Markets Rally on Waller's Caution, Nvidia's AI Expansion

Financial markets rallied this week as Federal Reserve Governor Christopher Waller hinted that interest rates might remain unchanged in September. His cautious stance led to a surge in US stocks and a decline in government bond yields, while the Japanese yen reached its strongest level since February.

The Fed's upcoming decision is now closely tied to the August consumer price figures, which are expected to have a significant impact on monetary policy. Waller emphasized that he would be prepared to support a rate hike if inflation turned out to be higher than expected.

Nvidia, the world's most valuable company, announced its acquisition of developer platform Hugging Face for approximately $13 billion. The deal is seen as a major investment in artificial intelligence and is expected to stimulate future demand.