I'm happy it's coming down, but yeah, we could use a rate cut to drive it back up, but whatever we do, do not quit printing money or letting illegals in.
Along with inflation, look at home loans. It's amazing the bottom has not fallen out of that market yet.
"In 2020, interest on a 30 year fixed was just under 3%, now it’s over 7%. The median home price in the US is about $425K. With 20% down, P & I at 3% is a $ 1,433 per month payment, at 7% that jumps to $2,262. That’s almost a 60% increase in less than four years."
Yeah, inflation is way down:
Bureau of Labor Statistics Data (bls.gov)