Headlines - Federal Reserve Bank of Dallas The Federal Reserve Bank of Dallas serves the public by contributing to national monetary policy, supervising and regulating financial institutions, and helping maintain a strong payments system. http://www.dallasfed.org/rss/ en-us http://www.dallasfed.org/ Dallas Fed Logo http://www.dallasfed.org/~/media/Images/img/logo_gray http://www.dallasfed.org/rss/ Changes in Labor Force Participation Help Explain Recent Job Gains https://www.dallasfed.org:443/research/economics/2019/0219 Tue, 19 Feb 2019 08:00:00 EST The U.S. labor force participation rate declined following the Great Recession to a low of 62.3 percent in 2015. Dallas Fed Energy Survey Suggests Oil Price Drop Won’t Cause Sector Collapse in 2019 https://www.dallasfed.org:443/research/economics/2019/0214 Thu, 14 Feb 2019 08:00:00 EST Following a banner year in 2018, will U.S. oil producers retrench and reduce capital spending after the recent double-digit oil price decline? The latest Dallas Fed Energy Survey provides some clues about what may be next. Closer to One Great Pool? Evidence from Structural Breaks in Oil Price Differentials https://www.dallasfed.org:443/research/papers/2019/wp1901 Wed, 13 Feb 2019 15:27:00 EST We show that the oil market has become closer to “one great pool,” in the sense that price differentials between crude oils of different qualities have generally become smaller over time. Inverted Yield Curve (Nearly Always) Signals Tight Monetary Policy, Rising Unemployment https://www.dallasfed.org:443/research/economics/2019/0212 Tue, 12 Feb 2019 08:00:00 EST With long-term interest rates falling and short-term rates rising, there has been increasing talk of a possible yield-curve inversion and speculation about what an inversion might mean for the U.S. economy. Mexico's Output Growth Slows in the Fourth Quarter https://www.dallasfed.org:443/research/update/mex/2019/1901 Fri, 08 Feb 2019 11:40:00 EST Mexico’s economy grew an annualized 1.2 percent in fourth quarter 2018 after expanding 3.4 percent in the third quarter. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2019/aus1902 Thu, 07 Feb 2019 15:02:00 EST The Austin economy expanded at a healthy pace in December. The Austin Business-Cycle Index accelerated and remained above its long-term trend. Global Perspectives: Maya MacGuineas on Stabilizing the Federal Debt https://www.dallasfed.org:443/research/economics/2019/0207 Thu, 07 Feb 2019 15:00:00 EST A good measure of a nation’s ability to repay its obligations is the ratio of the stock of indebtedness to the flow of output produced in a given year. In recent years, this ratio has increased for the U.S. government, raising new questions about how the nation manages a debt burden that is approaching an all-time high. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2019/en1902 Tue, 05 Feb 2019 14:59:00 EST Crude oil prices rebounded somewhat in January from end-of-year levels, but the rig count slipped on earlier price declines. Growth in Texas Economy Downshifts https://www.dallasfed.org:443/research/update/reg/2019/1901 Fri, 01 Feb 2019 12:43:00 EST The Texas economy experienced another downshift in growth over the last two months, although the level of activity remains strong. Texas Service Sector Activity Picks Up https://www.dallasfed.org:443/research/surveys/tssos/2019/1901 Tue, 29 Jan 2019 09:30:00 EST Texas service sector activity grew at a faster pace in January, according to business executives responding to the Texas Service Sector Outlook Survey. Texas Manufacturing Outlook Survey https://www.dallasfed.org:443/research/surveys/tmos/2019/1901 Mon, 28 Jan 2019 09:30:00 EST Texas factory activity continued to expand in January, according to business executives responding to the Texas Manufacturing Outlook Survey. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2019/hou1902 Mon, 28 Jan 2019 15:47:00 EST Growth in Houston leading and coincident economic indicators weakened in December. Job growth slowed, but the local labor force expanded. