global economic and geopolitical order, leading to a new era of deglobalization.
May 12, 2022
Anil Kumar and Juliette Coia
Texas employment growth eased in March, though it remained steady in the first quarter and exceeded U.S. job growth.
May 10, 2022
Garrett Golding and Lutz Kilian
While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.
April 19, 2022
Lutz Kilian, Michael Plante and Kunal Patel
Assuming that the group increases production at the same pace it has in recent months, only a handful of countries in OPEC+ will have spare capacity left by the start of the summer, a number that will dwindle as year-end approaches.
April 14, 2022
Jill Cetina, Matthew McCormick and Pon Sagnanert
While volatility in commodity markets is not unusual, rapid and correlated price increases across many different types of commodities at once is much rarer.
April 12, 2022
Sung Je Byun and Joe Kneip
A vigorous risk management program can mitigate potential problems facing banks and nonbank financial institutions engaged in financing these facilities—whether as agents, loan participants or direct lenders.
April 5, 2022
Scott Davis
Improvements in Federal Reserve credibility over the last 40 years have ensured that inflation expectations, particularly long-term inflation expectations, have so far remained well-anchored despite surging current inflation.
March 29, 2022
Jarod Coulter, Valerie Grossman, Enrique Martínez García, Peter C.B. Phillips and Shuping Shi
There is growing cause for concern that U.S. house prices are again becoming unhinged from fundamentals.
March 24, 2022
Jesus Cañas and James Lee
The Texas economy, paced by expansion within the service sector, grew strongly in February as the impact of the omicron variant of COVID-19 faded.