NY Fed Develops New Measures For Supply Chain Pressure In Order To Better Predict Inflation: Reuters
As America is in the fourth year of inflation running well over 50% greater than the Fed’s statutory requirements, the New York Federal Reserve Bank has developed the Supply Availability Index to better track inflation.
“Noting that supply chain pressures are a key driver of inflation, the bank said in a press release that the new indexes “present a new gauge to measure how widespread supply disruptions are, understand if availability is improving, and track inflationary pressures and the impact on local firms.””
The new index will merge into established global supply chain indices maintained by the New York Federal Reserve which are used currently to measure manufacturing activity within the bank’s primary region and since it represents the financial capitol of the world, the larger global economy as well.
As the story of continued supply chain pressure and the resulting inflation are absolutely key to forming career building jobs, we are following this story very closely.
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