The New York Federal Reserve surmised global supply chain pressures decreased in August, continuing the easing observed over the past three months in the Global Supply Chain Pressure Index (GSCPI). The index showed the August decline was quite broad-based, with decreases in delivery times recorded for all the countries in the sample. A decline in backlogs in the United Kingdom also made a significant downward contribution to the index. The index uses 27 variables that are meant to capture factors … Continue reading “New York Fed Index Shows Global Supply Chain Pressures Decreased in August”
US Consumer Inflation Expectations for Year Ahead Fall to Lowest in Five Months in July
US consumer inflation expectations for the year ahead fell to 6.2% in July of 2022 the Federal Reserve Bank of New York said Monday. This was the lowest reading in five months and down from a record high of 6.8% in June. The bank’s July 2022 Survey of Consumer Expectations shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations fell sharply for gas (-4.2 percentage points to 1.5%, the second largest drop ever) and food price changes (-2.5 … Continue reading “US Consumer Inflation Expectations for Year Ahead Fall to Lowest in Five Months in July”
New York Fed Index Shows Global Supply Chain Pressures May Have Peaked
The New York Federal Reserve released a new Index, The Global Supply Chain Pressure Index (GSCPI). The NY Fed concluded that global supply chain pressures may have peaked and might start to moderate somewhat going forward. The index uses 27 variables that are meant to capture factors that put pressure on the global supply chain, both domestically and internationally. GSCPI twenty-seven variables: The 27 variables include shipping rates and air freight costs between the United States, Asia and Europe. The … Continue reading “New York Fed Index Shows Global Supply Chain Pressures May Have Peaked”