All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas.
The report on the Fed’s recent Texas Business Outlook Surveys — recurring surveys of Texas business executives across industries — was published as President Donald Trump attempts to reshape the U.S. economy through aggressive immigration and trade policies through the first six months of his second term in office.
kAm%6I2D :?5FDEC:6D C6=J 962G:=J @? :>>:8C2?ED E@ 7:== ;@3D 2?5 :?E6C?2E:@?2= EC256 E@ D6== E96:C 8@@5D] &?46CE2:?EJ DFCC@F?5:?8 %CF>A’D E2C:77D 😀 8:G:?8 :?G6DE@CD A2FD6 2?5 :?4C62D:?8 4@DED 7@C 4@?DF>6CD H9:=6 E@F89 :>>:8C2E:@? 6?7@C46>6?E 😀 27764E:?8 E96 23:=:EJ @7 3FD:?6DD6D E@ C64CF:E 2?5 C6E2:? 6>A=@J66D[ 244@C5:?8 E@ E96 C6A@CE]k^Am
kAm“r6CE2:?=J 7C@> E96 AC:G2E6 D64E@C[ E9:D G@=2E:=:EJ @3G:@FD=J 4C62E6D F?46CE2:?EJ[” D2:5 t5 w:CD[ 2? 64@?@>:DE 2?5 6?6C8J 76==@H 2E E96 &?:G6CD:EJ @7 w@FDE@?] “x H@F=5 56=2J 2?J :?G6DE>6?ED[ 2?5 C62==J 2?JE9:?8 x’> 5@:?8] xE’D AC6EEJ 4=62C E96 64@?@>J 😀 @? 2 A2E9 E@ C646DD:@?] xE’D AC6EEJ 4=62C E96 64@?@>J 😀 @? 2 A2E9 E@ :?7=2E:@?] %96 ?F>36CD 2C6 E96C6]”k^Am
kAmy@3 8C@HE9 5C@AA65 3J `]bT >@?E9\@G6C\>@?E9 😕 yF?6[ 2?5 J62C\E@\52E6 ;@3 8C@HE9 H2D `]gT[ 244@C5:?8 E@ E96 C6A@CE]k^Am
kAmx>>:8C2E:@? 6?7@C46>6?E >2J 36 4@?EC:3FE:?8 E@ E96 D=@H5@H? 😕 E96 ;@3 >2C>:8C2E:@? A@=:4J[ 244@C5:?8 E@ E96 C6A@CE]k^Am
kAm#2J !6CCJ>2?[ 2 =@?8E:>6 %6I2D 64@?@>:DE[ D2:5 2D >F49 2D 92=7 @7 E96 28C:4F=EFC2= H@C6?E65 :>>:8C2?ED] xE 😀 5:77:4F=E E@ 82E96C 52E2 @? F?5@4F>6?E65 H@C>:8C2E:@? A@=:4J 😀 2=>@DE 46CE2:?=J 2? :>A24E @? E96 =23@C 7@C46[ !6CCJ>2? D2:5]k^Am
kAm“x7 J@F H2?E E@ 3F:=5 2?JH96C6[ 8C@H 2?JH96C6 @C 8@ 2?JH96C6[ J@F C62==J ?665 E96D6 7@=2? D2:5]k^Am
kAm%96 DE2E6’D 64@?@>J C6>2:?D C6D:=:6?E 4@>A2C65 E@ @E96C DE2E6D] %6I2D’ D=@H:?8 C2E6 @7 ;@3 8C@HE9 😀 DE:== 9:896C E92? E96 ?2E:@?2= 2G6C286 @7 _]fT >@?E9\@G6C\>@?E9 😕 yF?6[ 2?5 E96 DE2E6’D F?6>A=@J>6?E C2E6 4@?E:?F65 E@ 564=:?6 E@ cT]k^Am
kAm{F:D %@CC6D[ 2 D6?:@C 3FD:?6DD 64@?@>:DE H:E9 E96 s2==2D u65 2?5 2FE9@C @7 E96 C6A@CE[ D2:5 E96 5:G6CD:EJ @7 E96 DE2E6’D 64@?@>J 😀 :ED DEC6?8E9[ 2==@H:?8 :E E@ H62E96C 64@?@>:4 5@H?EFC?D 36EE6C E92? E96 ?2E:@? 2D 2 H9@=6]k^Am
kAm“(6 92G6 2== @7 E96D6 E9:?8D E92E 2C6 😕 72G@C @7 E96 %6I2D 64@?@>J… 2?5 E92E 8:G6D H2J E@ 9:896C =6G6=D @7 64@?@>:4 8C@HE9 E92? E96 C6DE @7 E96 4@F?ECJ[” %@CC6D D2:5]k^Am
kAm%2C:77\5C:G6? :?7=2E:@? 92D ?@E D2?J 64@?@>:DED 😕 @AA@D:E:@? E@ %CF>A’D EC256 A@=:4J AC65:4E65 2E E96 DE2CE @7 9:D E6C>[ 3FE E96 C6A@CE 4:E65 52E2 :?5:42E:?8 H92E “4@F=5 36 E96 368:??:?8 @7 E2C:77 A2DD\E9C@F89]”k^Am
kAm%96 %6I2D 4@?DF>6C AC:46 :?56I :?4C62D65 😕 |2J 27E6C 72==:?8 7@C >F49 @7 =2DE J62C 2?5 E9C@F89 E96 DE2CE @7 a_ad[ 244@C5:?8 E@ E96 C6A@CE] %96 4@C6 4@?DF>6C AC:46 :?56I[ H9:49 6I4=F56D E96 G@=2E:=6 AC:46D @7 7@@5 2?5 6?6C8J[ C@D6 `]`T]k^Am
kAm(9:=6 E96 C6A@CE D2:5 E96 :?7=2E:@? =6G6= 😀 =@H[ :E 42==65 E96 =24 a]cT 2E E96 368:??:?8 @7 E96 J62C] (9:=6 3FD:?6DD6D >2J 564:56 ?@E E@ A2DD @? E96 6?E:C6 4@DE @7 E2C:77D E@ 4@?DF>6CD[ “E96J H:== =:6[” 244@C5:?8 E@ E96 C6A@CE]k^Am