A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.

NPFD's variable rate strategy and focus on investment grade financials provide resilience. Click here to read why I rate NPFD a hold.

Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

President Donald Trump on Thursday visited the Federal Reserve building to tour its renovations as he pushes the agency to cut interest rates. Trump was joined by Federal Reserve Chairman Jerome Powell and stood in the middle of the ongoing renovations during a press conference.

The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, which has sat at 4.25% to 4.5% since December. The decision will go public at 2 p.m. Eastern time on Wednesday, and Fed Chair Jerome Powell will address the media at 2:30 p.m.

Brazil's central bank will hold its benchmark interest rate at a two-decade high of 15% on July 30, according to a unanimous Reuters poll, although economists said it could acknowledge some moderation of inflation expectations.

“In 2018, [Federal Reserve Chairman Jerome] Powell brought down interest rates during the Biden administration, and then now he won’t even bring it down when the economy is thriving," the HUD secretary said. "And so, I don’t understand it.