http://www.dallasfed.org/ The Federal Reserve Bank of Dallas serves the public by contributing to national monetary policy, supervising and regulating financial institutions, and helping maintain a strong payments system. http://www.dallasfed.org/images/rss-logo.gif http://www.dallasfed.org/ Thurs, Feb 2, 2012 18:15 CST http://www.dallasfed.org/news/speeches/fisher/2012/fs120202.cfm http://www.dallasfed.org/news/speeches/fisher/2012/fs120202.cfm "A Report on the Texas Economy and a Hawk(s)eye View on Recent Fed Pronouncements: What Does It All Mean?" Tues, Jan. 31, 2012 9:30 CST http://www.dallasfed.org/research/surveys/tssos/index.cfm http://www.dallasfed.org/research/surveys/tssos/index.cfm Texas service sector activity increased 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, rose from 9.8 to 13.7, with 32 percent of respondents noting revenue increased from December. Mon, Jan. 30, 2012 10:30 CST http://www.dallasfed.org/data/pce/index.html http://www.dallasfed.org/data/pce/index.html The trimmed mean PCE inflation rate for December was an annualized 1.5 percent. According to the BEA, the overall PCE inflation rate for December was 0.8 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.9 percent. Mon, Jan. 30, 2012 9:30 CST http://www.dallasfed.org/data/outlook/index.cfm http://www.dallasfed.org/data/outlook/index.cfm Texas factory activity increased in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 0.2 to 5.8, suggesting growth resumed this month. Fri, Jan. 27, 2012 15:45 CST http://www.dallasfed.org/research/update-reg/2012/1201.cfm http://www.dallasfed.org/research/update-reg/2012/1201.cfm The Texas economy continues to expand at a moderate pace. Texas employment grew at a 2 percent rate in 2011. Government employment rose in November and December following four months of sharp declines. Fri, Jan. 27, 2012 13:45 CST http://www.dallasfed.org/research/update-us/2012/1201.cfm http://www.dallasfed.org/research/update-us/2012/1201.cfm Recently released indicators suggest that overall economic activity picked up in the fourth quarter of 2011. Consumption, housing and inventory data are evidence of firmer growth. Fri, Jan. 27, 2012 12:45 CST http://www.dallasfed.org/institute/update/2012/int1201.cfm http://www.dallasfed.org/institute/update/2012/int1201.cfm The global economy is expected to slow. The Organization for Economic Cooperation and Development estimates in its January Economic Outlook that world gross domestic product (GDP) will grow 3.4 percent in 2012, following growth of 3.8 percent in 2011. This is down from 5 percent growth in 2010. Fri, Jan. 27, 2012 1:45 CST http://www.dallasfed.org/research/energy/en1104.cfm http://www.dallasfed.org/research/energy/en1104.cfm 2011 continued the upward trend in oil prices. West Texas Intermediate (WTI) oil prices averaged $95 per barrel in 2011, 19.7 percent higher than in 2010, but saw significant variability as concerns over the European debt crisis caused prices to fall midyear. Fri, Jan. 27, 2012 10:45 CST http://www.dallasfed.org/research/energy/en1104.cfm http://www.dallasfed.org/research/energy/en1104.cfm 2011 continued the upward trend in oil prices. West Texas Intermediate (WTI) oil prices averaged $95 per barrel in 2011, 19.7 percent higher than in 2010, but saw significant variability as concerns over the European debt crisis caused prices to fall midyear. Thurs, Jan. 19, 2012 7:45 CST http://www.dallasfed.org/research/update-mex/2012/mex1201.pdf http://www.dallasfed.org/research/update-mex/2012/mex1201.pdf The latest data suggest a pickup in activity in the fourth quarter. Industrial production ticked up, exports rose in November, and employment grew strongly in December. The peso fell relative to the dollar in December, and inflation increased considerably in November and December. Retail sales dipped in October. Fri, Jan. 13, 2012 15:30 CST http://www.dallasfed.org/research/staff/2012/staff1201.cfm http://www.dallasfed.org/research/staff/2012/staff1201.cfm Slack (as measured by the unemployment rate) and changes in slack are negatively correlated with changes in inflation and also deviations of inflation from long-forward inflation expectations. Thurs, Jan. 12, 2012 9:30 CST http://www.dallasfed.org/research/eclett/2012/el1201.html http://www.dallasfed.org/research/eclett/2012/el1201.html Volatility in house price growth in most developed countries substantially reemerged following the 2001 recession, signaling a departure from recent patterns, according to the latest