Markets await Nvidia earnings, Jackson Hole guidance

Markets are bracing for Nvidia’s quarterly earnings and the Jackson Hole symposium, with investors watching for guidance on AI demand and the Federal Reserve’s policy path as yields rise and high-stakes data flow in. The July PCE inflation report, seen as the Fed’s preferred gauge, is expected to show a modest uptick in prices, potentially shaping expectations ahead of the September meeting amid ongoing inflation concerns. Fed Chair Kevin Warsh’s keynote at Jackson Hole and the central bank’s signal on future rate moves will be pivotal for the trajectory of interest rates and market volatility, especially given the stock-market rally’s sensitivity to policy guidance. Analysts note that a still-tight inflation backdrop and geopolitical tensions add to the risk that higher borrowing costs could weigh on AI infrastructure spending and equity valuations. Overall, Nvidia’s results and the Fed’s communications at Jackson Hole are likely to set the tone for AI-related equities and the broader market in the near term, with volatility edging higher as investors reassess growth and rate outlooks.