Markets "Nervous" Ahead of FOMC Rate Decision, NVDA's Next Moves

Market Sentiment - The markets are experiencing jitters ahead of the Federal Reserve meeting, with concerns about Jerome Powell's comments regarding interest rates and the labor market [2][3] - There is uncertainty whether the Fed will implement a hawkish cut or acknowledge labor market weaknesses alongside lower inflation [2][4] Federal Reserve Meeting - The Fed meeting is set to start today, with an announcement expected tomorrow, including a summary of economic projections [3] - The likelihood of a rate cut is estimated at 90%, but the market is wary of implications that this could be a one-time cut with no further reductions [4][6] Nvidia and Semiconductor Industry - The U.S. government has allowed Nvidia to sell its H200 AI chips to China, with a 25% revenue share going to the U.S. government, up from 15% for previous H20 chips [8][10] - Nvidia's stock has rallied following this announcement, indicating positive market sentiment towards the semiconductor sector [9][10] Economic Data - The NFIB small business optimism index rose to 99.0% from 98.2%, with the increase attributed to expectations of higher real sales [12] - The ADP reported a positive weekly jobs number of 4,750, reversing a previous negative trend, indicating a slight improvement in the labor market [14]