issue of the Federal Reserve Bank of Dallas' Economic Letter. Tues, Jan. 10, 2012 7:30 CST http://www.dallasfed.org/research/update-hou/2012/hou1201.pdf http://www.dallasfed.org/research/update-hou/2012/hou1201.pdf Economic activity in the Houston metropolitan area, as measured by the Federal Reserve Bank of Dallas business-cycle index, grew at an annualized rate of 7 percent in November. This figure was accompanied by an upward revision of the October growth rate from 9.6 to 9.8 percent. Thurs, Jan. 5, 2012 9:30 CST http://www.dallasfed.org/research/agsurvey/2011/ag1104.pdf http://www.dallasfed.org/research/agsurvey/2011/ag1104.pdf Bankers responding to the fourth-quarter survey noted widespread impacts from severe drought conditions. Crop insurance was a major source of income for many farmers in 2011. Tues, Jan. 3, 2012 9:30 CST http://www.dallasfed.org/ca/pubs/nsp11.pdf http://www.dallasfed.org/ca/pubs/nsp11.pdf In fourth quarter 2011, the Dallas Fed asked Neighborhood Stabilization Program grantees in Texas for insights on their programs--their successes, challenges, impact, lessons learned and related information. Wednesday, Dec. 28, 2011 9:30 CST http://www.dallasfed.org/research/surveys/tssos/2011/1112/tssos1112.cfm http://www.dallasfed.org/research/surveys/tssos/2011/1112/tssos1112.cfm Texas service sector activity increased in December, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, fell from 14 to 9, which is indicative of slower revenue growth. Tues, Dec. 27, 2011 9:30 CST http://www.dallasfed.org/data/outlook/2011/1112/tmos1112.cfm http://www.dallasfed.org/data/outlook/2011/1112/tmos1112.cfm Texas factory activity weakened slightly in December, 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 but moved up from –5.1 to –1.3. This suggests a slowing of the pace of decline. Fri, Dec. 23, 2011 11:10 CST http://www.dallasfed.org/data/pce/index.html http://www.dallasfed.org/data/pce/index.html The trimmed mean PCE inflation rate for November was an annualized 1.2 percent. According to the BEA, the overall PCE inflation rate for November was -0.5 percent, annualized, while the inflation rate for PCE excluding food and energy was 1.0 percent. Thurs, Dec. 15, 2011 15:10 CST http://www.dallasfed.org/research/update-reg/2011/1108.cfm http://www.dallasfed.org/research/update-reg/2011/1108.cfm Growth in the Texas economy slowed slightly in October due to continued declines in state and local government employment and the further weakening of exports. Tues, Dec. 13, 2011 16:15 CST http://www.dallasfed.org/research/eclett/2011/el1114.html http://www.dallasfed.org/research/eclett/2011/el1114.html Because of changing expectations, core inflation that in the 1970s reacted strongly to fluctuations in commodity price inflation responds very little today. In the 1970s, the public was quick to change its outlook for future inflation in response to temporary commodity price shocks. However, in more recent decades, expectations have been largely unresponsive to commodity prices. Wed, Dec. 7, 2011 8:15 CST http://www.dallasfed.org/institute/houseprice/index.cfm http://www.dallasfed.org/institute/houseprice/index.cfm Access to international house price data with ample geographic and temporal coverage facilitates the work of researchers, scholars and policymakers interested in the study of housing through cross-country comparison and time series analysis. To promote this research and enhance understanding of its international dimension, the Globalization and Monetary Policy Institute has made available its own international house price database. Wed, Dec. 7, 2011 8:15 CST http://www.federalreserve.gov/generalinfo/foia/emergency-lending-financial-crisis-20111206.pdf http://www.federalreserve.gov/generalinfo/foia/emergency-lending-financial-crisis-20111206.pdf Chairman Bernanke responds to a series of recent articles concerning the Fed's emergency lending activities during the financial crisis and addresses some of the most serious errors and claims in those articles. Tues, Dec. 6, 2011 8:30 CST http://www.dallasfed.org/research/update-mex/2011/mex1109.pdf http://www.dallasfed.org/research/update-mex/2011/mex1109.pdf The Mexican economy accelerated slightly in the third quarter, according to recently released data. Mexico gross domestic product (GDP) grew 1.3 percent quarter over quarter, up from 1.1 percent in the second quarter. Slower growth in manufacturing, construction, mining and services was partly offset by robust growth in the agricultural sector.