The Open Bell — Ep. 050 — 31 Aug 2026

Today on The Open Bell: The new Fed Chair used his first Jackson Hole speech to tell the world that another rate hike is back on the table, and the September odds just jumped to 60%, which is a long way from the cuts everyone was pricing in six months ago. Gold had the best month this century in August, up roughly 14%, and then one afternoon speech from a Fed Chair erased nearly 3% of that in a matter of hours, which tells you everything about how fragile this rally actually is. Germany's retail sales just fell 1.5% in July when everyone was expecting a mild 0.4% dip, and when the biggest economy in Europe can't get its shoppers to spend, the whole eurozone growth story gets a lot harder to tell. If today's episode helped things click, a five-star rating genuinely helps the next listener find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:13 Warsh's Hawkish Jackson Hole Speech Lifts Sept Rate-Hike Odd 03:20 Gold Tumbles 2.88% to $4,529.90 as Dollar Surges on Hawkish 05:33 German Retail Sales Slide 1.5% MoM in July, Deepening Eurozo 07:16 Closing thoughtsSupport the show