The US PCE deflator, revised second-quarter GDP figures and NVIDIA's earnings are scheduled for release today, while the direction of US long-term interest rates will also draw market attention.
The focus today is on the release of key US economic indicators. Revised month-on-month and annualized figures for the PCE deflator and core PCE deflator are due to be published, along with revised second-quarter GDP figures. Data related to personal consumption is also expected to be updated.
In the US equity market, NVIDIA is scheduled to announce its earnings after the market close today, making the earnings performance of major companies a key focus for investors. The direction of long-term interest rates will also be watched, as movements in US Treasury yields could affect the broader market.
Going forward, the combination of the PCE data and revised GDP figures is expected to prompt a reassessment of the US inflation trend and growth outlook, making it an important factor in determining the direction of the dollar and long-term interest rates.
With the Jackson Hole meeting approaching, market participants are also on alert, and short-term volatility could increase depending on the results.