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2019/ep1902 Fri, 25 Jan 2019 13:21:00 EST El Paso jobs grew 1.5 percent in 2018, on pace with the metro’s long-term average. Steady job gains have boosted the business-cycle index. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2019/dfw1901 Thu, 24 Jan 2019 12:05:00 EST The Dallas–Fort Worth economy ended 2018 on a solid note. Employment growth was robust in December, with DFW adding jobs at its fastest pace in 13 months, and unemployment remained near multiyear lows. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2019/sa1902 Thu, 24 Jan 2019 13:53:00 EST Growth in the San Antonio economy was soft in December. The San Antonio Business-Cycle Index decelerated, and the unemployment rate increased. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2019/tei1901 Tue, 22 Jan 2019 15:48:00 EST Texas economic indicators were mixed in December. The state finished 2018 with strong job growth and continued labor market tightness, but forward-looking indicators suggest that the state’s economic outlook has softened. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2019/en1901 Thu, 17 Jan 2019 16:43:00 EST Oil sector growth cooled at the end of 2018, and lower oil prices eroded expectations for capital spending in 2019. Crossroads—Economic Trends in the Desert Southwest https://www.dallasfed.org:443/research/crossroads Wed, 16 Jan 2019 20:04:00 EST Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2019/aus1901 Thu, 10 Jan 2019 14:56:00 EST The Austin economy grew at a strong pace in November. The Austin Business-Cycle Index expanded and remained above its long-term trend. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2019/hou1901 Wed, 09 Jan 2019 13:43:00 EST Houston employment and the business-cycle index continue to register healthy growth, and drilling activity has flattened at a high level. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2019/sa1901 Fri, 04 Jan 2019 10:24:00 EST Growth in the San Antonio economy was moderate in November. The San Antonio Business-Cycle Index continued to accelerate, and the unemployment rate was unchanged. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2019/ep1901 Thu, 03 Jan 2019 11:41:00 EST El Paso payrolls fell in November, but year-to-date employment growth remains near its long-term average of 1.5 percent. Dallas Fed Energy Survey https://www.dallasfed.org:443/research/surveys/des/2018/1804 Thu, 03 Jan 2019 09:30:00 EST Growth in energy sector activity slowed significantly in fourth quarter 2018, according to oil and gas executives responding to the Dallas Fed Energy Survey. Texas Service Sector Activity Decelerates https://www.dallasfed.org:443/research/surveys/tssos/2018/1812 Wed, 02 Jan 2019 09:30:00 EST Texas service sector activity grew at a slower pace in December, according to business executives responding to the Texas Service Sector Outlook Survey. Agricultural Survey https://www.dallasfed.org:443/research/surveys/agsurvey/2018/ag1804 Wed, 02 Jan 2019 15:45:00 EST Bankers responding to the fourth-quarter survey reported improved conditions across most regions of the Eleventh District. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1812 Mon, 31 Dec 2018 12:58:00 EST The Dallas–Fort Worth economy expanded at a modest pace. Employment growth was subdued in November, with DFW adding jobs at the slowest pace in seven months. Argentina’s “Missing Capital” Puzzle and Limited Commitment Constraints https://www.dallasfed.org:443/research/papers/2018/wp1815 Fri, 28 Dec 2018 13:00:00 EST Capital accumulation in Argentina was slow in the 1990s, despite high total factor productivity (TFP) growth and low international interest rates. