Economic Insight from the Dallas Federal Reserve

The GBEDF is thankful to its partners and for the opportunity to host the Dallas Federal Reserve in the region. It is important that northwest Louisiana is both represented and engaged in open dialogue of monetary policy discussion. Our region is home to critical industries which help to sustain not only the local economy but also contributes to the wider health of the U.S. economy.  Opportunities such as these allow us to better understand and discover new ways in which our local industries can contribute on the global scale.

COVID effects on consumer confidence, behavior and what’s in store

According to a consumer sentiment survey conducted by McKinsey and Company, 68 percent of Americans are not engaging in out of home activity and are waiting to see what is in store for public safety as restrictions are lifted. This sentiment could last more than six months as more Americans are getting comfortable with what some experts are calling “homebody economics”. This is leading to more home-based purchases such as home office furniture and home exercise equipment.