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.

Most Fed officials have been more cautious about cutting rates, citing concerns that broad-based tariffs on U.S. trading partners could push inflation higher. The U.S. consumer price index rose by 2.7 ...

The personal consumption expenditures (PCE) price index, the central bank's preferred inflation gauge, increased 0.3 percent month-on-month in June, according to data released Thursday by the U.S.

RBA leans toward cuts amid cooling inflation; Fed cautious, holding rates steady due to tariffs, strong US growth, uncertain trade.