Breitbart Business Digest: Goldilocks Has Arrived in Texas
Remember, Goldilocks was sleeping soundly, with her belly full of “just right” porridge, until the bears came home.
Remember, Goldilocks was sleeping soundly, with her belly full of “just right” porridge, until the bears came home.
Measures of new orders and general business activity show demand declining in Texas.
The Dallas Fed survey showed that payrolls are still growing in Texas, despite the decrease in demand. This does not look like an economy that is reeling from Fed hikes, much less one that is about to see inflation fall.
Texas manufacturers say prices are still rising and they expect them to keep going up.
The Federal Reserve Bank of Dallas announced this week that the oil and gas industry remained strong in the third quarter of 2018. The good news came amid pipeline capacity concerns in the Permian Basin.