Nvidia Earnings, Inflation Data, and Jackson Hole Keep Markets on Edge

Nvidia's upcoming earnings report is the focal point of market attention, with expectations of strong growth driven by AI demand. The company's results could significantly influence market sentiment. Consumer confidence data showed a split, with current conditions strong but future expectations weak. Durable goods orders beat forecasts, while inflation data came in slightly higher than expected, raising questions about Fed policy. Fed Chairman Kevin Warsh's speech at Jackson Hole on Friday will be closely watched for signals on interest rates. The mixed economic data has reignited debate over whether the Fed should hike rates.