Dallas Fed Economics
Inflation forecasts based on money growth proved accurate in 2021, though generally unreliable
As money demand changes, and in particular as money velocity fluctuates with interest rates, this relationship can become unstable with money growth providing limited useful information for inflation forecasting.
February 20, 2024
Dallas Fed Economics
U.S. 30-year mortgage predominance doesn’t seem to delay impact of Fed rate hikes
After comparing economic data of the U.S. and other major advanced economies, we find tentative evidence that the slow adjustment of the outstanding mortgage rate in the U.S. has not played an important role in delaying the intended effects of the monetary tightening.
January 16, 2024
Opening remarks at panel on Market Monitoring and the Implementation of Monetary Policy
At the American Economic Association annual meeting, President Logan spoke about market monitoring and the implementation of monetary policy.
January 06, 2024
Dallas Fed Economics
Texas among states feeling most stressed by inflation
As consumer prices have climbed at a faster rate in Texas and surrounding states than nationally—food and shelter increasing even more—Texans are feeling especially stressed about rising prices.
November 07, 2023
Dallas Fed Economics
How long is the soft-landing runway for the labor market?
A normalized labor market likely entails a more-usual relationship between layoffs and labor market tightness indicators, and sooner or later, a higher unemployment rate.
October 19, 2023
Financial conditions and the monetary policy outlook
In a speech to the National Association for Business Economics, Dallas Fed President Lorie Logan said the monetary policy implications of recent rises in long-term interest rates depend on whether the increases result from economic strength or elevated term premiums.
October 09, 2023
Southwest Economy
Bankers, regulators absorb lessons of Silicon Valley Bank failure as new tests emerge
Ben Munyan, director of supervisory policy in the Banking Supervision Department at the Federal Reserve Bank of Dallas, discusses the challenges the banking industry faces in an era of rapidly rising interest rates and how Texas institutions have fared.
September 29, 2023
Restoring price stability requires careful calibration
Dallas Fed President Lorie Logan delivered these remarks before the Dallas Business Club at Southern Methodist University.
September 07, 2023
U.S. Economy
Behind the numbers: PCE inflation update, July 2023
The headline, or all-items, PCE price index rose an annualized 2.6 percent in July after increasing an annualized 2.5 percent in June.
August 31, 2023
Dallas Fed Economics
Location, location, location: Mortgage rate impact varies by metro
The role of individual housing markets and their sensitivity to mortgage rate changes play an important part in understanding the impact of higher rates.
August 15, 2023