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1812 Thu, 27 Dec 2018 11:57:00 EST Texas economic growth moderated in November. The state added jobs at a softer pace, with employment declining in some metros and industries. Healthy Texas Expansion Beginning to Slow https://www.dallasfed.org:443/research/update/reg/2018/1808 Wed, 26 Dec 2018 10:50:00 EST The Texas economy continues to grow at a solid but slightly slower pace, with job growth broad based across industries and regions. U.S. Economy Finishes the Year Strong https://www.dallasfed.org:443/research/update/us/2018/1808 Mon, 24 Dec 2018 11:49:00 EST The U.S. economy continued its expansion in the fourth quarter, fueled in part by strong consumption and rising wage growth. Inflation remained at or around the Federal Reserve’s 2 percent target. Mexico's 2019 Growth Outlook Revised Down https://www.dallasfed.org:443/research/update/mex/2018/1808 Mon, 24 Dec 2018 09:00:00 EST Mexico’s economy has grown 2.4 percent this year through the third quarter. Behind the Numbers: PCE Inflation Update, November 2018 https://www.dallasfed.org:443/research/pce/2018/pce1811 Fri, 21 Dec 2018 14:50:00 EST The headline, or all-items, PCE price index rose 0.7 percent at an annualized rate in November, following a 2.4 percent annualized increase a month earlier. Trimmed Mean PCE Inflation Rate https://www.dallasfed.org:443/research/pce Fri, 21 Dec 2018 12:02:00 EST The Trimmed Mean PCE inflation rate for November was an annualized 2.4 percent. According to the BEA, the overall PCE inflation rate for November was 0.7 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.8 percent. Spotlight: Texas Pre-K Enrollment Exceeds U.S. Rate https://www.dallasfed.org:443/research/swe/2018/swe1804e Thu, 20 Dec 2018 15:30:00 EST Texas since 1985 has required public school districts to offer half-day prekindergarten to 4-year-olds who meet certain criteria—and schools may extend enrollment to 3-year-olds. During the 2016–17 school year, 49.4 percent of Texas 4-year-olds were enrolled in state-backed pre-K programs, compared with 32.7 percent nationally. Mexico’s Nascent Fintech Offers Promise, Faces New Rules https://www.dallasfed.org:443/research/swe/2018/swe1804c Thu, 20 Dec 2018 15:40:00 EST The number of financial technology startups in Mexico has rapidly increased, promising to expand financial services to a large portion of the unbanked population. Officials are hopeful new regulations will aid the industry's development. Artificial Intelligence Will Dramatically Affect Businesses https://www.dallasfed.org:443/research/swe/2018/swe1804d Thu, 20 Dec 2018 15:35:00 EST Manoj Saxena discusses artificial intelligence, its influence on how a business remains competitive and its impact on society. President's Perspective https://www.dallasfed.org:443/research/swe/2018/swe1804a Thu, 20 Dec 2018 15:50:00 EST One important driver of Texas economic growth has been the migration of people and firms to the state. Small Business Credit Survey: Report on Employer Firms in Texas https://www.dallasfed.org:443/cd/pubs/sbcs Fri, 14 Dec 2018 16:30:00 EST Drawing on a national survey of small business owners, this report examines financial conditions and credit needs of employer firms in Texas. Promising Telehealth Initiatives Highlight the Need to Close Digital Divide https://www.dallasfed.org:443/cd/pubs/telehealth Fri, 14 Dec 2018 17:00:00 EST These five case studies examine how access to telehealth can address health disparities in underserved urban and rural communities. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1811 Fri, 07 Dec 2018 09:20:00 EST Oil prices tumbled in November due to the United States' Iran policy, surging U.S. production, rising inventories and concerns about the global demand outlook. Reserve Adequacy Explains Emerging-Market Sensitivity to U.S. Monetary Policy https://www.dallasfed.org:443/research/eclett/2018/el1809 Fri, 07 Dec 2018 13:29:00 EST Emerging economies that borrow in U.S. dollars are sensitive to U.S. monetary policy due to changing exchange rates. Labor Market Not Overly Tight, Demographically Adjusted Measure Shows https://www.dallasfed.org:443/research/eclett/2018/el1810 Fri, 07 Dec 2018 13:50:00 EST Elevated inflation traditionally accompanies prolonged low unemployment rates, such as those currently observed in the U.S. However, price pressures have remained comparatively restrained, prompting further examination. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1812 Thu, 06 Dec 2018 13:57:00 EST The Austin economy expanded at a strong pace in October. The Austin Business-Cycle Index accelerated and continued above its long-term trend. