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/ 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. Trimmed Mean PCE Inflation Rate https://www.dallasfed.org:443/research/pce Thu, 29 Nov 2018 12:27:00 EST The Trimmed Mean PCE inflation rate for October was an annualized 1.6 percent. According to the BEA, the overall PCE inflation rate for September was 2.2 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.2 percent. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1808 Wed, 22 Aug 2018 09:39:00 EST A strong labor market is boosting the El Paso economy. Year-to-date jobs gains have been broad based, and trade through the El Paso port of entry is up. Housing affordability remains above average. Where We Stand: Assessment of Economic Conditions and Implications for Monetary Policy https://www.dallasfed.org:443/news/speeches/kaplan/2018/rsk180821 Tue, 21 Aug 2018 09:30:00 EST The purpose of this essay is to discuss economic conditions in the Eleventh District and the U.S. It discusses the implications of this assessment for the stance of monetary policy in the U.S. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm/2018/snm1803 Tue, 21 Aug 2018 11:39:00 EST Employment levels inched up in Las Cruces in the second quarter, while the state posted much stronger growth. Trade through the port is rising, and the rig count is well above year-ago levels. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1808 Tue, 21 Aug 2018 14:55:00 EST Economic expansion in Dallas–Fort Worth (DFW) remained broad based and swift, with the July jobs report showing the metro area growing at a 3.0 percent annualized rate—well above its long-run average. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1808 Mon, 20 Aug 2018 17:59:00 EST Texas’ economic expansion moderated in July. Employment growth softened, and growth in the Texas Business-Cycle Index slowed. The Dallas Fed’s Texas Business Outlook Surveys indicated a pickup in growth and continued optimism but also rising uncertainty. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei Mon, 20 Aug 2018 15:27:00 EST <em>Texas Economic Indicators</em> is a web publication of key economic indicators that offers a snapshot of the Texas economy. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm Mon, 20 Aug 2018 15:02:00 EST Southern New Mexico Economic Indicators is a quarterly web publication of key economic indicators that offers a snapshot of the Southern New Mexico economy. Mexico Posts Negative Growth in Second Quarter but Outlook Stable https://www.dallasfed.org:443/research/update/mex/2018/1805 Wed, 15 Aug 2018 13:25:00 EST Mexico’s economy contracted an annualized 0.4 percent in the second quarter. Nevertheless, the consensus growth forecast for 2018 held steady in June at 2.3 percent. Weathering the Storm: A Framework for Meeting CRA Obligations https://www.dallasfed.org:443/cd/pubs/storm Tue, 14 Aug 2018 11:50:00 EST This report provides a brief overview of disaster recovery and its connection to the Community Reinvestment Act (CRA). Red-Hot Texas Economic Growth Likely to Cool https://www.dallasfed.org:443/research/update/reg/2018/1805 Fri, 10 Aug 2018 11:08:00 EST The regional economy is about as hot as the Texas summer. Texas job growth was a blistering 3.6 percent (annualized) in the first half of 2018. Does Medicaid Generosity Affect Household Income? https://www.dallasfed.org:443/research/papers/2017/wp1709 Thu, 09 Aug 2018 18:31:00 EST Using a Regression Kink Design (RKD) framework, this paper takes a uniquely different approach to the identification of the effect of Medicaid generosity on household income. A Closer Look at the Behavior of Uncertainty and Disagreement: Micro Evidence from the Euro Area https://www.dallasfed.org:443/research/papers/2018/wp1811 Wed, 08 Aug 2018 16:28:00 EST This paper examines point and density forecasts of real GDP growth, inflation and unemployment from the European Central Bank’s Survey of Professional Forecasters. U.S. Economy Appears Well-Positioned for Second Half https://www.dallasfed.org:443/research/update/us/2018/1805 Tue, 07 Aug 2018 13:19:00 EST The U.S. economy entered its 10th year of economic expansion last month, and recent data point to continued economic growth for the second half of the year. Global Growth Continues but with Higher Uncertainty https://www.dallasfed.org:443/institute/update/2018/int1805 Tue, 07 Aug 2018 12:00:00 EST First-quarter GDP growth has been disappointing in a number of economies, and growth appears to be less synchronous than anticipated earlier in the year. Behind the Numbers: PCE Inflation Update, June 2018 https://www.dallasfed.org:443/research/pce/2018/pce1806 Fri, 03 Aug 2018 14:03:00 EST The headline, or all-items, PCE price index rose 1.2 percent at an annualized rate in June, following a 2.4 percent annualized increase a month earlier. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1808 Fri, 03 Aug 2018 16:42:00 EST Recent indicators have been mixed but continue to paint a positive overall picture for the industry. Drilling, well permit applications and production numbers have all plateaued in recent weeks. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1808 Thu, 02 Aug 2018 14:30:00 EST The Austin economy continued to expand at a solid pace in June. The Austin Business-Cycle Index grew near its long-term trend. Although labor markets remained constrained, the metro posted solid employment growth. Texas Service Sector Activity Accelerates https://www.dallasfed.org:443/research/surveys/tssos/2018/1807 Tue, 31 Jul 2018 09:30:00 EST Texas service sector activity accelerated in July, according to business executives responding to the Texas Service Sector Outlook Survey. Hispanics in the U.S. Labor Market: A Tale of Three Generations https://www.dallasfed.org:443/research/papers/2018/wp1809 Tue, 31 Jul 2018 11:33:00 EST While relatively low education levels do not appear to hamper Hispanic immigrants’ employment, they play a key role in explaining low levels of employment among Hispanic immigrants’ descendants. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1808 Tue, 31 Jul 2018 14:15:00 EST The professional services sector continues to lead a broad-based acceleration in the Houston economy this year amid strong growth in the local labor force. Construction employment is surging as the existing-home market remains tight. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1807 Fri, 27 Jul 2018 09:49:00 EST The El Paso economy continues to expand as the labor market continues to add jobs and home sales reach record levels. Trade through the El Paso port of entry rose, while maquiladora employment remained steady. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1807 Thu, 26 Jul 2018 10:29:00 EST Growth in the San Antonio economy remained mild in June. The San Antonio Business-Cycle Index continued to expand, though below its long-term average, as the unemployment rate held at a low level and job growth remained tepid. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1807 Tue, 24 Jul 2018 17:51:00 EST The Dallas–Fort Worth economy continues to expand. The June jobs report indicated employment growth moderated, with DFW adding jobs at the slowest pace so far this year. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1807 Tue, 24 Jul 2018 09:29:00 EST The Texas economy continued to expand at a solid pace in June. There were strong job gains, and unemployment remained low. The Dallas Fed’s Texas Business Outlook Surveys indicated continued growth in the state’s manufacturing and service-providing sectors. Next Generation Sector Partnerships: A Series of Case Studies https://www.dallasfed.org:443/cd/EconDev/workforce/nextgen Mon, 23 Jul 2018 17:47:00 EST A look at partnerships that advance workforce and economic competitiveness in five separate regions. Valuation Risk Revalued https://www.dallasfed.org:443/research/papers/2018/wp1808 Fri, 20 Jul 2018 15:27:00 EST The recent asset pricing literature finds valuation risk is an important determinant of key asset pricing moments. After correcting the preference specification, we find long-run risk, rather than valuation risk, plays the biggest role in explaining asset prices. Texas Service Sector Outlook Survey: Survey Methodology and Performance https://www.dallasfed.org:443/research/papers/2018/wp1807 Tue, 17 Jul 2018 12:16:00 EST This paper describes the Texas Service Sector Outlook Survey (TSSOS) and Texas Retail Outlook Survey (TROS)’s methodology and analyzes the explanatory and predictive power of TSSOS and TROS indexes with regard to Texas employment growth. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1807 Thu, 05 Jul 2018 14:21:00 EST Austin economic activity held steady in May. The Austin Business-Cycle Index continued to grow near trend. Job growth accelerated after softening in March and April, while the unemployment rate fell to its lowest rate since the beginning of the year. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1807 Thu, 05 Jul 2018 15:56:00 EST Drilling activity continues to expand in Texas as prices continue to be favorable. OPEC recently indicated it would increase production, but falling inventories, unplanned outages and limited spare OPEC capacity left the price reaction mixed. Agricultural Survey https://www.dallasfed.org:443/research/surveys/agsurvey/2018/ag1802 Mon, 02 Jul 2018 12:00:00 EST Bankers responding to the second-quarter survey noted continuing drought conditions across many regions of the Eleventh District. Mexico’s First-Quarter Output Revised Up, but Growth Stalls in April https://www.dallasfed.org:443/research/update/mex/2018/1804 Fri, 29 Jun 2018 15:28:00 EST Mexico’s economy grew slightly faster in first quarter 2018 than previously estimated. First-quarter gross domestic product was revised to 4.6 percent, up from the prior estimate of 4.5 percent. Behind the Numbers: PCE Inflation Update, May 2018 https://www.dallasfed.org:443/research/pce/2018/pce1805 Fri, 29 Jun 2018 15:18:00 EST The headline, or all-items, PCE price index rose 2.6 percent at an annualized rate in May, following a 2.9 percent annualized increase a month earlier. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1806 Thu, 28 Jun 2018 14:57:00 EST The El Paso economy continues to expand. The labor market keeps growing, and homes sales reached near-record levels in May. Trade through the El Paso Port of Entry rose, while maquiladora employment remained steady. Dallas Fed Energy Survey https://www.dallasfed.org:443/research/surveys/des/2018/1802 Wed, 27 Jun 2018 09:30:00 EST Energy sector activity expanded strongly in second quarter 2018, according to oil and gas executives responding to the Dallas Fed Energy Survey. Texas Service Sector Activity Continues to Expand https://www.dallasfed.org:443/research/surveys/tssos/2018/1806 Tue, 26 Jun 2018 09:30:00 EST Texas service sector activity continued to increase in June, although at a slightly slower pace than last month, according to business executives responding to the Texas Service Sector Outlook Survey. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1807 Mon, 25 Jun 2018 16:40:00 EST Professional services and manufacturing are leading growth in the Houston economy. The energy sector is expanding at an accelerated pace, leading to strong export growth. Lending at local banks has been outpacing the state and the nation. Healthy gains in the Houston Leading Index and the Houston Business-Cycle Index suggest a continued positive outlook. Texas Banking Conditions Improve, but Risks and Uncertainty Remain https://www.dallasfed.org:443/research/swe/2018/swe1802d Mon, 25 Jun 2018 12:04:00 EST Banks in the Eleventh District, benefiting from a rebounding energy sector and strong regional and national economies, are poised to do well through the remainder of 2018. FEMA to Play Long-Term Role in Recovery from Harvey https://www.dallasfed.org:443/research/swe/2018/swe1802e Mon, 25 Jun 2018 12:03:00 EST Federal disaster assistance following Hurricane Harvey has emphasized immediate recovery costs but will likely shift its focus to infrastructure improvements.