Inflation rates – both general and "core" readings – just dropped to their lowest points in over 3 years (though still above the Fed's target rate of 2%).
The average daily 30-year interest rate dropped today after the release of the new inflation readings.
Long-term, weekly average 30-year interest rates:
Stock markets have been hitting new highs one after another in 2024 (though declining as of mid-day EST today).
