NEW YORK, Aug. 12 (Xinhua) -- U.S. Treasury Secretary Scott Bessent said Tuesday that the Federal Reserve should cut interest rates by 50 basis points (bps) at its next meeting in September, adding th ...

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.