The Open Bell — Ep. 073 — 1 Oct 2026
Today on The Open Bell:
The Fed's favorite inflation gauge, PCE, came in cooler than Wall Street expected for August, and the odds of another rate hike this month just collapsed, but mortgage rates are still sitting at 7.58% so the relief isn't exactly landing on anyone's doorstep yet.
Micron Technology just posted the kind of quarter that makes you reconsider everything you thought you knew about a chip company's ceiling: $54 billion in a single quarter, nearly four times where it was a year ago, because AI needs memory and Micron is essentially the only American company equipped to supply it at scale.
Japan's 10-year government bond yield, basically the price the Japanese government pays to borrow for a decade, just hit 3.10%, its highest level in roughly thirty years, and when the world's biggest creditor starts offering real returns at home, global money moves toward it and away from everywhere else.
If today's episode saved you a trip down a financial rabbit hole, a five-star rating on Apple Podcasts or Spotify helps the next listener find us.
New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:10 US PCE Inflation Cools to 3.4%, Slashing Fed Hike Odds for O 03:05 Micron Posts Record $54.2bn Quarter, Guided by AI Memory Sur 05:38 Japan 10-Year Yield Rises to 3.10%, Highest in Decades on Ha 07:38 Closing thoughts