Dallas Fed Economics Archive
Analysis and insights to enhance your understanding of the economy
June 27, 2019
Robert S. Kaplan
One factor being increasingly discussed at the Dallas Fed is the impact of climate change on the Eleventh District, says Dallas Fed President Rob Kaplan. In particular, severe weather events can have a substantial human and economic cost to the district.
June 27, 2019
Stephanie Gullo and Anil Kumar
The region’s moderate expansion continues, despite a weakening outlook. Job gains were solid in May, with most industries and major metros adding to payrolls, and labor markets remaining historically tight.
June 25, 2019
Tyler Atkinson
Economists and consumers likely think of different concepts when they consider inflation. Economists typically focus on the underlying trend that monetary policy can steer. U.S. consumers appear to think instead about unpredictable changes in prices most relevant to their regular decision-making.
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.