2015

Economic Indicators
Southern New Mexico Economic Indicators, Second Quarter 2015 image
Updated: August 28, 2015
Las Cruces continued to suffer from high unemployment rates and declining employment in the largest sectors of its economy during second quarter 2015. In contrast, Santa Teresa and its growing international trade activity, is a highlight for southern New Mexico.
Research Publications
Behind the Numbers: PCE Inflation Update, July 2015
Updated: August 28, 2015
The headline, or all-items, PCE price index rose at a 1 percent annualized rate in July, following stronger rates of 2.8 percent in June and 3.8 percent in May.
Research & Data
Trimmed Mean PCE Inflation Rate
Updated: August 28, 2015
The Trimmed Mean PCE inflation rate for July was an annualized 1.3 percent. According to the BEA, the overall PCE inflation rate for July was 1.0 percent, annualized, while the inflation rate for PCE excluding food and energy was 0.9 percent
Economic Indicators
San Antonio Economic Indicators, August 2015 image
Updated: August 27, 2015
The San Antonio economy accelerated in July. Growth in the metro business-cycle index picked up slightly, while job growth bounced back strongly after declining in June. The unemployment rate held steady at a low 3.5 percent. Despite growing more slowly than in 2014, San Antonio this year continues to weather the effects of oil price shocks well compared with Texas overall.
Economic Indicators
El Paso Economic Indicators, August 2015 image
Updated: August 27, 2015
The El Paso economy continued to expand in July. Payrolls rose at a 0.8 percent annualized rate as growth in services offset declines in the goods-producing sector.
Economic Indicators
DFW Economic Indicators, August 2015 image
Updated: August 25, 2015
The Dallas-Fort Worth economy expanded strongly in July. Year to date, the metroplex has created jobs at a 2.4 percent annualized pace, outperforming both the state's 1.3 percent and the nation's 1.8 percent rate. Home sales rose at a solid pace in July, and demand for office space remained strong in the second quarter. Unemployment in Dallas and Fort Worth held steady in July. Dallas Fed business-cycle indexes point to continued growth for the metroplex.
Research Publications
Permian Basin Economic Indicators, Second Quarter 2015 image
Updated: August 25, 2015
Permian Basin Economic Indicators is a quarterly web publication of key economic indicators that offers a snapshot of the Permian Basin economy.
Economic Indicators
Texas Economic Indicators, August 2015 image
Updated: August 24, 2015
The Texas economy strengthened in July. Employment growth climbed during the month, and unemployment held steady.
Economic Letter
Inflation Expectations Surveys Often Miss the Mark image
Updated: August 24, 2015
Even the most sophisticated surveys of inflation expectations appear to underperform a naïve econometric model that assumes a constant 2 percent annual rate.
Research & Data
Texas Employment Forecast
Updated: August 21, 2015
Incorporating the most recent employment data into the Dallas Fed's 2015 employment forecast leads to an upward revision from 1.0 percent to 1.3 percent (December/December). The new forecast suggests 154,200 jobs will be added in the state this year and employment in December 2015 will be 11.9 million.
News Releases
Robert Steven Kaplan Named President and CEO of Dallas Fed
Updated: August 17, 2015
The Federal Reserve Bank of Dallas today announced the appointment of Robert Steven Kaplan as president and chief executive officer. In this role, Kaplan will represent the Eleventh Federal Reserve District on the Federal Open Market Committee in the formulation of U.S. monetary policy and will oversee the 1,200 employees of the Dallas Fed.
Economic Indicators
Houston Economic Indicators, August 2015 image
Updated: August 14, 2015
The Houston Business-Cycle Index was essentially unchanged from May to June, contracting an annualized 0.1 percent.
Perspectives
Student Loans Part 2: Borrowing for a Future
Updated: August 12, 2015
While rising student debt remains a source of concern in the U.S., student loans nevertheless play an important role in financing higher education. The number of student borrowers in Texas and the amount borrowed continue to climb, as shown in Part 1 of the Federal Reserve Bank of Dallas' analysis of student loan activity in the state. Even so, Texans have low student loan debt compared with borrowers across the U.S.
Research Publications
Behind the Numbers: PCE Inflation Update, June 2015
Updated: August 7, 2015
The headline, or all-items, PCE price index rose at a 2.8 percent annualized rate in June.
Economic Indicators
Austin Economic Indicators, August 6, 2015 image
Updated: August 6, 2015
The Austin economy maintained a steady pace of growth in June. Job growth moderated to an annualized 2.4 percent rate but remained above the state's 1.8 percent.
