A Fed rate cut could lower mortgage and credit card costs for borrowers this summer. However, financial experts warn that waiting for cuts might not be the best strategy for those carrying high-interest debt.

The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.

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.

Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,

Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."

Randall Kroszner, former Fed governor and economics professor at the University of Chicago Booth School, joins ‘Squawk on the Street’ to discuss the latest U.S. inflation data, his expectations for the Fed going forward,

Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent need to lower interest rates right now given that inflation is still too high, amid ongoing uncertainty about how trade tariffs will affect price pressures.