In February, the Federal Reserve Bank of New York reported a small increase in supply chain pressures, marking the first positive reading since Jan 2023.

The Federal Reserve Bank of New York reported a small increase in supply chain pressures in February, marking the first positive reading since Jan 2023, with the index rising to 0.1 from -0.23 in Jan. This follows a decline from the peak of 4.35 in Dec 2021, contributing to lower inflation. Geopolitical risks remain a concern, but have not yet significantly increased shipping disruptions or inflation.