Watch Nvidia, the Fed, and More
Baystreet·- The technology sector awaits Nvidia's quarterly earnings report amid a GAAP TTM P/E of 32.88 times, which will likely influence other semiconductor and software stocks. - Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole symposium following the release of the August core PCE price index report. - The 30-year Treasury Bond recently reached a yield of 5.33%, a level not seen since 2007, driven by corporate debt issuance related to the artificial intelligence boom.U.S. Consumer Prices Inch Up In Line With Estimates In July, Annual Growth Edges Lower
rttnews·- The US Department of Labor reported that consumer prices rose by 0.1 % in July following a 0.4 % decline in June. - This monthly increase matched economists' expectations. - The annual growth rate of consumer prices decreased slightly from 3.5 % in June to 3.4 % in July, aligning with forecasts.