Marketplace’s Paddy Hirsch on the origin of the term ‘fiat currency’ that you’ll often hear to describe U.S. dollars and other nations’ paper money:
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Chair Powell signals potential rate cuts, UK inflation remains high, Japan’s CPI surprises, and global data releases offer mixed signals on growth, sentiment, and monetary policy direction.
On a global basis, forget shale gas and oil.
Commodities have a positive beta to inflation
No one will know for sure, but I could imagine that if the end-of-quarter activity drove today’s gains, the rally likely won’t last and, more importantly, could be given back pretty fast.