commodities

The Week Ahead: PCE, Jackson Hole and NVIDIA Test the Rally

Published August 23, 20267 min read

Stacked gold bars and coins glow in dawn light with a government building softly blurred behind them — Gold and the Fed: this week's PCE print, Jackson Hole keynote, and NVIDIA earnings will decide if markets got ahead of the data. Illustration: MarketIntelLabs

Last week's close left a single, unresolved question hanging over the market: is the fiscal repression trade real, or is it a bond-market head fake that gold and bitcoin got ahead of? This week answers it. July's core PCE print on Wednesday, Fed Chair Kevin Warsh's Jackson Hole keynote on Friday, and NVIDIA's earnings in between will decide whether the rally in gold, silver and bitcoin survives contact with actual data. Explore our Fed policy coverage .

Key Takeaways July core PCE lands Wednesday, August 26 at 8:30am ET, with consensus at 0.2% month over month against a 0.1% prior, and it is the swing print for whether September's hawkish FOMC minutes hold up. Fed Chair Kevin Warsh delivers t…

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