New York Fed Says Global Supply Chain Pressures Declined in June

The improvement follows the easing of disruptions that had affected global energy shipments and trade flows through the Strait of Hormuz. While inflation remains above the Federal Reserve’s target, officials expect price pressures to moderate if shipping conditions continue to improve. Despite ongoing supplier delivery challenges, economists believe stabilising supply chains, lower oil prices, and recovering maritime traffic will support global trade, business confidence, and economic stability in the coming months.