off-the-wire

New York Fed finds easing supply chain pressure in April

Kitco Media
By Reuters
Published:
Updated:
Reuters
New York Fed finds easing supply chain pressure in April teaser image

NEW YORK, May 6 (Reuters) - Supply chain pressures eased last month even as economies around the world rushed to position themselves for the impact of massive and shifting trade tariffs by the Trump administration.

The Federal Reserve Bank of New York reported Tuesday that in April its global supply chain pressure index stood at -0.29, versus March’s revised -0.17. The reading indicated no notable supply chain pressures.

Reporting by Michael S. Derby

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.