Fed Hints, Nvidia Earnings, and Fiscal Consolidation: What to Watch This Week

The week ahead is packed with crucial announcements that could significantly impact various asset classes. On Monday, August 24th, US Treasury Secretary Scott Bessent will reveal details on an increased focus on fiscal consolidation and a sweeping economic isolation campaign against Iran.

This move may boost Bitcoin's price, which has already surged 22.8% in the last week, its largest weekly gain since March 2023. BTC could reach $90k if markets doubt the US Treasury's ability to implement fiscal consolidation plans and Fed Chair Kevin Warsh's speech at Jackson Hole on Friday prompts markets to keep doubting rate hikes.

Nvidia's quarterly earnings report on Wednesday, August 26th, is also highly anticipated. Analysts expect a 'beat and raise' quarter, but investors are focused on longer-term questions about margins, competition, and potential conflicts of interest from Nvidia's AI financing deals.