Inflation's Sticky Shadow: Why Nvidia's Earnings Won't Dull the Fed's Focus The latest round of Personal Consumption Expenditures (PCE) inflation numbers has cast a long shadow over the markets.
The core PCE Index rose 3. 3% in July, a number that may seem gentle but is enough to keep investors on edge.
This uptick in inflation is not just a concern for tech stocks, which are holding their breath as Nvidia prepares to report its earnings.