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Meanwhile, In Texas, Executives Grapple With Fallout From Virus Spike
Late last month, when the Dallas Fed beat expectations for June, market participants immediately noted that the survey was stale given recent developments around the virus outbreak in the state.
"The problem is that Texas (along with Florida) is now the US epicenter for COVID-19, which means next month’s survey should be particularly interesting", I wrote at the time.
The June survey found the Dallas Fed asking Texas business executives a series of supplemental questions about the impact of
