The Dallas Fed builds connections with the people and communities we serve in Texas, Louisiana and New Mexico. We’re building a strong economy together.
Mexico Economic Update: GDP contracted an annualized 53.2% in Q2 2020—its largest quarterly drop on record—due to COVID-19. The steep decline will likely result in further downward revisions to the 2020 growth outlook, which currently stands at -8.8%.
Dallas Fed President
@RobSKaplan
discusses the importance of mask wearing to flatten the coronavirus curve and support U.S. economic growth with
@MariaBartiromo
on
@FoxBusiness
.
Texas Manufacturing Survey: Growth in factory activity decelerated sharply in June. The production index, a key measure of state manufacturing conditions, fell from 18.8 to 2.3, reaching its lowest reading since May 2020.
In a conversation with
@RobSKaplan
, Agustín Carstens of
@BIS_org
discussed the global economy, inflation, cryptocurrencies, trade and more. Watch the complete interview:
#techdisrupts
The fall in Russian petroleum exports has been somewhat smaller than the initial estimate.
Trading houses are purchasing the oil and keeping it in commercial storage in Europe, from where it may be potentially resold, bypassing financial sanctions.
We argue that the underlying causes of the real house prices run-up differ from those during the last housing boom. There is growing concern that U.S. house prices are again becoming unhinged from fundamentals.
Today the Dallas Fed welcomed Lorie Logan as our new president and CEO. Our staff is excited to be working with her on her first priority: to get to know the people, economy, strengths and challenges of the region we serve.
The latest release of the International House Price Database shows house prices continued to outgrow income in Q4 2021. This is the largest housing affordability deterioration recorded since 1975, with the next-highest peak in Q2 2005. See the data at:
Texas Manufacturing Outlook Survey: The production index fell six points to -11.2—its lowest level since May 2020. Contraction continued with declines seen in new orders, production and capital spending. For more data, click here:
U.S. Economic Update: Preliminary estimates suggest that output growth remains healthy but has slowed in the fourth quarter. Wage growth continued its upward trajectory in November while inflation remained at or close to the Fed’s 2% target.
At the
@ecb
Conference on Money Markets 2023 in Frankfurt, Germany, Dallas Fed President Lorie Logan delivered the keynote address titled "Ample reserves and the Friedman rule."
Read the remarks:
UT Southwestern infectious disease, epidemiology experts discuss the COVID-19 pandemic with Dallas Fed President
@RobSKaplan
in a live online broadcast on June 24.
#DallasFedGP
🔗 Register now:
Almost half of the International House Price Database sample is showing signs of exuberance in the latest release, levels not seen since the boom prior to the Global Financial Crisis. View the data here:
In celebration of
#BlackHistoryMonth
,
@DallasMayor
@Johnson4Dallas
participated in an engaging Q&A with Dallas Fed employees. He talked about his upbringing in West Dallas, what led him to the mayor's office and the importance of diversity in our society.
Tag along with us as we spotlight different "At the Heart of Texas" areas, starting with the State of Texas as a whole!
➡️Nearly half of the state's total workforce is not native to Texas
➡️Texas is the largest exporting state in the nation
Read more 🔗
Texas Manufacturing Survey: Factory activity declined further in April. The production index, a key measure of state manufacturing conditions, pushed further negative from -35.3 to -55.3.
🔗:
Dallas Fed President Lorie Logan spoke on a panel about market monitoring and the implementation of monetary policy at the annual meetings of the International Banking, Economics and Finance Association and the American Economic Association. Read more:
U.S. real
#GDP
growth has overtaken our measure of aggregate emerging market GDP growth for the first time since 2002. Visit
@DallasFed
’s Database of Global Economic Indicators to stay informed on global trends.
🔗:
What are experts in
#supplychain
saying about protectionism and the end of free trade? Find out in the first session from
@pol_antras
and
@a_presbitero
at the Supply Chain Conference on Oct. 20th. Read more about the speaker lineup and agenda below.
The growing level of government debt to GDP is not likely to be sustainable, says Dallas Fed President Rob Kaplan in the latest Dallas Fed Explains video.
Since Russia invaded Ukraine, prices of a range of commodities, including energy, foods & metals, have experienced some of the largest increases since the 1970s. Ongoing developments in commodities should be monitored for impacts on financial conditions.
In an interview with
@mckonomy
on
@BloombergTV
, Dallas Fed President
@RobSKaplan
discusses the importance of mask-wearing for economic recovery, as well as monetary policy, the energy sector and more.
On
#InternationalWomensDay
, the
@DallasFed
is proud of our commitment to diversity and inclusion. We strive to make the Dallas Fed an inclusive environment in which all staff feel valued and respected, and their unique perspectives are encouraged.
