New York Fed says global supply chain pressures eased in October
SPY•The New York Fed’s Global Supply Chain Pressure Index fell to 1.26 in October from an upwardly revised 1.36 in September.
1. Index declines
The New York Fed said its monthly Global Supply Chain Pressure Index fell to 1.26 in October from an upwardly revised 1.36 in September. The bank did not explain the movement and said the index had been under modest pressure in recent months amid supply disruptions tied to President Donald Trump’s Middle East war.
