Nvidia Earnings and Inflation Data Set to Drive Wall Street Trading

Wall Street is bracing for a consequential week of trading, with Nvidia's earnings, a key inflation reading, and Federal Reserve Chairman Kevin Warsh's first Jackson Hole appearance set to shape the outlook for stocks and bonds heading into September.

The timing couldn't be more important, as rising Treasury yields have already rattled markets this month. Concerns over US debt, elevated oil prices, and renewed tariff tensions have added to an already volatile backdrop.

Nvidia's earnings are likely to be the biggest corporate event of the week, with investors closely watching whether the chip giant can continue to justify the enormous expectations surrounding the sector. The company is expected to report its results on Wednesday after the closing bell.

Before Nvidia takes center stage, investors will get an important update on inflation in the form of the core PCE price index, which is due out on Wednesday morning. This reading carries added significance following the Fed's decision to hold rates steady last month despite three policymakers dissenting in favor of a hike.