#BalanceforBetter
We’d like to wish a big (virtual) welcome to our 2020 Dallas Fed summer interns! This class of 38 will be unlike any other because they’ll be working entirely remotely. We felt that it was important to keep our commitment to our interns during these difficult times.
Thanks to
@DallasMayor
@Johnson4Dallas
for the engaging Q&A with
@RobSKaplan
as part of a Black History Month program presented by our African-American/African Descendants Employee Resource Group.
In a speech delivered at the
@UTexasMcCombs
School of Business, Dallas Fed President Lorie Logan discussed inflation, employment, interest rates and the Fed’s balance sheet.
Low oil prices being good for the consumers would have seemed reasonable just a few years ago, but it is no longer accurate today. In the latest post on Dallas Fed Economics, we look at how this year's price drop is different from past episodes.
Texas Manufacturing Outlook Survey: The production index fell three points to -4.2, a reading indicative of a slight contraction in output. Price pressures evaporated, while wage pressures remained elevated. Read the latest survey here:
Pulitzer Prize-winning author
@DanielYergin
is the keynote speaker at the Nov. 5 Energy and the Economy conference hosted by the
@DallasFed
and
@KansasCityFed
.
📺In this conference preview, he discusses the evolving energy transition.
Register now:
#OOTT
As a symbol of support for the LGBTQ community, we’re proudly flying the rainbow Pride flag outside of our four offices in Dallas, El Paso, Houston and San Antonio.
🇲🇽 Mexico Economic Update: The consensus GDP growth forecast for 2019, compiled by
@Banxico
, was revised down to 1.3% in May from 1.5% in April. Read more about exports, economic activity, employment, the peso and more.
Texas Manufacturing Survey: Factory activity contracted in January after stabilizing in December. The production index, a key measure of state manufacturing conditions, dropped 17 points to -15.4—its lowest reading since mid-2020.
President Lorie Logan kicked off our Energy and the Economy conference this morning with the
@KansasCityFed
. Logan opened the event with her views on the energy sector, monetary policy and inflation. Read the full speech here:
#FedEnergy22
Dallas Fed President
@RobSKaplan
discusses the U.S. economic outlook, monetary policy, inflation, financial stability, the importance of public health protocols and more with
@kathleen_hays
on
@BloombergTV
.
Dr.
@AbdulElSayed
: "To understand where racial inequities and health exist, you have to leave the clinic and hospital to put yourself in places where people live and work and play for 99.9% of their lives."
📺 Watch
#RacismandtheEconomy
live:
The buffeted U.S. economy emerging from the COVID-19 crisis will face some familiar structural challenges that predated the virus—among them, the slowing growth of its workforce.
Despite stronger wage growth due to tightness of the labor market, workers are finding wages falling even further behind inflation. For workers who experienced a decline in their real wage in Q2 2022, the median decline was 8.6%.
Thanks to everyone visiting today for a special conference: Cryptocurrency and Blockchain Technology: A Special Forum for Women. There are more than 300 here learning about cryptocurrency and its application.
#CryptoForum
The
@DallasFed
's Trimmed Mean PCE inflation rate over the 12 months ending in April was was 1.8%. According to the
@BEA_News
, the overall PCE inflation rate was 3.6% on a 12-month basis.
#OPEC
has sold its agreement on output cuts as a success. A closer look suggests OPEC’s success story is far more muted, says Dallas Fed’s
#Energy
Update.
#OOTT
Read what former
@FederalReserve
Chair Janet Yellen said about becoming an economist, serving as Fed Chair and the lessons she learned from the Great Depression.
#DallasFedGP
Dallas Fed President
@RobSKaplan
discusses the U.S. economic outlook amid the pandemic with Bloomberg's
@mckonomy
during the
@business
Future of Finance event.
Trimmed Mean PCE: The inflation rate over the 12 months ending in Sept. was 2.3%. According to
@BEA_News
, the overall PCE inflation rate was 4.4% on a 12-month basis, and the inflation rate for PCE excluding food and energy was 3.6% on a 12-month basis.
@siliconlabs
@gttuttle
Global demand for U.S. natural gas has risen as many pandemic-induced limits on economic activity have been lifted, but domestic production has only slowly recovered.
Texas Manufacturing Survey: Recovery continues as factory activity expanded in August for the third month in a row following a record contraction in the spring. The production index came in at 13.1, down slightly but still indicative of moderate growth.
“Not only have student loan balances continued to increase but delinquencies have as well,” says Emily Ryder Perlmeter
@DallasFedComDev
.
#DallasCredit