Nvidia is under scrutiny as investors anticipate its upcoming earnings report, hoping for positive developments that could uplift market sentiment. Analysts suggest that Nvidia needs to present a compelling growth narrative to drive its stock price higher. Concurrently, the Federal Reserve's preferred inflation metric, the PCE Core inflation rate, is projected to ease to 2.6% year-over-year, the lowest level since March 2021. This data is expected to be released on Friday, and it could influence the Fed's cautious approach toward interest rate adjustments.