December 31, 2024
Anthony Murphy and Isha Parmar
Despite consumer price inflation falling considerably since peaking in 2022, household inflation-related stress and concern remain elevated, having dropped only slightly.
December 24, 2024
Emily Kerr and Ethan Dixon
The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, The Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production.
December 5, 2024
Enrique Martínez García, Manuel Sánchez and Luis B. Torres
The resulting reality surrounding nearshoring’s impact on Mexico’s economy is nuanced. While Mexico has made gains, many of them stem from trade diversion rather than large-scale foreign capital relocation.
December 3, 2024
Tyler Atkinson and Prithvi Kalkunte
Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.
November 26, 2024
J. Scott Davis
Large government budget deficits over the past 15 years have led to a large increase in the stock of government debt. But these government deficits have been matched by an increase in U.S. household savings.
November 19, 2024
Margherita Borella, Mariacristina De Nardi, Michael Pak, Nicolo Russo and Fang Yang
Changes in effective income taxes can impact labor supply with different outcomes for married couples and singles, and changes can have a particularly notable impact on married women.
November 14, 2024
Jesse Thompson and Isabel Dhillon
Economic expansion in Texas accelerated during September and October, pointing toward an improving regional economy after summer weakness.
November 12, 2024
J. Scott Davis
The U.S. net foreign asset position—the value of foreign assets held by U.S. residents minus the value of U.S. assets held by foreign residents—has fallen sharply since the 2008 Global Financial Crisis.
October 22, 2024
Christopher Otrok and Braden Strackman
The recent co-movement of inflation across countries, including the U.S., can be explained in part by global and regional factors. Policymakers, who have tended to more closely look closer to home may want to more broadly consider global events and pressures when addressing changing inflation pressures.
October 8, 2024
Tyler Atkinson
The sort of increase seen in the U.S. unemployment rate over the past year is an oft-noted predictor of recession. Yet, forecasters currently expect only a modest increase in unemployment with no recession. Is this a reasonable expectation, and if so, how is this unemployment episode different from others?