Economic Indicators
Energy Indicators
Oil prices were affected little by Saudi Arabia’s decision to cut 1 million barrels a day (mb/d) in July. Crude and other liquids inventories in developed nations have been declining over the past year but are expected to rise through the end of 2024.
June 16, 2023
Southwest Economy
District banks meet challenging times from position of strength
Texas banks confront an increasingly challenging operating environment, as the state’s usually strong economic growth is predicted to slow later this year and the Federal Reserve’s rapidly rising interest rate environment pressures some institutions’ profitability.
June 01, 2023
Texas service sector growth holds steady in May; price and wage pressures ease
Growth in Texas service sector activity continued in May, according to business executives responding to the Texas Service Sector Outlook Survey.
May 31, 2023
Economic Indicators
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 25, 2023
Economic Indicators
Texas Economic Indicators
Texas’ economy expanded further in April. Employment gains accelerated in some sectors, while job openings moderated but remained elevated.
May 25, 2023
Corpus Christi
Corpus Christi’s export hub is about to get busier
During her first year at the Dallas Fed, President Lorie Logan is visiting communities all around the Eleventh Federal Reserve District.
May 25, 2023
Texas Employment Forecast
The Texas Employment Forecast indicates that jobs will increase 2.6 percent in 2023, with an 80 percent confidence band of 2.0 to 3.2 percent.
May 19, 2023
Economic Indicators
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 17, 2023
Dallas Fed Economics
Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
May 16, 2023
Dallas Fed Economics
Texas economic expansion slows; business outlooks weaken
The Texas economy’s modest expansion appears to be slowing despite having some pockets of strength.
May 11, 2023