Articles providing critical insights and analysis on monetary policy issues impacting the U.S. economy and its deep financial and economic relationship with Mexico.
Surging population growth from immigration may have little effect on inflation
U.S. population growth increased sharply recently following a wave of immigration. This article examines what this surprise immigration surge could mean for the macroeconomy.
July 09, 2024
Mexico Economic Update
Mexico’s economy continues growing through second quarter
Mexico’s economy continued growing steadily through the second quarter, according to the monthly GDP proxy. However, high inflation and the recent increase in political uncertainty remain headwinds for the Mexican economy.
July 03, 2024
Unprecedented U.S. immigration surge boosts job growth, output
U.S. labor market conditions are among the main drivers of an unprecedented surge of immigration, the exact size and consequences of which are still being assessed.
July 02, 2024
Mexico Economic Update
Mexico’s economy improves in the first quarter of 2024
Mexico’s economy grew 1.1 percent in the first quarter, driven by the services sector, according to the national statistics bureau.
June 05, 2024
Strong peso, stubborn inflation cloud Mexico’s 2024 growth prospects
Mexican economic performance is likely to slow in 2024, with stubborn inflation, rising labor costs and a strong peso posing downside risks. Conversely, nearshoring and a larger-than-expected fiscal impact could bolster the Mexican outlook.
May 24, 2024
Swap lines curbed global dollar shortages, appreciation during COVID-19 crisis
During the initial weeks of the COVID-19 crisis, imbalances in the offshore dollar funding market led to safe-haven appreciation of the dollar. Fed swap lines between the U.S. central bank and counterparts abroad addressed these imbalances, subsequently helping reduce the cost of offshore dollar borrowing, reversing dollar appreciation and providing liquidity.
May 21, 2024
Podcast: Lagging productivity gains restrain Mexico’s economic prospects
Dallas Fed economists Sewon Hur and Pia Orrenius discuss how improving productivity could propel Mexico beyond the ranks of middle-income nations.
May 20, 2024
How global oil sanctions lowered Russian oil export prices
The decline in Russian oil export revenue since January 2022 was achieved by reducing the Russian export price rather than the volume of Russian oil exports.
May 14, 2024
Mexico’s productivity woes limit nearshoring, growth potential
Industrial policy reform, nearshoring and a deeper Mexico–U.S. partnership could provide tailwinds for Mexican economic growth. Whether Mexico can harness the full potential of such transformative change is less clear.
April 16, 2024
Speeches by Dallas Fed leadership
Understanding the evolving relationship between the United States and Mexico
Remarks by Roberto Coronado at the Western Hemispheric Trade Center Annual Conference at Texas A&M International University in Laredo.
April 12, 2024