Federal Reserve Bank of Dallas

The Federal Open Market Committee should raise rates two, maybe three times to reach a neutral policy rate, Federal Reserve Bank of Dallas President Robert Kaplan said Friday.

The revenue index dropped to 21.5, from 25.4, a three-year high.

Texas factory activity growth, as measured by the production index, “maintained its strong momentum in August.”

The Federal Open Market Committee will have to raise the fed funds target rate three or four times to hit neutral rate.

Texas service sector activity “accelerated in July,” according to business executives.

Texas factory activity growth, as measured by the production index, suggested a “robust expansion.”

Texas service sector activity “continued to increase in June, although at a slightly slower pace than last month.”

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Texas service sector activity “accelerated sharply in May,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey.

Texas factory activity, as measured by the production index, “rose markedly in May,” reaching a 12-year high.