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm/2018/snm1804 Mon, 03 Dec 2018 16:14:00 EST New Mexico employment is steadily expanding, while Las Cruces jobs remained stagnant in the third quarter and year to date. Gross domestic product (GDP) for the Las Cruces metro posted slower growth in 2017 than in previous years. Behind the Numbers: PCE Inflation Update, October 2018 https://www.dallasfed.org:443/research/pce/2018/pce1810 Thu, 29 Nov 2018 15:39:00 EST The headline, or all-items, PCE price index rose 2.2 percent at an annualized rate in October, following a 1.5 percent annualized increase a month earlier. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1811 Thu, 29 Nov 2018 17:25:00 EST El Paso's economy continued to expand in October. Existing-home sales remained near all-time highs, while home-price appreciation was moderate. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1812 Wed, 28 Nov 2018 14:39:00 EST The outlook for Houston softened as leading indicators broadly slowed over the past three months. Revisions to data show that 2018 Houston employment growth has been healthy but not as strong as early estimates suggested. Texas Service Sector Activity Accelerates Slightly https://www.dallasfed.org:443/research/surveys/tssos/2018/1811 Tue, 27 Nov 2018 09:30:00 EST Texas service sector activity grew at a faster pace in November, according to business executives responding to the Texas Service Sector Outlook Survey. Texas Manufacturing Outlook Survey https://www.dallasfed.org:443/research/surveys/tmos/2018/1811 Mon, 26 Nov 2018 09:30:00 EST Texas factory activity continued to expand in November, albeit at a markedly slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1811 Tue, 20 Nov 2018 16:54:00 EST Growth in the San Antonio economy remained soft in October. The San Antonio Business-Cycle index accelerated, though growth continued to be below its long-term average. Inflation and the Gig Economy: Have the Rise of Online Retailing and Self-Employment Disrupted the Phillips Curve? https://www.dallasfed.org:443/research/papers/2018/wp1814 Tue, 20 Nov 2018 14:41:00 EST By omitting important structural changes in both goods and labor markets, conventional Phillips Curve models have failed to track how the rise of online retailing has flattened the Phillips Curve and how the rise of the gig economy (self-employment) has lowered the natural rate of unemployment. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1811 Tue, 20 Nov 2018 10:18:00 EST Growth in Dallas-Fort Worth remained widespread and brisk, with the metro area adding 9,500 jobs. Unemployment fell, and the Dallas and Fort Worth business-cycle indexes posted solid and above-trend growth. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1811 Mon, 19 Nov 2018 15:39:00 EST Texas economic growth remained healthy in October. The state added jobs at a strong pace, with the expansion widespread across metros and most industries. Mexico's Economy Posts Strong Third-Quarter Growth https://www.dallasfed.org:443/research/update/mex/2018/1807 Mon, 19 Nov 2018 11:56:00 EST Mexico's economic output recovered sharply in the third quarter, rising an annualized 3.6 percent after contracting in the second quarter. The consensus growth forecast for 2018 held steady in October at 2.1 percent. Rationally Inattentive Consumer: An Experiment https://www.dallasfed.org:443/research/papers/2018/wp1813 Mon, 19 Nov 2018 12:26:00 EST This paper presents a laboratory experiment that directly tests the theoretical predictions of consumption choices under rational inattention. Preparing Workers for the Expanding Digital Economy https://www.dallasfed.org:443/cd/digital Fri, 16 Nov 2018 15:01:00 EST This book chapter explores how digital inclusion increases access to jobs, economic opportunity and upward mobility. Global Economy Continues to Grow amid Downside Risks https://www.dallasfed.org:443/institute/update/2018/int1807 Wed, 14 Nov 2018 16:57:00 EST Global economic growth remains solid, although the pace is moderating as significant downside risks remain for both