Range-bound trading on light volume was the order of the day as market participants weighed the words of several Fed speakers and anxiously anticipated quarterly results from AI bellwether Nvidia (NVDA) after tomorrow's close.
Corporate earnings and guidance might be the market stars these days, but that hardly means interest rate cuts are playing second banana. Several Federal Reserve policymakers on Tuesday reiterated the central bank's message that it will wait for more evidence of waning inflation before enacting its first quarter-point cut to the federal funds rate.
