The Dallas Fed studies economic conditions in the Eleventh Federal Reserve District to help inform the Fed’s monetary policy decisions at the national level. We share what we learn for public use.
Our resources include data, research and analysis for the entire district and for individual states, regions, metros and sectors.
Read a summary of anecdotal information on current economic conditions in the district. This regular Federal Reserve report is published eight times a year.
Dive into our survey reports to explore real-world insights from business leaders across the region. We gather their input to inform economic analysis and monetary policymaking.
Gain insights on local communities and how they’re working to build a strong economy in our region. Dallas Fed President Lorie Logan conducts an ongoing listening tour in the district and shares highlights from her tour stops.
Construction firms navigate cost, demand challenges in postpandemic era
Ken Simonson, chief economist for the Associated General Contractors of America, discusses the state of commercial construction in Texas and the U.S., including ongoing office and data center activity.
Texas job growth expected to pick up following flat 2025
Texas economic output grew in 2025 but did so with near-zero job growth. The last time that happened was in 2002–03, when the state emerged from the dot-com bust into an extended jobless recovery.
Mexican residents favor local retailers over cross-border shopping in Texas
Despite a relatively stable peso-dollar exchange rate that would normally favor shopping in the U.S., Mexican consumers increasingly stay closer to home.
Higher interest rates transform housing market, Texas real estate workforce
A pandemic-era period of relatively low interest rates and rising house prices drew a record number of new real estate agents to the field. Home prices have since remained high, but elevated interest rates and slowing sales have made the industry less attractive.
Texas electricity providers draw on variety of sources
Jim Burke, president and chief executive officer of Vistra Corp., the largest competitive power producer in the country, discusses the outlook for electric power generation in Texas as data centers and artificial intelligence demands are expected to reframe the business.
Processing Power: The Effect of Data Centers on Wholesale Electricity Markets
Artificial-intelligence-driven data centers are reversing two decades of flat U.S. electricity demand and have generated questions about how this growth will impact electricity prices. This paper quantifies this effect using an hourly, unit-level least-cost dispatch model covering wholesale electricity markets in the continental United States.
The Impact of the 2022 Oil Embargo and Price Cap on Russian Oil Prices
This paper documents the effect of the oil embargo and price cap on Russian oil exports in the wake of the Russian invasion of Ukraine in February 2022.
A Narrative Analysis of Federal Appropriations for Research and Development
This paper provides a narrative analysis of postwar federal appropriations for the research and development (R&D) activities of the Department of Defense, Department of Energy, National Aeronautics and Space Administration, National Institutes of Health and National Science Foundation—five agencies that consistently account for the vast majority of federal outlays for all types of R&D.
Deposit Convexity, Monetary Policy and Financial Stability
Banks and researchers conventionally model the response of deposit interest rates to market interest rates as constant, implying that deposits have nearly constant duration. Contrary to this standard assumption, this paper shows empirically that the “beta” of deposit rates to market rates increases as market rates rise, causing the duration of deposits to fall.
Investing in the Batteries and Vehicles of the Future: A View Through the Stock Market
A large number of companies operating in the EV and battery supply chain have listed on a U.S. stock exchange in recent years. This paper compiles a unique data set of high-frequency stock returns for those companies and investigates the extent to which an “industry” factor specific to the EV and battery supply chain (an “EV” factor) can explain their returns.
Married men work more hours than men who have never been married. Fixed effect regressions reveal that part of this gap is attributable to an increase in work around the time of marriage.
Despite growing interest in the impact of oil and other energy price shocks on inflation and inflation expectations, until recently this question has not received much attention. This survey not only presents empirical results for the U.S. economy, but expands the analysis to include other major economies.
