Economic Indicator:
Three indicators to look at: Gross Domestic Product, PCE price index, and jobless claims tonight at 7:30 PM Cambodia time. All of these will determine economic outlook and pricing on the goods, particularly when assessing the tariffs’ impact, while also looking at the labor market conditions ahead of the US employment report.
In fact, the Federal Reserve’s William also stressed the potential of slow growth, while the hiring activities also show somewhat scaled back. So if the Jobless claims data continue to drop, then this also signals a weaker job health.
Therefore, this also influences the rate decision on the upcoming September 18, 2025, on how much they are willing to cut the interest rate or how they will see the current economic outlook. Will this decision be the last rate cut of the year, or will there be another one before the year’s end? The current stance is now at 87.2% chance of a rate cut.
Stock Market
NVIDIA Earnings Report:
Despite the NVIDIA earnings report beating the expectation, there is an increasingly pessimistic outlook for the future, which is mainly driven by the policy restrictions from China. In fact, “Nvidia confirmed zero sales (not factoring in smugglers) of its H20 GPUs in China during the July quarter,” as per the source, albeit there are no signs of slipping AI demand.
→ So the market now expects Nvidia to increase production fast enough to meet the tech consumption, or not.
