Wall Street is heading into the close on Wednesday with two things on its mind: the Fed's favorite inflation gauge and Micron Technology. According to Bloomberg, US stocks paused ahead of both, with the inflation data key for interest rates and Micron's report key for the AI trade. Micron reports fiscal fourth-quarter results after the closing bell, and a big move in either direction could ripple into Asian chip stocks when markets open in the morning. The Numbers, Verified Across Sources What Micron guided (SEC filing): For the quarter ending in August, Micron told investors to expect revenue of $50 billion, give or take $1 billion, non-GAAP earnings of $31 per share, give or take $1, and a gross margin of about 86%. What analysts expect (Alphastreet, 33 analysts): Consensus sits at $31.56 per share on $51.20 billion in revenue, slightly above the top half of Micron's own guidance range. Estimates are wide, running from $28.04 to $37.44 per share for earnings and from...
Most weeks in the market blend into each other. This isn't one of them. Over the next five trading days, three separate pieces of data are set to land that, individually, would each be significant enough to move markets on their own. Together, they're shaping up to be the moment that decides the Federal Reserve's next move and by extension, whether your mortgage, car loan, or credit card just got a little more expensive or a little more breathing room. higher rates are exactly what's been pressuring both stocks and bonds this month, as we covered when [Treasury yields hit a 19-year high] Here's why this particular week matters more than most, and what to actually watch for. The Setup: Why This Week Is Different The Fed just raised interest rates earlier this month for the first time since 2023. Since then, two senior Fed officials have publicly hinted that more hikes could be coming before year-end. Markets are currently pricing in roughly a 66% chance of another ...