Markets Hold Steady Ahead of PCE Data and Nvidia Earnings

US markets are holding steady ahead of crucial events, including the release of Personal Consumption Expenditures (PCE) data and Nvidia's post-market earnings. The Dow Jones futures near 53,650, while S&P 500 futures slipped 0.11% to about 7,680 and Nasdaq 100 futures eased 0.23% to roughly 29,210.

The quiet tone in futures followed a firmer cash session on Tuesday, led by technology shares: the Nasdaq Composite rose 0.66%, and both the Dow Jones Industrial Average and the S&P 500 added about 0.3%. Macro drivers included the US Treasury doubling long-term bond buybacks, which weighed on the US Dollar.

Fed Chair Kevin Warsh's Jackson Hole speech is also drawing attention as markets look for signals on a possible September rate move. The current probability of a September rate cut makes Treasury options highly sensitive to policy clues.