PCE Report, Nvidia Earnings, and Warsh Speech: Key Events This Week

The upcoming week is packed with crucial economic data and company earnings that may influence market trends as we transition into autumn. The US personal consumption expenditures (PCE) inflation report, scheduled for release on Wednesday, will be closely watched by investors. Analysts predict a modest 0.1% month-over-month increase in the headline PCE price index, with the annual rate easing to 3.6%. Core PCE is expected to rise 0.2%, maintaining its annual rate at 3.3%.

As the Federal Reserve prepares for its September meeting, this report may carry added weight. Fed chair Kevin Warsh's keynote speech at the Jackson Hole economic policy symposium on Friday could provide valuable insights into policymakers' views on the latest data.

Nvidia earnings, also due out on Wednesday, are anticipated to show a significant increase in revenue and earnings. The tech giant is expected to report $92 billion in revenue, up 96.9% year-over-year, with earnings nearly doubling to $2.09 per share.