According to the CME FedWatch Tool, the odds of a September rate cut by the Fed rose to 93.4 percent later Tuesday, up from 85.9 percent a day earlier.

SYDNEY, Aug. 12 (Xinhua) -- Australia's central bank on Tuesday cut its key interest rate by 0.25 percentage points for the third time in 2025. The Reserve Bank of Australia (RBA) Monetary Policy ...