In July 2025, the Dallas Federal Reserve reported a significant improvement in its general business activity index, which rose by 6.4 points from the previous month to reach a value of 2. This marks the first positive reading since February, indicating renewed optimism within the district's business environment. This outcome aligns with positive trends in US leading indicators, as recent agreements by White House officials have contributed to de-escalating tariff threats, potentially easing inflationary pressures. The revenue index experienced a notable surge, increasing by 10.4 points to 6.3. Simultaneously, employment saw an uptick of 4 points, reaching 2.8, while wages experienced a substantial increase of 15.6 points, reaching 13.4. Furthermore, the index measuring expectations for future revenue remained robust at 31.1, albeit slightly lower by 2.1 points compared to June.