The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.

U.S. government debt was rallying on Friday, pushing the policy-sensitive 2-year yield lower, with uncertainty over the timing of the Federal Reserve's next policy move dominating trading sentiment. The 2-year yield slipped a few basis points to around 3.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

Interest rate swaps create cash flow stability for borrowers at a lower interest rate than if they had entered into a fixed-rate loan directly. At the same time, lenders are guaranteed to get their payments at the floating market rate.

Financial markets are betting the Federal Reserve sticks to its "wait and see" approach to interest rates this summer, but that by September it will have waited and seen enough to start cutting borrowing costs.

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

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,

Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as inflation remains sticky and the labour market resilient.