Trump Tariff Uncertainty, U.S.–Iran Military Risk and NVIDIA Earnings Drive Market Focus Next Week

Global markets face heightened event risk next week amid uncertainty over Trump's tariff stance and rising indications the U.S. may take military action against Iran, coinciding with NVIDIA's earnings release, PANews reports on Feb. 22. Federal Reserve Governor Waller speaks at 21:00 Beijing Time on Monday, followed Tuesday by Chicago Fed President and 2027 FOMC voter Austan Goolsbee at 21:00, Boston Fed President Collins and Atlanta Fed President Bostic at 22:00, another Waller speech at 22:10, and Fed Governor Lisa Cook on AI at 22:35. NVIDIA, the world's largest company by market capitalization, reports earnings Wednesday at a time to be announced, while Richmond Fed President Barr and Boston Fed President Collins join a panel at 4:15 that day. On Thursday at 2:20, 2028 FOMC voter and St. Louis Fed President Musalem speaks on the Federal Reserve's role, followed by U.S. initial jobless claims for the week ending Feb. 21 at 21:30, and on Friday at 21:30 the U.S. publishes January PPI data on a year-over-year and month-over-month basis.