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/ A Perspective on Oil https://www.dallasfed.org:443/news/speeches/kaplan/2018/rsk180619 Tue, 19 Jun 2018 09:00:00 EST This essay lays out the key factors the Dallas Fed closely tracks in analyzing the global energy markets and in considering the impact of oil prices on economic conditions in the U.S. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1806 Tue, 19 Jun 2018 15:46:00 EST The Dallas-Fort Worth economy continued to expand at a torrid pace. The May jobs report showed the metro area growing at a 3.7 percent annualized rate in the first five months of the year, adding a total of 55,500 net new jobs. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1806 Mon, 18 Jun 2018 17:45:00 EST The Texas economy continued to expand at a solid pace in May. The state posted strong job gains, and unemployment remained low. The headline indexes of the Dallas Fed's Texas Business Outlook Surveys indicated accelerating growth. Texas Economy Continues to Advance https://www.dallasfed.org:443/research/update/reg/2018/1804 Mon, 18 Jun 2018 17:51:00 EST The Texas economy is expanding at a solid pace. Employment has grown at a 3.6 percent annualized rate through May, driven by job gains in the goods-producing sector. Unemployment remains near its historical low, and labor markets are tight. Smaller Banks Less Able to Withstand Flattening Yield Curve https://www.dallasfed.org:443/research/eclett/2018/el1808 Mon, 18 Jun 2018 18:09:00 EST For the overall U.S. banking system, the effect on profitability of yield-curve flattening—the lowering of the difference between the yields of short- and long-term debt—lasts about a year and is relatively small. Downside Risks Imperil Prospective Gains from Globalization https://www.dallasfed.org:443/institute/update/2018/int1804 Fri, 15 Jun 2018 10:23:00 EST Downside risks to the global economy could diminish its recent steady performance. Threats include challenges to existing trade arrangements, instability in the euro area and possible global blow-back from Federal Reserve benchmark rate increases. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1806 Fri, 08 Jun 2018 13:47:00 EST Austin economic activity held steady in April. The Austin Business-Cycle Index continued to grow well above trend. Although job growth softened in April, the unemployment rate remained low. Wages continued to rise, aiding home affordability. The Impact of the Dodd-Frank Act on Small Business https://www.dallasfed.org:443/research/papers/2018/wp1806 Thu, 07 Jun 2018 19:54:00 EST We find that the Dodd-Frank Act has impeded small-business lending controlling for cyclical effects and bank size, consistent with relative changes in bank credit standards. Also, the Sarbanes-Oxley Act, and to a lesser extent the Dodd-Frank Act, appear to have restrained business formation. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1806 Fri, 01 Jun 2018 15:01:00 EST The higher price environment is driving production and employment growth in the oil and gas industry. Higher prices for crude are also being passed onto consumer fuel prices even as exports remain elevated. Trimmed Mean PCE Inflation Rate https://www.dallasfed.org:443/research/pce Thu, 31 May 2018 11:38:00 EST The Trimmed Mean PCE inflation rate for April was an annualized 1.7 percent. According to the BEA, the overall PCE inflation rate for April was 2.7 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.9 percent. Behind the Numbers: PCE Inflation Update, April 2018 https://www.dallasfed.org:443/research/pce/2018/pce1804 Thu, 31 May 2018 15:15:00 EST The headline, or all-items, PCE price index rose 2.7 percent at an annualized rate in April, following a negligible increase a month earlier. Texas Service Sector Activity Expands at an Accelerated Pace https://www.dallasfed.org:443/research/surveys/tssos/2018/1805 Wed, 30 May 2018 09:30:00 EST Texas service sector activity accelerated sharply in May, according to business executives responding to the Texas Service Sector Outlook Survey. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1806 Tue, 29 May 2018 16:24:00 EST Overall, the outlook for Houston remains positive. Recent job growth has been very strong and broad based, and the region is likely to receive a tailwind from continued strength in the U.S. and Texas economies. