Auto Industry on Road to Recovery from Pandemic
After a series of disruptions in March and April that coincided with the widespread outbreak in the U.S., the auto industry has entered a recovery period, though its path forward remains uncertain.
Insights from Dallas Fed Surveys: Uneven Economic Recovery Likely in Texas
The Dallas Fed’s Texas Business Outlook Surveys (TBOS) show that while recovery continued in some sectors in July, it faltered in others as new COVID-19 cases surged across the state.
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 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.
Global Perspectives: Richard W. Fisher on the COVID-19 Recovery, the Fed’s Response and the Future of Globalization
The Federal Reserve Bank of Dallas recently hosted Fisher, who served as president of the Federal Reserve Bank of Dallas from 2005 to 2015, as part of the Bank’s Global Perspectives speaker series.
Global Perspectives: William Dudley on the Financial Crisis, the New York Fed and Misconceptions about the Fed
Dudley and Dallas Fed President Robert S. Kaplan discussed Dudley’s role during the financial crisis, his leadership of the New York Fed and popular misconceptions about the Fed.
Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income
The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.
Dallas Fed Energy Survey Results Point to Bleak Outlook for Oil Industry
The price of West Texas Intermediate (WTI) crude oil has plunged more than 50 percent since the start of the year as the coronavirus (COVID-19) pandemic has taken hold and a dispute between energy giants Saudi Arabia and Russia threatens to flood the market with crude oil.
Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.