The Dallas Fed studies economic conditions in the Eleventh Federal Reserve District to help inform the Fed’s monetary policy decisions at the national level. We share what we learn for public use.
Our resources include data, research and analysis for the entire district and for individual states, regions, metros and sectors.
Read a summary of anecdotal information on current economic conditions in the district. This regular Federal Reserve report is published eight times a year.
Dive into our survey reports to explore real-world insights from business leaders across the region. We gather their input to inform economic analysis and monetary policymaking.
Gain insights on local communities and how they’re working to build a strong economy in our region. Dallas Fed President Lorie Logan conducts an ongoing listening tour in the district and shares highlights from her tour stops.
View recent data and updates or visit our Energy homepage for additional resources.
Mexico and border region
Find economic updates, perspectives and research on the U.S.–Mexico relationship.
Southwest Economy
Texas’ economic outlook deteriorates as tariff-related uncertainty builds
While lagging indicators reflect resilient growth for the Texas economy, more recent survey data suggest diminished momentum amid elevated uncertainty about the outlook.
Waco building on ‘Fixer Upper,’ Baylor notoriety to reinvent itself
Malcolm Duncan, whose tenure as Waco mayor coincided with the city’s emergence as a destination and area economic hub, discusses how the city has changed and where its future fortunes and challenges lie.
Water restrictions, conservation a 24/7 routine in Abilene and the Big Country
Steve Estes, the Texas A&M AgriLife Extension Service agent for Taylor County, offers his perspective on how ranchers, farmers and city dwellers can collectively work to ensure that the area makes the best decisions regarding precious water resources
Shoring up water supply, curbing demand key to Texas’ future growth
Funding for water infrastructure improvements has emerged as a priority for the Legislature during its 2025 legislative session. Absent changes to policy, Texans could face significant water shortages during droughts and constraints on future growth and economic development.
New Mexico fuels U.S. crude oil output, funding for local programs
New Mexico has become a U.S. leader in energy production over the past five years, drawing on Permian Basin reserves in the southeastern corner of the state. Oil and gas proceeds fund an increasing share of state government, most notably involving education programs.
Ray Perryman, principal of Waco-based The Perryman Group, has been an observer of the Texas economy for more than four decades. He offers his views of what has propelled Texas since the 1980s oil bust and the state’s future prospects, and he recounts how he grew his economics firm.
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.
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.
This paper examines the ability of the state-of-the-art VAR approach in Kurmann and Sims (2021) to identify responses to TFP news shocks and possibly surprise shocks in theory and practice.
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.
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.
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.
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.
Contrary to the prevailing belief that incurrence covenants offer limited protection for creditors, this paper reveals a significant and sudden decline in investment upon triggering these covenants.