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1805 Fri, 25 May 2018 10:46:00 EST Growth in the San Antonio economy picked up in April. The San Antonio Business-Cycle Index accelerated to just slightly below its long-term pace as jobs increased and the unemployment rate fell. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1805 Thu, 24 May 2018 11:42:00 EST Although employment contracted in April, the El Paso economy continues to expand. Trade through the El Paso Port of Entry inched down, while maquiladora employment remained steady. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1805 Tue, 22 May 2018 10:05:00 EST Dallas–Fort Worth economic activity accelerated in April, with the Dallas and Fort Worth business-cycle indexes posting above-trend growth and payroll employment climbing in both metros. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1805 Mon, 21 May 2018 15:05:00 EST The Texas economy continued to post strong growth in April, with total nonfarm employment increasing from the previous month. Activity in the energy sector expanded further, with both the rig count and oil prices increasing. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm Thu, 17 May 2018 18:20:00 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. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm/2018/snm1802 Thu, 17 May 2018 17:05:00 EST New Mexico’s labor market expanded in the first quarter, while employment levels in Las Cruces inched down. Trade through the port is rising, and the rig count is well above year-ago levels. Mexico Economy Expands at a Strong Pace in First Quarter https://www.dallasfed.org:443/research/update/mex/2018/1803 Tue, 15 May 2018 09:40:00 EST Mexico’s gross domestic product (GDP) grew at an annualized 4.5 percent pace in first quarter 2018—its highest quarterly growth since mid-2016. Texas Economic Growth Continues at Healthy Pace https://www.dallasfed.org:443/research/update/reg/2018/1803 Thu, 10 May 2018 16:03:00 EST The Texas economy remains in a broad-based expansion. Job growth in the first quarter was a robust 3.5 percent, maintaining the solid gains seen in fourth quarter 2017. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford https://www.dallasfed.org:443/research/papers/2018/wp1805 Wed, 09 May 2018 12:40:00 EST When focusing on the relevant impulse responses, the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods. Slower Growth in First Quarter Appears Temporary https://www.dallasfed.org:443/research/update/us/2018/1803 Tue, 08 May 2018 12:04:00 EST The U.S. economy entered 2018 with strong momentum, but it slowed in the first quarter. The Accuracy of Linear and Nonlinear Estimation in the Presence of the Zero Lower Bound https://www.dallasfed.org:443/research/papers/2018/wp1804 Mon, 07 May 2018 17:08:00 EST This paper evaluates the accuracy of linear and nonlinear estimation methods for dynamic stochastic general equilibrium models. Consumers Respond More to Negative News than Positive Info https://www.dallasfed.org:443/research/eclett/2018/el1807 Fri, 04 May 2018 18:44:00 EST Consumers, forced to navigate a constant stream of economic information, are often challenged to sort through details and respond to new material. Global Economic Outlook Remains Strong https://www.dallasfed.org:443/institute/update/2018/int1803 Fri, 04 May 2018 15:06:00 EST Real world output growth excluding the U.S. came in at 3.4 percent in 2017, and forecasts call for continued strong growth in 2018 and 2019. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1805 Fri, 04 May 2018 17:08:00 EST Texas oil and gas employment and drilling activity continued to grow in March and April. The price of West Texas Intermediate (WTI) crude strengthened to its highest monthly average since November 2014. However, pipeline capacity in the Permian may be in short supply over the next year, putting downward pressure on barrels priced in the region and potentially restricting production growth in 2019. Behind the Numbers: PCE Inflation Update, March 2018 https://www.dallasfed.org:443/research/pce/2018/pce1803 Fri, 04 May 2018 14:37:00 EST The headline, or all-items, PCE price index was essentially unchanged in March, weighed down by declines in the prices of energy goods and services, particularly gasoline. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1805 Thu, 03 May 2018 12:59:00 EST Austin economic activity accelerated in March. The Austin Business-Cycle Index grew at its fastest pace since late 2015, bolstered by strong employment growth over the first quarter of this year. Texas Service Sector Activity Continues to Expand but at Slower Pace https://www.dallasfed.org:443/research/surveys/tssos/2018/1804 Tue, 01 May 2018 09:30:00 EST Texas service sector activity continued to increase in April, albeit at a 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/hou1805 Mon, 30 Apr 2018 15:24:00 EST Overall, the outlook for Houston remains positive. Coincident and leading indicators continue to suggest healthy growth in activity in the region. Exports are expanding, while real estate and construction data are more mixed. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1804 Fri, 27 Apr 2018 08:00:00 EST Growth in the San Antonio economy slowed in March. The San Antonio Business-Cycle Index decelerated below its long-term pace, primarily due to a decline in jobs and a slight increase in the unemployment rate. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1804 Wed, 25 Apr 2018 14:37:00 EST Economic activity in El Paso remains solid. Ciudad Juárez maquiladora employment is steady, while employment in El Paso continues to expand. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1804 Tue, 24 Apr 2018 14:25:00 EST Dallas-Fort Worth economic growth continued to be healthy in March. Payroll employment in the first quarter expanded at its fastest rate in a year and a half. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1804 Mon, 23 Apr 2018 14:33:00 EST The Texas economy continued to grow at a healthy pace in March. The Texas Business-Cycle Index accelerated for the 24th month in a row, as employment expanded and the unemployment rate held steady at a low level. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei Mon, 23 Apr 2018 17:51:00 EST <em>Texas Economic Indicators</em> is a web publication of key economic indicators that offers a snapshot of the Texas economy. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1804 Wed, 18 Apr 2018 14:32:00 EST The Texas oil and gas sector remained strong through March. Prices for West Texas Intermediate (WTI) crude oil rose slightly in March, staying close to $63 per barrel. Oil production in the Permian Basin and Eagle Ford rose again. Texas oil and gas employment spiked up in February and is at its highest level since late 2015. U.S. Liquefied Natural Gas (LNG) exports are at an all-time high and projected to increase further this year. The Near Term Growth Impact of the Tax Cuts and Jobs Act https://www.dallasfed.org:443/research/papers/2018/wp1803 Wed, 18 Apr 2018 16:19:00 EST This paper uses existing empirical estimates of the macroeconomic effects of tax changes to project the near term impact of the Tax Cuts and Jobs Act on US GDP growth. Taking the Long View: Creating a Better Future for Our Children and Grandchildren https://www.dallasfed.org:443/news/speeches/kaplan/2018/rsk180416 Mon, 16 Apr 2018 09:00:00 EST Short-term cyclical developments are only part of the story in understanding the U.S. and global economies. Declining U.S. Labor Force Participation Rates Stand Out https://www.dallasfed.org:443/research/eclett/2018/el1806 Thu, 12 Apr 2018 17:05:00 EST Male and female prime-age labor force participation rates have declined in the U.S. at a faster rate than in most developed countries over the past 20 years, even among people with a college degree. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1804 Thu, 05 Apr 2018 13:34:00 EST Austin economic activity accelerated in February. The Austin Business-Cycle Index grew at its fastest pace since late 2015, bolstered by strong employment growth over the first two months of this year. Steeling the U.S. Economy for the Impacts of Tariffs https://www.dallasfed.org:443/research/eclett/2018/el1805 Wed, 04 Apr 2018 11:10:00 EST Proposed steel and aluminum tariffs would likely trim a quarter percent from the U.S. gross domestic product over the long run. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1803 Tue, 03 Apr 2018 09:01:00 EST Economic activity in El Paso remains solid. Ciudad Juárez maquiladora employment is steady, while trade through the Port picked up, led by a strong gain in exports. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1804 Tue, 03 Apr 2018 12:00:00 EST The outlook for Houston remains positive. Houston has had a robust start to 2018 job growth, broad measures of output have expanded, energy-related activity and related imports have continued to improve, and oil prices remain in a healthy range for the energy industry. Agricultural Survey https://www.dallasfed.org:443/research/surveys/agsurvey/2018/ag1801 Mon, 02 Apr 2018 17:14:00 EST Bankers responding to the first-quarter survey noted conditions remained dry across a number of regions. President's Perspective https://www.dallasfed.org:443/research/swe/2018/swe1801a Fri, 30 Mar 2018 10:00:00 EST "Labor shortages are likely to constrain growth given that the state unemployment rate is now at a near-record low of 4.0 percent." Texas Economic Expansion Continues; Tight Labor Market Could Limit Stronger Growth https://www.dallasfed.org:443/research/update/reg/2018/1802 Fri, 30 Mar 2018 09:24:00 EST The Texas economy’s broad expansion continues. Year-to-date employment growth has been widespread across metros and industries. Texas Economy Starts 2018 Firing on All Cylinders https://www.dallasfed.org:443/research/swe/2018/swe1801d Thu, 29 Mar 2018 10:02:00 EST Aided by the oil and gas sector’s recovery, the Texas economy rebounded in 2017 and is poised to expand at a faster pace in 2018. However, tight labor markets, disruptions to trade, and potential oil price declines pose risks to the outlook. Go Figure—Texas Home Prices Head Through the Roof https://www.dallasfed.org:443/research/swe/2018/swe1801f Thu, 29 Mar 2018 10:00:00 EST Median home prices in Texas have surged $88K since 2012 (On average, state’s least-affordable large metros) Spotlight: Mexico Sees Stronger 2018, NAFTA Challenges https://www.dallasfed.org:443/research/swe/2018/swe1801e Thu, 29 Mar 2018 18:00:00 EST Amid challenges, there is hope that a strong, expanding U.S. economy and a bright global outlook will support brisk Mexican growth in 2018. Additionally, domestic consumption is expected to increase as inflation decelerates and wages catch up to prices. On the Record: A Conversation with Jason Saving https://www.dallasfed.org:443/research/swe/2018/swe1801c Thu, 29 Mar 2018 10:00:00 EST Jason L. Saving is a senior research economist and advisor at the Federal Reserve Bank of Dallas, where he conducts research on public policy issues. He is the author of articles that explore tax reform, regional migration and fiscal policy. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1803 Thu, 29 Mar 2018 13:09:00 EST The San Antonio economy expanded at a steady pace in February. The San Antonio Business-Cycle Index grew slightly above its long-term trend, although job growth was modest and the unemployment rate rose slightly. Southwest Economy https://www.dallasfed.org:443/research/swe Thu, 29 Mar 2018 23:00:00 EST The latest Southwest Economy examines the importance of migration for Texas’ growth, the 2018 Texas economic outlook, rising Texas home prices and the new federal tax law. Behind the Numbers: PCE Inflation Update, February 2018 https://www.dallasfed.org:443/research/pce/2018/pce1802 Thu, 29 Mar 2018 15:24:00 EST The headline, or all-items, PCE price index rose at a 2.3 percent annualized rate in February. The price index for PCE excluding food and energy rose at a 2.8 percent annualized rate following a 3.5 percent annualized increase in January. Dallas Fed Energy Survey https://www.dallasfed.org:443/research/surveys/des/2018/1801 Wed, 28 Mar 2018 09:30:00 EST Energy sector activity strengthened further in first quarter 2018, according to oil and gas executives responding to the Dallas Fed Energy Survey. Fourth-Quarter Growth Revised Down; 2018 Outlook Still Healthy https://www.dallasfed.org:443/research/update/mex/2018/1802 Wed, 28 Mar 2018 09:01:00 EST Although fourth-quarter Mexico gross domestic product (GDP) growth was revised lower, performance was still strong, and this bodes well for 2018. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1803 Wed, 28 Mar 2018 08:13:00 EST DFW economic growth continued in February, with payroll employment expanding and unemployment staying low. Texas Service Sector Activity Strengthens https://www.dallasfed.org:443/research/surveys/tssos/2018/1803 Tue, 27 Mar 2018 09:30:00 EST Texas service sector activity picked up in March, according to business executives responding to the Texas Service Sector Outlook Survey. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1803 Mon, 26 Mar 2018 14:31:00 EST Texas economic growth remained robust in February. The state posted strong job gains, and unemployment remained low. The Texas Leading Index ticked down following several months of strong growth. Home inventories remained low, and home sales rose in the month, while indicators of residential construction were mixed. Global Growth Little Changed Despite Heightened Policy Uncertainty https://www.dallasfed.org:443/institute/update/2018/int1802 Fri, 23 Mar 2018 10:38:00 EST Global real gross domestic product (GDP) growth decreased from 3.5 percent on a year-over-year basis in third quarter 2017 to 3.4 percent in fourth quarter 2017. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1803 Fri, 23 Mar 2018 09:56:00 EST The Texas oil and gas sector continued to remain strong through February. While prices for West Texas Intermediate crude oil fell slightly in February from a three-year high in January, estimated production in the Permian Basin reached 3 million barrels per day. U.S. Economic Outlook Improves in First Quarter https://www.dallasfed.org:443/research/update/us/2018/1802 Fri, 23 Mar 2018 14:25:00 EST The economic outlook has slightly improved since January, owing to strong gross domestic product (GDP) and employment growth. Global, National Business Cycles and Energy Explain Texas Metro Growth https://www.dallasfed.org:443/research/eclett/2018/el1804 Fri, 23 Mar 2018 12:01:00 EST A mix of global, national and state-specific shocks help drive employment fluctuations between U.S. states. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1803 Wed, 21 Mar 2018 16:40:00 EST Recent economic data remain positive for Houston. January employment growth was healthy, and job growth in 2017 was stronger than initially estimated. Seizing the Opportunity for Equitable and Inclusive Redevelopment: Galveston’s Trials After Hurricane Ike Offer Lessons for Other Communities https://www.dallasfed.org:443/cd/pubs/galveston Fri, 16 Mar 2018 11:00:00 EST This report highlights lessons learned from continued recovery efforts in Galveston, Texas, following Hurricane Ike, which can inform communities currently rebuilding after recent natural disasters. San Antonio Economic Indicators https://www.dallasfed.org:443/research/indicators/sa/2018/sa1802 Thu, 15 Mar 2018 14:36:00 EST The San Antonio economy expanded at a steady pace in January. The San Antonio Business-Cycle Index grew slightly above its long-term trend despite weak job growth and an uptick in the unemployment rate. <br /> Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1802 Wed, 14 Mar 2018 14:23:00 EST Dallas–Fort Worth economic growth was moderate in January. Revised data indicate that DFW employment expanded 2.4 percent in 2017. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1802 Tue, 13 Mar 2018 09:56:00 EST Texas economic growth remained strong in January. The state posted solid job gains, and unemployment remained low. Texas employment increased at a solid pace in 2017 but slower than estimated prior to the benchmark revision. A New Way to Quantify the Effect of Uncertainty https://www.dallasfed.org:443/research/papers/2017/wp1705 Thu, 08 Mar 2018 16:56:00 EST This paper develops a new way to quantify the effect of uncertainty and other higher-order moments. Rising Public Debt to GDP Can Harm Economic Growth https://www.dallasfed.org:443/research/eclett/2018/el1803 Tue, 06 Mar 2018 16:44:00 EST The debt–growth relationship is complex, varying across countries and affected by global factors. Consumer Credit Trends for Dallas County https://www.dallasfed.org:443/cd/cct Tue, 06 Mar 2018 12:27:00 EST This report presents an analysis of current county- and ZIP code-level credit conditions for Dallas—data not readily available from other sources. The Federal Reserve https://www.dallasfed.org:443/educate/everyday/fed Fri, 02 Mar 2018 08:37:00 EST The Federal Reserve, the newest publication in the Everyday Economics series, provides an engaging look at the role and responsibilities of today’s central bank. Companion classroom-ready lesson also available. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1803 Fri, 02 Mar 2018 10:00:00 EST Austin economic growth remained robust in January. According to revised data, employment grew 4.2 percent in 2017, the fastest rate among Texas’ large metro areas. Behind the Numbers: PCE Inflation Update, January 2018 https://www.dallasfed.org:443/research/pce/2018/pce1801 Thu, 01 Mar 2018 14:45:00 EST The headline, or all-items, PCE price index rose at a 4.5 percent annualized rate in January. The price index for energy goods and services rose sharply for the month; food prices rose slightly. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1802 Thu, 01 Mar 2018 15:31:00 EST El Paso’s robust labor market has placed pressure on average weekly wages. Home sales and single-family housing permits are expanding, although the median home price remains steady. Texas Service Sector Activity Continues to Increase https://www.dallasfed.org:443/research/surveys/tssos/2018/1802 Tue, 27 Feb 2018 09:30:00 EST Texas service sector activity continued to reflect expansion in February, according to business executives responding to the Texas Service Sector Outlook Survey. Southern New Mexico Economic Indicators https://www.dallasfed.org:443/research/indicators/snm/2018/snm1801 Thu, 22 Feb 2018 13:54:00 EST Despite a stagnant labor market, home sales in Las Cruces continue to rise. Trade through the Santa Teresa port is above year-ago levels, and rising oil prices continue to boost production. Discussion of Economic Conditions and Key Challenges Facing the U.S. Economy https://www.dallasfed.org:443/news/speeches/kaplan/2018/rsk180221 Wed, 21 Feb 2018 10:00:00 EST In a new essay, Robert S. Kaplan provides a synopsis of his current views regarding economic conditions and U.S. monetary policy. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1802 Thu, 15 Feb 2018 14:02:00 EST Prices for West Texas Intermediate (WTI) crude oil went up in January to a three-year high. Permian Basin crude oil production continued to increase as the oil rig count continues to rise. Mexico Economic Growth Rebounds in Fourth Quarter https://www.dallasfed.org:443/research/update/mex/2018/1801 Fri, 09 Feb 2018 09:49:00 EST Mexico’s economic output recovered sharply in the fourth quarter, rising 4.1 percent after falling in the third quarter as a result of the September earthquakes. Global Growth Outlook Reflects Sustained Recovery https://www.dallasfed.org:443/institute/update/2018/int1801 Tue, 06 Feb 2018 10:06:00 EST Global growth accelerated in 2017, supported by strengthening labor markets and external demand. Although inflation concerns among advanced countries abated, risks remain and are mostly tilted to the downside. Thriving Texas Economy Expands Broadly https://www.dallasfed.org:443/research/update/reg/2018/1801 Mon, 05 Feb 2018 15:01:00 EST The Texas economy continues its broad expansion. Texas employment growth accelerated in the fourth quarter and was strong across most metros and industries. Behind the Numbers: PCE Inflation Update, December 2017 https://www.dallasfed.org:443/research/pce/2017/pce1712 Fri, 02 Feb 2018 14:12:00 EST The headline, or all-items, PCE price index rose at a 1.3 percent annualized rate in December, as a sharp decline in gasoline prices weighed on the headline index. Data Point to Momentum in GDP Growth as Year Begins https://www.dallasfed.org:443/research/update/us/2018/1801 Fri, 02 Feb 2018 18:20:00 EST U.S. economic growth slowed in fourth quarter 2017 following two strong quarters. The Death of the Phillips Curve? https://www.dallasfed.org:443/research/papers/2018/wp1801 Fri, 02 Feb 2018 12:49:00 EST Are inflation dynamics well captured by Phillips Curve models, or has this framework become less relevant over time? The evidence for the U.S. suggests that the slopes of the price and wage Phillips Curves– the short-run inflation-unemployment trade-offs – are low and have got a little flatter. Global Interfirm Network Reveals Centrality of U.S. and Financial Sector https://www.dallasfed.org:443/research/eclett/2018/el1802 Fri, 02 Feb 2018 13:09:00 EST While there is evidence of direct contagion passing between firms in the global interfirm network, there are also indications that connectedness plays a role in a reduced likelihood of firm distress and improved performance. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1802 Thu, 01 Feb 2018 12:08:00 EST Austin economic growth remained robust in December. The Austin Business-Cycle Index accelerated as job growth remained above trend and the unemployment rate held at a very low level. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1802 Tue, 30 Jan 2018 16:07:00 EST Economic data were mostly positive for Houston in December. Employment grew, and business-cycle and leading indexes were indicative of healthy economic output and future growth. Construction and real estate metrics were mixed but pointed to a tighter housing market and increased construction ahead. Overall, the outlook for Houston remains positive. Texas Service Sector Activity Continues to Expand but at Slower Pace https://www.dallasfed.org:443/research/surveys/tssos/2018/1801 Tue, 30 Jan 2018 09:30:00 EST Texas service sector activity continued to increase in January, 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/sa1801 Fri, 26 Jan 2018 10:08:00 EST The San Antonio economy expanded at a robust pace in December. The San Antonio Business-Cycle Index grew at its fastest pace since early 2015. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep/2018/ep1801 Fri, 26 Jan 2018 10:00:00 EST El Paso economic activity continues to climb. Maquiladoras in Ciudad Juárez are still adding jobs, and trade through the El Paso port of entry is steady. Home sales in El Paso remain robust, near all-time highs. El Paso Economic Indicators https://www.dallasfed.org:443/research/indicators/ep Thu, 25 Jan 2018 13:25:00 EST <em>El Paso Economic Indicators</em> is a web publication of key economic indicators that offers a snapshot of the El Paso economy. Dallas-Fort Worth Economic Indicators https://www.dallasfed.org:443/research/indicators/dfw/2018/dfw1801 Wed, 24 Jan 2018 09:31:00 EST The Dallas–Fort Worth economy expanded modestly in December. The Dallas and Fort Worth business-cycle indexes continued to grow at year end, posting solid growth in 2017. Texas Economic Indicators https://www.dallasfed.org:443/research/indicators/tei/2018/tei1801 Mon, 22 Jan 2018 16:16:00 EST The Texas economy strengthened in 2017. Though Texas employment growth was slower than expected in December, the Texas Leading Index strengthened. Texas Job Growth Swings More with Services than Oil https://www.dallasfed.org:443/research/eclett/2018/el1801 Fri, 19 Jan 2018 14:19:00 EST As the Texas economy diversified after the 1980s oil bust, the link between overall economic growth and the oil and gas sector weakened. Energy Indicators https://www.dallasfed.org:443/research/energy/indicators/2018/en1801 Thu, 18 Jan 2018 12:17:00 EST Indicators for the Texas oil and gas sector continued to improve in December. Prices for West Texas Intermediate (WTI) crude oil rose in December. Texas oil and gas employment expanded further in November, marking 10 consecutive months of increases. Permian Basin Economic Indicators https://www.dallasfed.org:443/research/indicators/pb Wed, 17 Jan 2018 17:39:00 EST <em>Permian Basin Economic Indicators</em> is a monthly web publication of key economic indicators that offers a snapshot of the Permian Basin economy. Austin Economic Indicators https://www.dallasfed.org:443/research/indicators/aus/2018/aus1801 Fri, 05 Jan 2018 08:00:00 EST Economic growth in Austin was robust in November. The Austin Business-Cycle Index accelerated as jobs remained strong and the unemployment rate held at a very low level. Houston Economic Indicators https://www.dallasfed.org:443/research/indicators/hou/2018/hou1801 Thu, 04 Jan 2018 09:50:00 EST Houston economic activity continued to improve in November. The Houston Business-Cycle Index ticked up, employment totals surpassed pre-hurricane levels, and mining-related employment increased. Agricultural Survey https://www.dallasfed.org:443/research/surveys/agsurvey/2017/ag1704 Tue, 02 Jan 2018 12:52:00 EST Bankers responding to the fourth-quarter survey noted conditions had turned dry again across a number of regions.