Leading Dallas Fed Indicator Negative on Low Oil Prices

May 6, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The Federal Reserve Bank of Dallas said a leading economic indicator for Houston turned negative, due, in part, to lower oil prices, just as OPEC+ opted to loosen voluntary production restraints.The Fed on Friday reported that its leading index for the Houston economy, based on a range of factors from single-home sales to the price of West Texas Intermediate crude oil, turned negative by March.