National Economic Update
U.S. Economy Regains Footing, Set for Solid Year Ahead
Updated: August 5, 2015
Indicators released over the past two months suggest an upturn in U.S. economic activity.
Research Publications
Mexico Economic Activity Improves in Second Quarter
Updated: August 5, 2015
After a weak start to the year, Mexico's economy likely picked up slightly in the second quarter as the monthly proxy for gross domestic product (GDP) grew in April and May.
Globalization & Monetary Policy Institute
Advanced Economies Lead Moderate Global Growth
Updated: August 4, 2015
Forward-looking indicators point to a modest global expansion. The Purchasing Managers Index (PMI), which reflects the growth of the manufacturing sector, reached 52.9 for the world (excluding the U.S.) in June, its highest level since February 2014.
Research Publications
Are Texas' Economic Woes Nearing End? Hopeful Signs Emerge Regionally
Updated: August 4, 2015
Further glimmers of hope have emerged since mid-June, hinting that the worst of the energy bust may be past.
Economic Indicators
El Paso Economic Indicators, July 2015 image
Updated: July 31, 2015
The El Paso economy continued to expand in June. Job growth picked up to a 2.8 percent annualized rate, stronger than the state rate of 1.8 percent.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Strengthens Further
Updated: July 28, 2015
Texas service sector activity picked up in July, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 13.2 to 19.1.
Texas Manufacturing Outlook Survey
Texas Manufacturing Slump Moderates, Outlooks Improve
Updated: July 27, 2015
Texas factory activity declined slightly in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained negative but rose for a second month in a row to -1.9, suggesting further moderation in the decline in manufacturing output.
Economic Indicators
San Antonio Economic Indicators, July 2015 image
Updated: July 23, 2015
The San Antonio economy moderated in June. Employment contracted at a 1 percent annualized rate, contrasting with state job growth of 1.8 percent.
Economic Indicators
DFW Economic Indicators, July 2015 image
Updated: July 21, 2015
The Dallas-Fort Worth economy expanded in June at a faster pace than in May. Year to date, DFW payrolls grew 2.2 percent, outperforming the state's 1.2 percent rate.
Economic Indicators
Texas Economic Indicators, July 2015 image
Updated: July 20, 2015
The Texas economy grew moderately, with employment expanding at a 1.8 percent annual rate in June. Exports declined in May, while existing-home sales inched up in June and housing starts declined in May. The Texas Leading Index ticked up in May for the second consecutive month.
Research Publications
Dallas Beige Book
Updated: July 15, 2015
The Eleventh District economy grew at a moderate pace over the past six weeks.
Economic Indicators
Houston Economic Indicators, July 2015 image
Updated: July 9, 2015
After its sharpest contraction since 2009, the Houston Business Cycle Index returned to positive growth in May. The 2.5 percent annualized growth was the strongest reading of the year. Growth in the index was mostly due to a strong improvement in job growth in May.
Research Publications
Oil Markets Stabilizing, but OPEC Supply Raises Concerns
Updated: July 7, 2015
Oil prices ticked up and volatility declined during second quarter 2015.
Economic Indicators
Austin Economic Indicators, July 2, 2015 image
Updated: July 2, 2015
The Austin economy continued to grow strongly in May. Job growth picked up to a 6.6 percent annualized rate, triple the state rate of 2.1 percent. The unemployment rate further declined to a postrecession low of 3.2 percent
Financial Insights
Financial Insights—Do Falling Oil Prices Affect Texas' Tax Revenue and Municipal Bonds? image
Updated: June 30, 2015
The recent decline in oil prices has cost Texas millions of dollars in tax revenue.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Strengthens
Updated: June 30, 2015
Texas service sector activity improved in June, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, advanced from 3.8 to 13.2.
Research Publications
Agricultural Survey, Second Quarter 2015 image
Updated: June 29, 2015
Bankers responding to the second quarter survey reported receiving abundant rain, which has improved ground moisture and lake and stock tank levels.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Still Contracting
Updated: June 29, 2015
Texas factory activity declined again in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose to -6.5 but remained in negative territory, suggesting a fourth consecutive month of contracting output.
Economic Indicators
San Antonio Economic Indicators, June 25, 2015 image
Updated: June 25, 2015
Economic activity in San Antonio picked up in May. Jobs grew at an annualized 2.9 percent, slightly higher than the state’s 2.1 percent.
