The Open Bell — Ep. 062 — 16 Sept 2026
Today on The Open Bell:
The interest rate your mortgage tracks just cracked 5% for the first time since 2007, and the Fed meets today with traders almost certain they're about to push it higher still.
Treasury Secretary Scott Bessent spent Tuesday telling Congress the economy is fine, which is a harder sell when you're doing it against a backdrop of 19-year high borrowing costs, oil above $107 a barrel, and an interest bill that's now the fastest-growing line in the entire federal budget.
Stocks had their worst session in weeks before the Fed has even opened its mouth, and if today's decision lands the way markets expect, Tuesday might start to look like the calm part.
If today helped you make sense of what's actually happening out there, a five-star rating takes about ten seconds and helps the next listener find the show.
New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:14 US 10-Year Yield Cracks 5% for First Time Since 2007 03:22 Treasury Secretary Bessent Defends Iran War Economy in Conte 05:45 US Equities Tumble as Dow Sheds 449 Points on Yield and Oil 07:18 Closing thoughts