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
Fast-growing Texas metros offer blueprint to handle U.S. housing shortage
Cullum Clark, director of the Bush Institute–SMU Economic Growth Initiative and an adjunct professor of economics at Southern Methodist University, discusses his recent report, “Build Homes, Expand Opportunity: Lessons from America’s Fastest-Growing Cities.”
Texas economy cools as concerns about tariffs, uncertainty persist
The Texas economy appears to be cooling following an upturn during the summer. The TBOS headline indexes of manufacturing production and services revenue weakened in September and October, following a brief late -summer rebound.
Overflowing U.S. shale gas increasingly streams to Mexico and onto global markets
Huge volumes of imported shale gas from the United States have provided the ample supply for Mexico’s growing energy needs, keeping power prices down for industries and households.
Immigration crackdown likely contributing to weak Texas job growth
Findings from the Dallas Fed Texas Business Outlook Surveys (TBOS) suggest immigration policy changes will negatively affect the ability to hire and retain foreign-born workers at one in five Texas businesses this year.
Texas learns lessons from for-profit alternative teacher certification
Dallas Fed economist Christa Deneault discusses her research examining how teaching certifications earned from for-profit providers stack up against those earned through more conventional means.
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.
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.
How to Construct Monthly VAR Proxies Based on Daily Futures Market Surprises
This paper provides a new approach to constructing monthly proxies from daily surprises that takes account of the link between daily and average monthly price data and revisits the question of how to use OPEC announcements to identify news shocks in VAR models of the global oil market.