Research Publications
Behind the Numbers: PCE Inflation Update, May 2015
Updated: June 25, 2015
The headline, or all-items, PCE price index rose at a 3.8 percent annualized rate in May.
Economic Indicators
DFW Economic Indicators, June 23, 2015 image
Updated: June 23, 2015
The Dallas-Fort Worth economy slowed in May, with job growth dipping at a 0.6 percent annualized rate. Year to date, DFW employment grew 1.5 percent, outperforming the state's 1.1 percent rate.
Economic Indicators
El Paso Economic Indicators, June 23, 2015 image
Updated: June 23, 2015
The El Paso economy continued to expand in May, according to the Dallas Fed's El Paso Business Cycle Index.
Globalization & Monetary Policy Institute
Emerging Market Slump Highlighted by Slowdown of Chinese Economy
Updated: June 23, 2015
Heading into the second half of 2015, conditions improved in the U.S., among other advanced economies, while growth prospects for most emerging markets remain challenging and have even deteriorated.
Economic Indicators
Texas Economic Indicators, June 22, 2015 image
Updated: June 22, 2015
The Texas economy modestly expanded, with employment growing at a 2.1 percent annual rate in May. Exports rose in April, and construction contract values surged in May. The Texas Leading Index ticked up in April for the first time since August 2014.
Research Publications
Mexico Economy Slows in First Quarter
Updated: June 22, 2015
Mexico's economy grew at an annualized rate of 1.6 percent in the first quarter, down from 2.7 percent in fourth quarter 2014.
National Economic Update
First-Quarter Growth Disappoints, but Outlook Robust
Updated: June 19, 2015
Economic indicators released since late April suggest that momentum is returning following a weak first quarter. Downside risks to growth are largely external to the U.S., including concerns over the Greek debt negotiations and softer growth in emerging markets.
Economic Letter
A Real Appreciation for Recent Exchange-Rate Movements image
Updated: June 18, 2015
Recent movements in real exchange rates—a measure of relative prices—in the euro area and Japan are consistent with long-run adjustments toward levels predicted by economic fundamentals.
Research Publications
Is the Worst Over? Regional Economy Sees Hopeful Signs
Updated: June 18, 2015
The Texas economy had a rough start in 2015, with a sharp deceleration in growth from the end of 2014 to the beginning of 2015.
Economic Indicators
Houston Economic Indicators, June 11, 2015 image
Updated: June 11, 2015
After five months of slowing from its October 2014 peak, the growth rate of the Houston Business-Cycle Index turned negative in April as the index contracted by an annualized 3.6 percent due to a very weak April employment report.
Research Publications
Southwest Economy, Second Quarter 2015
Updated: June 4, 2015
In this issue: "Robust Regional Banking Sector Faces New Economic Hurdles," "On the Record: Trade Advocates, Cattlemen Have Beef with Meat Labeling Rules," "ADP Payroll Processing Data Can Provide Early Look at Texas Job Growth," "Spotlight: Chinese Slowdown Restrains Texas Exports."
Economic Indicators
Austin Economic Indicators, June 3, 2015 image
Updated: June 3, 2015
The Austin economy accelerated in April. Jobs grew at a rapid 7.7 percent annualized rate, far above the 1 percent growth for the state overall.
Research Publications
Dallas Beige Book
Updated: June 3, 2015
The Eleventh District economy grew at a slightly slower pace over the past six weeks than in the previous report.
Research Publications
Behind the Numbers: PCE Inflation Update, April 2015
Updated: June 1, 2015
The headline, or all-items, PCE price index was essentially unchanged in April, rising just 0.3 percent at an annualized rate.
Economic Indicators
San Antonio Economic Indicators, May 28, 2015 image
Updated: May 28, 2015
The San Antonio economy decelerated in April. Jobs contracted at a 0.5 percent annualized rate, in contrast with 1 percent growth in Texas overall.
Economic Indicators
DFW Economic Indicators, May 2015 image
Updated: May 27, 2015
The Dallas-Fort Worth economy expanded in April following a dip in March. Year to date, DFW employment grew 2.2 percent, outperforming both the state’s 0.8 percent and the nation’s 1.7 percent rate.