advanced and emerging economies. Texas Economy Continues Expansion but Shows Signs of Cooling https://www.dallasfed.org:443/research/update/reg/2018/1807 Wed, 14 Nov 2018 08:40:00 EST Texas economic growth remains robust but is showing signs of moderating. While many major Texas metros saw employment gains in the third quarter, state job growth was slower compared with the first half of the year. Behind the Numbers: PCE Inflation Update, September 2018 https://www.dallasfed.org:443/research/pce/2018/pce1809 Tue, 13 Nov 2018 17:02:00 EST The headline, or all-items, PCE price index rose 1.5 percent at an annualized rate in September, following a 1.3 percent annualized increase a month earlier. U.S. Expansion Remains on Solid Footing https://www.dallasfed.org:443/research/update/us/2018/1807 Tue, 13 Nov 2018 16:41:00 EST The U.S. economy has now expanded for 112 consecutive months, the second-longest stretch on record, and recent data point to continued growth due to strong consumer spending, robust employment growth and elevated business and consumer confidence. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1811 Fri, 02 Nov 2018 11:32:00 EST The Austin economy expanded at a strong pace in September. The Austin Business-Cycle Index accelerated and continued above its long-term trend. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1811 Wed, 31 Oct 2018 14:30:00 EST Houston economic conditions remain mostly positive, as does the overall outlook for the area. The business-cycle index continues to exhibit strong growth, and the Houston Leading Index is accelerating. Texas Service Sector Activity Expands at a Slower Pace https://www.dallasfed.org:443/research/surveys/tssos/2018/1810 Tue, 30 Oct 2018 09:30:00 EST Texas service sector activity continued to grow in October, according to business executives responding to the Texas Service Sector Outlook Survey. Texas Manufacturing Outlook Survey https://www.dallasfed.org:443/research/surveys/tmos/2018/1810 Mon, 29 Oct 2018 09:30:00 EST Texas factory activity continued to expand in October, albeit at a slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1810 Fri, 26 Oct 2018 16:49:00 EST Growth in the San Antonio economy remained mild in September. The San Antonio Business-Cycle Index accelerated while remaining below its long-term average. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1810 Thu, 25 Oct 2018 16:00:00 EST Growth in El Paso remains broad based, with the metro area adding jobs at a 3.3 percent annualized rate in September. Home sales are at an all-time high, while home price appreciation is moderate. The Neutral Rate of Interest https://www.dallasfed.org:443/news/speeches/kaplan/2018/rsk181024 Wed, 24 Oct 2018 09:00:00 EST This essay explores a number of the key issues associated with using the neutral rate concept in formulating monetary policy. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1810 Wed, 24 Oct 2018 14:42:00 EST Dallas–Fort Worth economic growth moderated in September. Payroll employment expanded at a slower pace in the third quarter than the second. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1810 Tue, 23 Oct 2018 09:46:00 EST The Texas economy grew at a moderate pace in September. The state added jobs at a slower pace than in August, and unemployment dipped to a record low. Opportunity Zones in Texas: Promise and Peril https://www.dallasfed.org:443/cd/pubs/opportunity Wed, 17 Oct 2018 17:18:00 EST This article explores the implications of a new tax incentive program to spur investment in low-income communities. Global Trends in Interest Rates https://www.dallasfed.org:443/research/papers/2018/wp1812 Tue, 16 Oct 2018 15:02:00 EST The trend in the world real interest rate for safe and liquid assets fluctuated close to 2 percent for more than a century, but has dropped significantly over the past three decades. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1810 Fri, 05 Oct 2018 13:32:00 EST Signals have been recently mixed for the oil and gas industry. Pipeline limitations continue to take center stage, slowing production growth. Mining employment growth decelerated over the summer. