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Global supply chain pressures may have peaked, a new index suggests

2022-01-05 09:04:33       source:CNBC

January 4, 2021


The global supply chain pressures blamed for disrupting the flow of goods and sparking high inflation may have finally peaked, according to a new gauge from the New York Federal Reserve.


The Fed's new tool, which it unveiled in a blog post Tuesday, shows global supply chain pressures at dizzying levels. But it suggests those problems may have peaked in what could bring a welcome reprieve for a White House trying to quell fears about inflation levels not seen since Ronald Reagan was president.


The new metric, called the Global Supply Chain Pressure Index, documents disruptions to supply chains since 1997. The gauge has historically moved around its average.


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https://www.cnbc.com/2022/01/04/supply-chain-pressures-driving-inflation-may-have-peaked-ny-fed-index-suggests.html