NY Fed: Global supply chain pressure elevated in May

Key facts

• Global supply chain pressure remained elevated in May.
• The New York Fed's latest survey indicates these pressures.
• The war in the Middle East contributed to persistent supply chain disruptions.
• New York Fed President John Williams expressed concerns about these disruptions.

Global supply chain pressure remained elevated in May, according to data from the New York Federal Reserve. The ongoing disruptions, partly attributed to the war in the Middle East, suggest that inflation pressures will likely persist. New York Fed President John Williams has noted concerns regarding these ongoing challenges in global trade and logistics.