Economic Indicators
Texas Economic Indicators, May 27, 2015 image
Updated: May 27, 2015
The Texas economy expanded at a modest pace in April. Employment growth was positive during the month, and unemployment held steady.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Increases at a Slower Pace as Outlooks Improve
Updated: May 27, 2015
Economic Indicators
El Paso Economic Indicators, May 26 2015 image
Updated: May 26, 2015
The El Paso Business-Cycle Index expanded in April at the fastest pace since April 2014.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Contracts Further
Updated: May 26, 2015
Texas factory activity declined again in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell to -13.5, its lowest reading in six years.
Research Publications
Southern New Mexico Economic Indicators, First Quarter 2015 image
Updated: May 19, 2015
Southern New Mexico Economic Indicators is a quarterly web publication of key economic indicators that offers a snapshot of the Southern New Mexico economy.
Economic Letter
Liquidity Mismatch Helps Predict Bank Failure and Distress image
Updated: May 15, 2015
Liquidity mismatch—the risk of a bank being unable to fund increases in assets or meet its obligations as they come due—increased in the U.S. banking sector during the run-up to the financial crisis, especially at the largest institutions, contributing to bank failure and distress.
Research Publications
Houston Economic Indicators, May 14, 2015 image
Updated: May 14, 2015
The Houston Business Cycle Index has decelerated in five of the past six months.
Economic Indicators
Austin Economic Indicators, May 7, 2015 image
Updated: May 7, 2015
The Austin economy expanded modestly in March. Jobs grew at an annualized 0.4 percent rate, compared with a 1.2 percent contraction for the state overall. The unemployment rate remained flat at a low 3.4 percent.
Community Development Publications
Texas Small Business Needs Assessment Poll 2015 image
Updated: May 4, 2015
The data collected in this yearly report shed light on challenges, successes and changes for small business owners and help identify emerging issues, areas of strength and needed improvement in Texas' small business community.
Research Publications
Data on Mexico's First-Quarter Growth Offer Mixed Outlook
Updated: May 4, 2015
Mexico's economy likely slowed in the first quarter as the monthly proxy for gross domestic product came in flat in February.
Research Publications
Expectations of a Pickup Remain Despite Slow Start to 2015
Updated: May 1, 2015
Data released in the past six weeks have surprised to the downside, raising concerns that the nation's recovery may not have been as solid as previously thought.
Globalization & Monetary Policy Institute
Global Growth Uneven, Inflation Low
Updated: April 30, 2015
The global growth outlook remains mixed, with prospects improving in advanced economies and weakening in emerging economies.
Economic Indicators
El Paso Economic Indicators, April 2015 image
Updated: April 30, 2015
The El Paso economy continued to expand in March, albeit at a slower pace.
Research Publications
Behind the Numbers: PCE Inflation Update, March 2015
Updated: April 30, 2015
The headline, or all-items, PCE price index rose at a 2.1 percent annualized rate in March, identical to its rate of increase in February.
Research Publications
Regional Growth Slows in First Quarter
Updated: April 30, 2015
Texas economic growth decelerated in the first quarter, with employment expanding at a 0.7 percent annualized rate, down from 4.5 percent in fourth quarter 2014.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Picks Up
Updated: April 28, 2015
Texas service sector activity increased in April, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 10.7 to 14.6, its highest reading so far this year.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Weakens Again
Updated: April 27, 2015
Texas factory activity declined in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, posted a second negative reading in a row, coming in at -4.7.
Community Development Publications
Las Colonias in the 21st Century: Progress Along the Texas–Mexico Border
Updated: April 23, 2015
This report describes and analyzes opportunities, successes and challenges in infrastructure, housing, economic opportunity, education, and health in the Texas border colonias using both quantitative and qualitative data.
Economic Indicators
San Antonio Economic Indicators, April 23, 2015 image
Updated: April 23, 2015
San Antonio economic indicators were mixed in March. Jobs contracted at a 0.9 percent annualized rate, though this was less than the 1.2 percent contraction for the state. The unemployment rate still fell to 3.7 percent due to a decline in the labor force.
Reports on Regional Economic Activity
Texas Economic Update: April 2015 (Video) image
Updated: April 23, 2015
Mine K. Yücel, Dallas Fed senior vice president and director of research, provides updates on Texas employment.
Economic Letter
Investment Enhances Emerging Economies' Living Standards image
Updated: April 22, 2015
Investment helps countries at all levels of economic development reap productivity gains from new technologies and improve living standards. Investing to support innovation and a skilled workforce is as crucial for China as it is for the U.S.
Economic Indicators
DFW Economic Indicators, April 2015 image
Updated: April 21, 2015
The Dallas-Fort Worth economy slowed in March, with job growth declining for the first time in 15 months. For the first quarter, however, payrolls grew a modest 0.9 percent (annualized), faster than the state's 0.7 percent increase.
