US stock futures slip as PCE inflation, Nvidia earnings, and Jackson Hole loom
US stock futures fell Monday as investors awaited key events this week, including the PCE inflation index, Nvidia's earnings, and the Federal Reserve's Jackson Hole symposium. The PCE report, due Wednesday, is the Fed's preferred inflation gauge and could influence its September rate decision. Nvidia's results, also Wednesday, will offer insight into AI investment strength. Fed Chair Kevin Warsh speaks Friday amid concerns over fiscal deficits and persistent inflation that pushed long-term Treasury yields to multi-decade highs last week. Last week, the Dow fell 0.8%, while the S&P 500 and Nasdaq dropped 1.4% and 2%, respectively. European markets were mixed, and most Asia-Pacific indexes closed lower, with South Korea's Kospi down 3.12%. Oil prices declined, while iron ore rose in China.