The Fed's September Decision Could Hit Micron Harder Than Its Own Earnings
Micron's financial numbers look powerful, but the Federal Reserve may decide how much investors are willing to pay for them.
Overview
Micron Technology (NASDAQ: MU) will report its fiscal 2026 fourth-quarter earnings results on Sept. 30. While the report could move Micron's stock significantly, the Federal Reserve's next interest rate decision, scheduled for Sept. 16, could have an even bigger impact. Wall Street now sees a more than 60% chance of an interest rate hike in September 2026, up from 41.4% a week earlier. The shift followed Federal Reserve Chairman Kevin Warsh's hawkish comments at the Jackson Hole symposium.
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Micron has already guided for exceptionally strong Q4 results. However, the bigger question for investors is how long the memory boom can persist.
Details
Source
Originally published at www.fool.com.