NY Fed index shows global supply chain pressures eased further in March
The New York Fed index points to ongoing improvements in the kinks that had once been a major driver of the highest levels of inflation seen in the U.S. in decades. Surging price pressures have driven the Fed to embark on a very aggressive campaign of raising its short-term rate target to bring inflation, which was 5% by a key measure in February, back to the central bank’s 2% target
