Dallas Fed Economics Archive
Analysis and insights to enhance your understanding of the economy
June 6, 2019
Evan F. Koenig
The actions of the Federal Open Market Committee (FOMC) can be explained by the committee’s pursuit of full employment and price stability.
June 4, 2019
Karel Mertens
Did the U.S. tax cuts boost economic activity in 2018? The answer is yes, at least according to the recent empirical literature on the macroeconomic effects of taxes.
May 30, 2019
Jim Dolmas and Evan F. Koenig
Compared with the usual ex-food-and-energy measure, the Dallas Fed’s Trimmed Mean PCE inflation rate sends a clearer, more reliable signal about whether cyclical inflation pressures are building.
May 28, 2019
Jim Dolmas and Evan F. Koenig
Twice since 2014, core personal consumption expenditures (PCE) inflation—inflation excluding food and energy—decelerated sharply, only to ultimately reverse course.
May 23, 2019
Jill Cetina and Alex Musatov
U.S. nonfinancial corporate credit has been identified as an area where growth in the quantity of debt and deterioration in the quality of underwriting could be a source of concern.
May 21, 2019
Michael D. Plante and Kunal Patel
The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years. The emergence of U.S. shale production seems to be playing a large role in anchoring long-term oil prices.
May 16, 2019
Keith R. Phillips and Alexander T. Abraham
The Bureau of Labor Statistics annually revises regional job estimates in a process called benchmarking. A Federal Reserve Bank of Dallas adjustment provides researchers a more current means of assessing Texas economic conditions.
May 14, 2019
Everett Grant and Julieta Yung
Machine learning has helped make music playlist recommendations, facilitated self-driving cars and even interpreted patients’ medical test results.
May 9, 2019
Jason Saving and Judy Teng
Texas economic activity expanded moderately in the first quarter after downshifting markedly in November and December.
May 7, 2019
Robert S. Kaplan
In his remarks given on May 3, 2019, at “Strategies for Monetary Policy: A Policy Conference” hosted by the Hoover Institution, President Rob Kaplan discusses some of the potential issues raised by recent weakness in headline and core inflation measures.