Active traders have a critical two-week period ahead, starting with the release of the Federal Reserve's April meeting minutes today at 2:00 p.m. ET. The committee decided to maintain the federal funds target range at 3.50%–3.75%, highlighting ongoing inflation concerns driven by global energy prices and geopolitical uncertainty. This meeting marks the last under former chair Jerome Powell, with Kevin Warsh set to lead his first FOMC meeting on June 16-17. The minutes will provide insights into the committee's views on inflation and labor market dynamics, especially in light of the recent 3.8% year-over-year increase in the Consumer Price Index (CPI). On May 28, the April Personal Consumption Expenditures (PCE) report will be released alongside the second estimate of Q1 GDP, which is expected to show a 2.0% annualized growth rate. Traders will scrutinize these figures for indications of economic strength or weakness. Additionally, Nvidia will report its Q1 FY2027 earnings today, with significant attention on its Q2 revenue guidance, which is anticipated to be around $86 billion. The outcomes of these reports are likely to shape market sentiment and trading strategies heading into the summer.