Maersk said that explosions forced two ships operated by its US subsidiary that were carrying US military supplies to retreat when they were transiting the Bab al-Mandab Strait off Yemen, accompanied by the US Navy, , US Economic Activity, Red Sea Tensions, oil prices
US economic activity slowed in recent weeks as consumers pulled back on discretionary spending, the Federal Reserve said in its ‘Beige Book’ survey of regional business contacts.
The release comes two weeks ahead of the Fed s next rate-setting meeting, on Sept. 19-20, at which policymakers are widely expected to hold their target for short-term borrowing costs steady in the current 5.25%-5.5% range but to also leave open the door to a final quarter-point rate hike before the end of the year.