Economic Indicators
Texas Economic Indicators, April 20, 2015 image
Updated: April 20, 2015
The Texas economy weakened in March. Employment growth was negative for the first time in more than two years, while unemployment continued to edge down.
Research Publications
Dallas Beige Book
Updated: April 15, 2015
The Eleventh District economy grew at a moderate pace over the past six weeks, similar to the prior reporting period. Manufacturers mostly reported steady or increased demand. Retail reports were more mixed, but reports of automobile sales were consistently positive. Demand for nonfinancial services improved or held steady, and real estate activity remained solid.
Economic Letter
External Debt Sheds Light on Drivers of Exchange Rate Fluctuations image
Updated: April 14, 2015
During a financial panic, a major driver of exchange rate fluctuations is a country's amount of external debt, or funds borrowed from foreign lenders. However, not all debt has the same impact on rate movements.
Research Publications
Houston Economic Indicators, April 10, 2015 image
Updated: April 10, 2015
After four consecutive months of deceleration, the Houston Business-Cycle Index accelerated to a rate of 3.3 percent growth in February.
Economic Letter
Plunging Oil Prices: A Boost for the U.S. Economy, a Jolt for Texas image
Updated: April 9, 2015
Economic activity in the U.S. overall will benefit from the oil price collapse. The decline will, however, negatively affect oil-producing states such as Texas and North Dakota.
Research Publications
Oil Prices Retreat Following a Brief Uptick
Updated: April 6, 2015
Energy markets remained volatile during the first quarter, with oil prices rising temporarily before falling again to new lows.
Economic Indicators
San Antonio Economic Indicators, April 2, 2015 image
Updated: April 2, 2015
The San Antonio economy accelerated in February. Employment grew at an annualized rate of 5.9 percent, far outpacing Texas job growth of 1.3 percent. The unemployment rate fell to 3.8 percent, its lowest level since mid-2007. Indicators of retail activity suggest continued strength.
Economic Research Publications
Austin Economic Indicators, April 2, 2015 image
Updated: April 2, 2015
The Austin economy grew strongly in February. Jobs increased at an annualized rate of 4.5 percent.
Financial Insights
Help Wanted: Looking Beyond the Headline Unemployment Rate image
Updated: April 2, 2015
During the economic recovery following the 2008-09 Great Recession, the official, or headline, U.S. unemployment rate has fallen steadily. The unemployment rate peaked at 10.0 percent in October 2009 and is now, thankfully, very close to the "natural" rate of unemployment as inferred by the Congressional Budget Office.
Economic Indicators
DFW Economic Indicators, March 2015 image
Updated: March 31, 2015
The Dallas-Fort Worth economy continued to expand in February. DFW employment has grown 3.1 percent year to date, compared with 1.4 percent for the state and 2.3 percent for the nation. Home price appreciation has continued at a rapid clip, and apartment demand remains strong.
OMWI
Office of Minority and Women Inclusion: 2014 Congressional Report. image
Updated: March 31, 2015
Office of Minority and Women Inclusion: 2014 Congressional Report.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Increases but at a Slower Pace
Updated: March 31, 2015
Texas service sector activity continued to reflect expansion in March, according to business executives responding to the Texas Service Sector Outlook Survey. However, the revenue index, a key measure of state service sector conditions, edged down from 13.6 to 10.7, its lowest reading since October 2013.
Economic Indicators
Texas Economic Indicators, March 30, 2015 image
Updated: March 30, 2015
The Texas economy continues to expand, with employment growing at a 1.3 percent annual rate in February. Texas existing-home sales and housing starts ticked up in February, while single-family permits dipped. Texas exports declined in January after rising in December. The Texas Leading Index edged down for the fifth consecutive month in January, suggesting moderating employment growth ahead.
Research Publications
Behind the Numbers: PCE Inflation Update, February 2015
Updated: March 30, 2015
After three consecutive monthly declines, the headline, or all-items, PCE price index rose at a 2.1 percent annualized rate in February.
Research Publications
Agricultural Survey, First Quarter 2015 image
Updated: March 30, 2015
Bankers responding to the first-quarter survey reported receiving beneficial winter rain and snow but said more moisture is needed. Farm commodity prices remained low, and there was widespread concern among respondents about debt and profitability this year.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Weakens
Updated: March 30, 2015
Texas factory activity declined in March, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell to -5.2, posting its first negative reading in nearly two years.
