Nvidia (NVDA) is playing a huge role in markets right now, but could it impact the Fed as well? Wells Fargo Global Investment Strategist Luis Alvarado joins Yahoo Finance Live to discuss Fed Chair Powell's speech at the Jackson Hole Economic Symposium, and whether the AI-driven rally after Nvidia's earnings report could have an effect on the Fed's decision.
Regarding what to expect from the Fed, Alvarado said, "Most likely what we're going to receive from Jackson Hole ... looking to 2024, what they can tell us about quantitative tightening, whether they believe the metrics that they follow in regard to inflation are telling them, and the fact that they remain cautious."
