New York Fed index: Global supply pressures may be nearing peak
Global supply chain pressures, which are at historic highs and have prompted high inflation, may have peaked, Reuters reports, citing a new index released by the New York Federal Reserve (Fed) on Tuesday.
Key takeaways
“The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures.”
"More recently, the [index] seems to suggest that global supply chain pressures, while still historically high, have peaked and might start to moderate somewhat going forward.”
“Researchers found "enormous growth" in shipping costs since the beginning of the recovery from the lows at the start of the pandemic. But that growth has started to slow in recent months.”
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Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
