Labor Scarcity, Trade Woes Squeeze Texas Business, Survey Finds
Businesses face difficulty both trying to hire in a historically tight labor market and navigating tariffs and trade policy uncertainty.
U.S. Economic Rebound Uneven amid Resurgent Local COVID-19 Outbreaks
A full recovery to pre-pandemic levels of economic activity appears unlikely until the virus is under control.
Texas Economy’s Rebound Stalls in July after Gains in May, June
The resurgence of COVID-19 in July appears to have reversed economic gains in Texas that emerged when the virus’ frequency abated in May and June.
Texas Economic Conditions Improve as Price Pressures Build
Economic conditions in Texas have improved, with the Texas Business Outlook Surveys in February showing a pickup in growth after a deceleration in January.
Don’t Look to Oil Companies to Lower High Retail Gasoline Prices
While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.
Global Perspectives: Banco de México’s Alejandro Díaz de León on COVID-19, Trade and Inflation Targeting
Díaz de León and Dallas Fed President Robert S. Kaplan discussed COVID-19, the United States–Mexico–Canada Agreement (USMCA) and inflation targeting.
COVID-19 Exposes Mortgage Market Vulnerabilities that Led to Volatility, Fed Intervention
The COVID-19-induced financial market shock in March 2020 significantly disrupted the market for agency mortgage-backed securities.
Texas Economy Keeps Growing Despite More Pessimistic Outlook
The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.
A Tale of Boom and Bust: What Drives Dry Bulk Freight Rates?
As events in the past year have amply demonstrated, volatility in shipping markets is very much back after a period of relative tranquility. Thus, the Baltic Exchange Dry Index, a measure of shipping costs, nearly quadrupled from January to June 2020 as the shocks of COVID-19 first ravaged, then propelled international trade in bulk commodities. Even one-time events, such as the Suez Canal blockage in late March 2021, suddenly roiled global shipping markets.
Texas Weekly Employment Estimate Provides New, Early Economic Insights
In this environment where economic conditions change very quickly and can reverse with the spread of the virus, tracking the Texas economy requires a timelier indicator than standard quarterly and monthly economic measures.