Texas economic conditions improve as price pressures build
Economic conditions in Texas have improved, with the Texas Business Outlook Surveys in February showing a pickup in growth after a deceleration in January.
March 25, 2021
Effects of COVID-19 on tourism, energy weigh on Texas, New Mexico, Louisiana
Economic performance within the individual states of the Eleventh District reflected those states’ underlying relative dependence on the tourism and energy sectors and the effects of restrictions on mobility and engagement during COVID-19.
March 23, 2021
COVID-19 risks expose vulnerabilities, downside risks to U.S. outlook
The COVID-19 crisis has adversely affected the U.S. economy, helping account for a projected 3.4 percent contraction in 2020. The Congressional Budget Office (CBO) anticipates a strong 4.6 percent rebound in 2021, making up for those losses.
March 02, 2021
Systemic risks, interdependencies weigh on 2021 global outlook
The path of economic recovery from the COVID-19 recession remains far from clear. A fitful rollout of vaccines and governmental responses to new variants of the virus loom over a global growth rebound that private forecasters estimate at 5.5 percent for 2021.
February 16, 2021
Pandemic pushed the U.S. into recession … and hourly wages rose?
The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.
February 09, 2021
Texas economy soft in January, but outlook optimistic for later in 2021
Regional economic conditions appeared to deteriorate in January after picking up at year-end, data show. Nonetheless, there is optimism regarding the outlook for growth later this year.
February 04, 2021
COVID-19 exposes mortgage market vulnerabilities that led to volatility, Fed intervention
The COVID-19-induced financial market shock in March 2020 significantly disrupted the market for agency mortgage-backed securities.
February 02, 2021
Pandemic economic lifeline: taxes on consumption, labor that fund stay-at-home subsidies
Stay-at-home subsidies funded by taxes on consumption and labor—activities that contribute to viral transmission—can simultaneously reduce deaths and increase output.
January 12, 2021
Does homeownership provide an escape from high rent burdens?
Many first-time homebuyers—often with little savings and vulnerable to economic shocks—obtain their mortgages through the Federal Housing Administration (FHA) loan program. Often, these borrowers are moving from apartments and have presumably weighed the costs of renting versus owning.
January 05, 2021
COVID-19 resurgence across Texas depresses economic growth
Texas job growth has slowed after new daily COVID-19 cases in the state began surging in mid-October.
December 24, 2020