Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures.

New tariffs on key building materials and persistently high interest rates are squeezing project budgets and increasing costs for the US construction industry.

Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.

Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.

The average checking account interest rate might surprise you. Here’s where the average interest rate on checking accounts currently stands.

House Speaker Rep. Mike Johnson (R-La.) joins 'Squawk Box' to discuss the passage of the One Big Beautiful Bill Act, President Trump's economic agenda, what's next on the legislative agenda, Epstein files,