Why the Fed Watches the New York Fed's Supply Chain Index

On the 150th episode of The Federal Reserve Podcast, Lucas and Luna drill into a data point the Fed has quietly been leaning on: the New York Fed's Global Supply Chain Pressure Index. With imported-goods inflation cooling but the manufacturing survey flashing 'worse than pandemic era' price worries, the hosts explain why the Fed tracks the flow of shipping containers, port backlogs, and freight rates — and how a 1.2-point drop in the index helped justify the current pause. They also unpack the July ADP report's shockingly soft 44,000 private payrolls and what it means for the Fed's dual mandate. Along the way, they take a brief, honest moment about how listener support keeps the show ad-free, with a mention of buy me a coffee dot com slash fexingo. If you've ever wondered how the Fed separates noise from signal in a data fog, this episode is your decoder ring. #FederalReserve #SupplyChain #Inflation #MonetaryPolicy #EconomicData #ADPReport #FOMC #LaborMarket #Manufacturing #GlobalTrade #ShippingCosts #BreakevenRates #CorePCE #Economics #Finance #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo