World trade volume is expected to grow 3.5% in 2022 before slowing to 1.0% in 2023, revised down from 3.4%, according to the World Trade Organization (WTO). Global trade is expected to lose momentum due to the war in Ukraine, high energy prices, inflation and monetary tightening."In August, energy prices were up 78% year on year, led by natural gas...

The Federal Reserve raised interest rates for the third consecutive time on Wednesday by another 0.75 percentage points, and it is unlikely to be the last rate hike in the Fed's ongoing battle against inflation."Fed officials signaled the intention of continuing to hike until the funds level hits a 'terminal rate,' or end point, of 4.6% in 2023. Th...

Inflation at the wholesale level rose 8.7% year over year in August, according to the producer price index. Prices fell 0.1% from July to August, according to data from the Bureau of Labor Statistics released Wednesday."Just one day after August's disappointing Consumer Price Index report triggered a meltdown on Wall Street, a separate inflation re...

Construction workforce shortages undermine the industry's ability to complete projects on schedule and threaten the success of new federal investments in infrastructure and manufacturing, according to data from the Associated General Contractors of America (AGC) and Autodesk."Construction workforce shortages are severe and having a significant impa...

U.S. corporate profit margins grew in Q2 to the widest in 72 years, according to Wells Fargo. They found that nominal profits for GDP rose 6.1% (not annualized) during the quarter on a pre-tax basis, "the fastest pace in a year." Not only that, the $175 billion gain in profits in Q2, "lifted overall corporate profits to a record $3.0 trillion."Furt...