Perspectives
In-School Savings Accounts Enhance Effective Financial Education: Learnings from OpportunityTexas
Updated: March 27, 2015
OpportunityTexas has played a leading role in developing research and programming around youth and college savings in the state. This article highlights the initiativeâ??s efforts to incorporate in-school savings accounts into existing state-mandated financial education curriculum, as well as its presentation at the most recent Financial Literacy and Education Commission meeting in D.C.
Economic Letter, March 2015
International Migration Remains the Last Frontier of Globalization image
Updated: March 26, 2015
Allowing greater international migration, though controversial, offers the potential of outsized economic output gains relative to what’s possible with further liberalization of trade or capital flows.
Economic Indicators
El Paso Economic Indicators, March 2015 image
Updated: March 24, 2015
The El Paso economy continued to expand in January, albeit at a slower pace than in December, according to the Dallas Fed's El Paso Business-Cycle index. In January, the index advanced at an annualized rate of 0.8 percent, compared with December's gain of 2.0 percent.
Globalization & Monetary Policy Institute
Monetary Policy Moves May Revive Listless Global Growth
Updated: March 20, 2015
In 2014, global real gross domestic product (GDP) grew 3 percent year over year, its lowest value since 2009.
Federal Reserve Bank of Dallas
2014 Financial Statement image
Updated: March 20, 2015
Financial Statements as of and for the Years Ended December 31, 2014 and 2013 and Independent Auditors' Report
Research Publications
Mexico Outlook Deteriorates Despite Faster Growth in Fourth Quarter
Updated: March 19, 2015
Mexico’s economy expanded 2.1 percent in 2014, according to official tallies, which measure annual average growth. Based on the four-quarter change, gross domestic product (GDP) growth came in at 2.6 percent last year, up from 1 percent in 2013.
Research Publications
Regional Economy Moderates
Updated: March 19, 2015
The Texas economy continues to expand, but there are signs that growth is slowing. Some major metro areas have begun to experience slower growth, especially in locations where energy industry jobs make up a large portion of employment
Research Publications
Labor Market Improves While Inflation Slumps
Updated: March 18, 2015
Economic indicators released since late January suggest that the U.S. will sustain trend growth in the medium term.
Southwest Economy, First Quarter 2015
On the Record: Immigrant Legalization Offers Range of Economic Gains, Some Fiscal Costs image
Updated: March 18, 2015
Pia Orrenius is a vice president and senior economist at the Federal Reserve Bank of Dallas. She has written extensively on the economic effects of immigration and coauthored the book Beside the Golden Door: U.S. Immigration Reform in a New Era of Globalization. She discusses the Obama administrationâ??s recently announced plans to legalize the status of several million unauthorized immigrants.
Southwest Economy, First Quarter 2015
Texas Metros' Rapid Growth Likely to Slow Following Energy Price Drop image
Updated: March 18, 2015
Houston and Midland will be most affected by the oil and gas sector's slump. Activity may slow in other Texas metropolitan areas, but they will avoid major fallout because of economic diversification that has occurred in recent decades.
Southwest Economy, First Quarter 2015
Lower Oil Prices Weaken Prospects for Job, Economic Growth in Texas image
Updated: March 18, 2015
Although the relative importance of oil and gas to the Texas economy has grown in recent years, lower energy prices are unlikely to halt net job growth statewide.
Southwest Economy, First Quarter 2015
Texas Facing Economic Headwinds in 2015 image
Updated: March 18, 2015
Texas job growth is likely to slow in 2015 from last yearâ??s rapid pace as the state economy absorbs the impact of collapsing energy prices that have curtailed oil patch activity.
Economic Research Publications
Austin Economic Indicators, March 13, 2015 image
Updated: March 13, 2015
The Austin economy expanded at a moderate pace in January.
Economic Indicators
San Antonio Economic Indicators, March 12, 2015 image
Updated: March 12, 2015
The San Antonio economy continued to expand moderately in January. Nonfarm payroll jobs grew at an annual rate of 3.1 percent, outpacing the state by over a percentage point. Unemployment ticked up slightly to 4 percent, though it remains near postrecession lows. While
Research Publications
Houston Economic Indicators, March 12, 2015 image
Updated: March 12, 2015
The Houston Business-Cycle Index increased just 1.1 percent in January after climbing a revised 4.7 percent in December.
Research Publications
Dallas–Fort Worth Economic Indicators, March 10, 2015 image
Updated: March 10, 2015
The Dallas-Fort Worth economy continues to expand at a solid pace. In January, DFW employment grew 4.6 percent, outperforming the state's 1.7 percent rate.
Economic Indicators
Texas Economic Indicators, March 9, 2015 image
Updated: March 9, 2015
The Texas economy continued to expand in January, albeit at a slower pace than in December. Existing-home sales, single-family permits and housing starts all fell in January.
Speeches by President Richard W. Fisher
Janet Yellen Is No Mae West!
Updated: March 9, 2015
Remarks before Rice University's Baker Institute for Public Policy Founding Director's Lecture Series
Speeches by President Richard W. Fisher
Homage to Texas, the Great People of Dallas and the Staff of the Dallas Fed
Updated: March 6, 2015
Remarks before the Dallas Regional Chamber
Research Publications
Dallas Beige Book
Updated: March 4, 2015
The Eleventh District economy expanded at roughly the same pace as in the prior reporting period.
Research Publications
Behind the Numbers: PCE Inflation Update, January 2015
Updated: March 2, 2015
The headline, or all-items, PCE price index fell at a 5.3 percent annualized rate in January, as gasoline prices recorded their biggest one-month drop since December 2008.
Economic Research Publications
El Paso Economic Indicators, February 24, 2015 image
Updated: February 24, 2015
Overall economic activity continues to expand in El Paso, according to the Dallas Fed's El Paso Business-Cycle index.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Continues to Expand and Business Conditions Improve Slightly
Updated: February 24, 2015
Texas service sector activity continued to reflect expansion in February, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, edged up from 12.1 to 13.6 but remained below its 2014 average.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Remains Flat
Updated: February 23, 2015
Texas factory activity posted a second month of no growth in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained near zero (0.7) and indicated output was essentially unchanged from January levels.
Speeches by President Richard W. Fisher
Remarks Upon Acceptance of the Mexican Order of the Aztec Eagle
Updated: February 17, 2015
Remarks Upon Acceptance of the Mexican Order of the Aztec Eagle
Community Development Publications
COS: Modest Job Improvement Encourages Service Providers in Eleventh District image
Updated: February 17, 2015
In January 2015, we asked service providers how they evaluated changes in the needs of low- and moderate-income (LMI) households—ranging from the availability of jobs and affordable housing to financial well-being and access to credit—for the last six months of 2014.
Research Publications
Houston Economic Indicators, February 12, 2015 image
Updated: February 12, 2015
The Houston Business-Cycle Index decelerated to 4.3 percent growth in December after rising a revised 5.8 and 7.2 percent in November and October.
Speeches by President Richard W. Fisher
Suggestions After a Decade at the Fed
Updated: February 11, 2015
Suggestions After a Decade at the Fed (With Reference to Paul Volcker, Roosa Boys, Hogwarts, the Death Star, Ebenezer Scrooge, Mae West, Herb Kelleher, Worms and Camels, Peter Weir, Charles Kindleberger, Pope Francis and Secretariat)
Economic Research Publications
Austin Economic Indicators, February 5, 2015 image
Updated: February 5, 2015
The Austin economy grew at a stable pace in December. Jobs expanded at a modest annualized rate of 0.7 percent, while the unemployment rate fell sharply to 3.7 percent.
Globalization Institute Publications
2014 Globalization & Monetary Policy Institute Annual Report
Updated: February 5, 2015
This year's institute annual report contains essays by three of the senior staff of the institute explaining how their individual research programs have helped advance our understanding of globalization.
Globalization & Monetary Policy Institute
U.S. Shines Despite Dim Global Outlook
Updated: February 3, 2015
Weakness in the euro area, Japan and some emerging economies (especially oil-exporting countries) has dimmed the global outlook.
Research Publications
Behind the Numbers: PCE Inflation Update, December 2014
Updated: February 2, 2015
The headline, or all-items, PCE price index fell at a 2.8 percent annualized rate in December, following a 2 percent rate of decline in November.
Reports on Regional Economic Activity
Texas Economic Update: January 2015 (Video) image
Updated: February 2, 2015
Mine K. Yücel, Dallas Fed senior vice president and director of research, provides updates on Texas job growth and the energy sector.
Research Publications
Mexico Outlook Deteriorates Despite Faster Growth in Fourth Quarter
Updated: January 30, 2015
Mexico’s economy expanded 2.1 percent in 2014, according to official tallies, which measure annual average growth. Based on the four-quarter change, gross domestic product (GDP) growth came in at 2.6 percent last year, up from 1 percent in 2013.
Research Publications
Oil Price Decline Continues; Consumer Sentiment Drives Output
Updated: January 30, 2015
Economic data released since mid-December indicate robust growth in the second half of 2014. Oil prices continued to decline, boosting household real disposable income.
Research Publications
Mexico Economy Plods Along Despite Headwinds
Updated: January 30, 2015
Mexico's economy continued growing into the fourth quarter as the monthly proxy for gross domestic product (GDP) picked up in October and November following lackluster third-quarter output growth of 2 percent.
Economic Research Publications
San Antonio Economic Indicators, January 29, 2015 image
Updated: January 29, 2015
San Antonio Economic Indicators is a monthly web publication of key economic indicators that offers a snapshot of the San Antonio economy.
Research Publications
Regional Outlook: Moderate Growth Ahead
Updated: January 29, 2015
Economic growth in the Eleventh District moderated somewhat as oil prices fell to five-year lows. Oil well permits and the Texas rig count have seen significant declines, and exports have continued to fall.
Economic Research Publications
El Paso Economic Indicators, January 27, 2015 image
Updated: January 27, 2015
Overall economic activity continues to expand in the El Paso metropolitan area, according to the Dallas Fed's El Paso Business-Cycle index.
Research Publications
Dallas–Fort Worth Economic Indicators, January 27, 2015 image
Updated: January 27, 2015
The Dallas-Fort Worth economy continued to expand at a solid pace in December. In 2014, DFW employment grew at 3.6 percent, matching the state's 3.6 percent rate but outpacing the nation's 2.1 percent increase.
Texas Service Sector Outlook Survey
Texas Service Sector Activity Increases at a Slower Pace as Optimism Wanes
Updated: January 27, 2015
Texas service sector activity expanded at a slower pace in January, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, dropped from 22.2 to 12.1, its lowest reading in 11 months.
Economic Indicators
Texas Economic Indicators, January 26, 2015 image
Updated: January 26, 2015
The Texas economy continues to expand, with employment growing at a 3.7 percent annualized rate in December.
Texas Manufacturing Outlook Survey
Texas Manufacturing Activity Stalls and Outlook Worsens
Updated: January 26, 2015
Texas factory activity was flat in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, came in at 0.7, indicating output was essentially unchanged from December.
Economic Letter
Current Account Surplus May Damp the Effects of China's Credit Boom image
Updated: January 20, 2015
In contrast to similar credit expansions in the euro periphery in the 2000s and East Asia in the 1990s, China's credit boom is far less likely to end in a dramatic bust because it's financed by domestic savings.
Research Publications
Dallas Beige Book
Updated: January 14, 2015
The Eleventh District economy expanded at a slightly slower pace over the past six weeks than in the previous report.
News Releases
2015 Texas Job Growth Forecast Still Healthy Despite Oil Price Shock, Says Dallas Fed
Updated: January 13, 2015
State Projected to Add 235,000 to 295,000 Jobs This Year; Less Than 2014, According to Bank's Annual Texas Economic Outlook
Research Publications
Houston Economic Indicators, January 2015 image
Updated: January 8, 2015
The Houston Business-Cycle Index growth rate slowed to 6 percent in November from 7.4 percent in October.
Research Publications
Oil Prices Plummet amid Growing Supply–Demand Imbalances
Updated: January 8, 2015
Oil prices plunged during the fourth quarter as a result of expanding world oil supply and changes in expectations for future supply and demand.
Economic Indicators
Texas Economic Indicators, January 2015 image
Updated: January 7, 2015
The Texas economy continues to expand, with employment growing at a 3.2 percent annual rate in November. Texas existing-home sales, single-family permits and housing starts all fell in November. Texas exports decreased from October to November. Manufacturing activity rose at a faster pace in December than in November, according to the Texas Manufacturing Outlook Survey.
Economic Research Publications
Austin Economic Indicators, January 2015 image
Updated: January 2, 2015
The Austin economy grew at a steady pace in November. Jobs grew at a modest pace of 2.3 percent annualized, while the unemployment rate remained flat at a low 4.1 percent.

 

Addition History

2014 Recent Additions »

 
 
 

Federal Reserve Bank of Dallas Seal
Federal Reserve Bank of Dallas

2200 N. Pearl St., Dallas, Texas 75201 | 214.922.6000 or 800.333.4460
Disclaimer / Privacy Policy