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1810 Thu, 04 Oct 2018 17:34:00 EST Austin economic growth was moderate in August. The Austin Business-Cycle Index stabilized but was below its long-term trend. Job growth rebounded after a sharp drop in July, while the unemployment rate ticked up slightly. Mexico's 2018 Growth Outlook Revised Down Slightly https://www.dallasfed.org:443/research/update/mex/2018/1806 Thu, 04 Oct 2018 12:31:00 EST Mexico’s consensus growth forecast for 2018 worsened slightly from 2.3 percent in July to 2.1 percent in August. The 2019 forecast held steady at 2.2 percent. Emerging-Market Currencies Suffer as Advanced Economies Tighten Policy https://www.dallasfed.org:443/institute/update/2018/int1806 Wed, 03 Oct 2018 11:06:00 EST The global economy is faced with heightened economic uncertainty due to trade-related concerns and tightening monetary policy in advanced economies adversely affecting emerging economies. U.S. Economy Expected to Remain Strong Through Year-End https://www.dallasfed.org:443/research/update/us/2018/1806 Wed, 03 Oct 2018 11:37:00 EST The U.S. economy continued to expand at a brisk pace in the third quarter, based on recent data releases. Texas Economy Keeps Growing but Signs of Supply-Side Constraints Emerge https://www.dallasfed.org:443/research/update/reg/2018/1806 Wed, 03 Oct 2018 17:49:00 EST The regional economy continues to post strong growth and outpace the nation. Year to date, Texas employment growth is an annualized 3 percent, well above the U.S. growth of 1.7 percent. Dallas Fed Energy Survey https://www.dallasfed.org:443/research/surveys/des/2018/1803 Mon, 01 Oct 2018 09:30:00 EST Energy sector activity maintained its strong momentum in third quarter 2018, according to oil and gas executives responding to the Dallas Fed Energy Survey. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1809 Mon, 01 Oct 2018 18:55:00 EST Growth in El Paso remains broad based. Year to date, the metro has added jobs at a 2.0 percent annualized rate, above its long-run average of 1.5 percent. Home sales are at an all-time high, while home-price appreciation is moderate. Agricultural Survey https://www.dallasfed.org:443/research/surveys/agsurvey/2018/ag1803 Mon, 01 Oct 2018 12:00:00 EST Bankers responding to the third-quarter survey noted some easing of drought conditions across several regions of the Eleventh District. Behind the Numbers: PCE Inflation Update, August 2018 https://www.dallasfed.org:443/research/pce/2018/pce1808 Fri, 28 Sep 2018 17:39:00 EST The headline, or all-items, PCE price index rose 1.3 percent at an annualized rate in August, following a 1.6 percent annualized increase a month earlier. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1810 Fri, 28 Sep 2018 14:27:00 EST Houston's economy continues to grow at a healthy pace despite signs of a slowdown in its core energy-related sectors. Employment and business-cycle indicators are increasing, and loan growth at Houston-based banks continues to outperform the nation. Overall, the outlook remains positive. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1809 Thu, 27 Sep 2018 10:37:00 EST Growth in the San Antonio economy remained mild in August. The San Antonio Business-Cycle Index decelerated, holding below its long-term average. Texas Service Sector Activity Accelerates https://www.dallasfed.org:443/research/surveys/tssos/2018/1809 Tue, 25 Sep 2018 09:30:00 EST Texas service sector activity accelerated in September, according to business executives responding to the Texas Service Sector Outlook Survey. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1809 Tue, 25 Sep 2018 14:24:00 EST Growth in Dallas–Fort Worth remained broad based and brisk, with the metro area adding jobs at a 3.0 percent annualized rate—well above its long-run average. Texas Manufacturing Outlook Survey https://www.dallasfed.org:443/research/surveys/tmos/2018/1809 Mon, 24 Sep 2018 09:30:00 EST Texas factory activity continued to expand in September, according to business executives responding to the Texas Manufacturing Outlook Survey. