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Supply chain pressures cooled down last month, the Federal Reserve Bank of New York said on Friday, but it's possible the benign reading may be the calm before some turbulence arrives. The bank’s Global Supply Chain Pressure index moved to a reading of -0.15 in December from November’s upwardly revised 0.13. December's negative reading points to below-normal supply chain pressures, which suggests a diminished contribution to inflation pressures.

New yorkUnited statesRed seaDjibouti generalAnn saphirAndrea ricciJared bernsteinBruce kasmanNora szentivanyiMichaels derbyFederal reserve bankWhite house council of economic advisersGlobal supply chain pressureNew york fedMiddle eastWhite house council