Futures Hold Steady Ahead of PCE Inflation Data and Nvidia Earnings
The US stock market is holding its breath ahead of two crucial events: the release of the Personal Consumption Expenditures (PCE) inflation data and Nvidia's post-market earnings report. The Dow Jones futures are trading flat around 53,650, while S&P 500 futures have declined by 0.11% to near 7,680.
Nasdaq 100 futures have fallen by 0.23% to trade around 29,210. Investors are exercising caution as they await the PCE release, which is the Federal Reserve's preferred inflation gauge. The Fed's policy guidance on potential interest rate adjustments in September will also be closely watched.
Nvidia's earnings report promises crucial insights into the sustained strength of artificial intelligence demand. Traders are focusing on Federal Reserve Chair Kevin Warsh's upcoming speech at the Jackson Hole symposium this Friday for further policy guidance.