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1809 Mon, 24 Sep 2018 11:27:00 EST Texas’ economic expansion accelerated in August after moderating in July. Employment growth strengthened and was widespread across sectors and industries. The Texas Leading Index dipped but remained elevated, and energy sector indicators were mostly flat. Exports rose in July, and the volume of loans held by Texas banks expanded in the second quarter. Texas Property Taxes Soar as Homeowners Confront Rising Values https://www.dallasfed.org:443/research/swe/2018/swe1803c Fri, 21 Sep 2018 12:04:00 EST A precipitous rise in the amount of property taxes Texans pay has accompanied an uncharacteristically large increase in property tax valuations. Spotlight: Shale Oil Propels U.S. Crude Export Increase https://www.dallasfed.org:443/research/swe/2018/swe1803f Fri, 21 Sep 2018 06:00:00 EST More than 90 percent of crude exports this year have originated on the Gulf Coast, generating jobs, capital and income for ports in Houston and Corpus Christi. Shale Renews Excitement in Energy Industry https://www.dallasfed.org:443/research/swe/2018/swe1803d Fri, 21 Sep 2018 10:00:00 EST Mine Yücel discusses the evolution of the energy sector, its role in Texas and her perspective as a female energy economist. President's Perspective https://www.dallasfed.org:443/research/swe/2018/swe1803a Fri, 21 Sep 2018 15:27:00 EST Companies provided insight into new technologies they were adopting and their impact on operations and costs. Parental Borrowing for College Comes with Repayment Issues https://www.dallasfed.org:443/research/swe/2018/swe1803e Fri, 21 Sep 2018 07:00:00 EST As the cost of college continues to rise, parents are increasingly taking out federally backed loans to help make ends meet for their children. Go Figure—If Texas Were a Country ... https://www.dallasfed.org:443/research/swe/2018/swe1803g Fri, 21 Sep 2018 00:18:00 EST Texas is comparable to entire countries—and so are some of its local areas. Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment https://www.dallasfed.org:443/research/papers/2018/wp1810 Tue, 11 Sep 2018 19:37:00 EST We exploit the 1998 and 2003 constitutional amendment in Texas—allowing home equity loans and lines of credit for non-housing purposes—as natural experiments to estimate the effect of easier credit access on the labor market. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1809 Fri, 07 Sep 2018 14:30:00 EST Austin economic growth weakened in July. The Austin Business-Cycle Index performed well below its long-term trend. The unemployment rate dipped and job growth softened, but wages inched up. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1809 Thu, 06 Sep 2018 16:42:00 EST Pipeline limitations are driving down local prices for oil and natural gas, causing drilling activity to flatten and the inventory of uncompleted wells to rise in the Permian Basin. Texas mining employment growth also slowed in July. Behind the Numbers: PCE Inflation Update, July 2018 https://www.dallasfed.org:443/research/pce/2018/pce1807 Thu, 30 Aug 2018 15:15:00 EST The headline, or all-items, PCE price index rose 1.5 percent at an annualized rate in July, following a 1.4 percent annualized increase a month earlier. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1809 Wed, 29 Aug 2018 17:14:00 EST Softer employment growth in July slowed the business-cycle index to a more modest above-trend growth rate. Revisions to employment data dulled Houston’s stellar job growth in the six months following Hurricane Harvey. Texas Service Sector Activity Continues to Expand https://www.dallasfed.org:443/research/surveys/tssos/2018/1808 Tue, 28 Aug 2018 09:30:00 EST Texas service sector activity continued to increase in August, albeit at a slower pace than last month, according to business executives responding to the Texas Service Sector Outlook Survey. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1808 Thu, 23 Aug 2018 12:53:00 EST Growth in the San Antonio economy remained mild in July. The San Antonio Business-Cycle Index accelerated, though it remains below its long-term average.