{"id":64312,"date":"2026-07-06T12:38:16","date_gmt":"2026-07-06T16:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/feds-waller-weighs-inflation-target-shift-as-nvidia-refutes-delay-reports\/64312\/"},"modified":"2026-07-06T12:38:16","modified_gmt":"2026-07-06T16:38:16","slug":"feds-waller-weighs-inflation-target-shift-as-nvidia-refutes-delay-reports","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/feds-waller-weighs-inflation-target-shift-as-nvidia-refutes-delay-reports\/64312\/","title":{"rendered":"Fed\u2019s Waller Weighs Inflation Target Shift as Nvidia Refutes Delay Reports"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Federal Reserve Governor Christopher Waller<\/strong> expressed a preference for an <strong>inflation target range<\/strong> rather than a fixed <strong>2%<\/strong> point, though he warned that changing the target now would lack credibility.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> shares hit session highs, rising as much as <strong>1.4%<\/strong>, after the company officially refuted reports of a <strong>12-month delay<\/strong> for its next-generation <strong>&quot;Kyber&quot; AI rack<\/strong>.<\/li>\n<li><strong>President Donald Trump<\/strong> announced that Chinese President <strong>Xi Jinping<\/strong> is expected to visit the White House on <strong>September 24<\/strong>, marking a significant diplomatic escalation following recent trade summits.<\/li>\n<li><strong>Anthropic<\/strong> has reportedly escalated its dispute with <strong>Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>)<\/strong>, sending a letter to U.S. lawmakers accusing the Chinese firm of <strong>&quot;illicitly&quot; copying<\/strong> its Claude AI model through a massive &quot;distillation&quot; campaign.<\/li>\n<li><strong>Italian Prime Minister Giorgia Meloni\u2019s<\/strong> administration is working to contain a diplomatic rift with the U.S. after <strong>President Trump<\/strong> posted a meme on <strong>Truth Social<\/strong> attacking the Italian leader.<\/li>\n<\/ul>\n<h2>Monetary Policy and the Inflation Target<\/h2>\n<p>Federal Reserve Governor <strong>Christopher Waller<\/strong> sparked a debate on the central bank&#39;s framework Monday, stating he would prefer the <strong>inflation target be set as a range<\/strong> rather than the current <strong>2%<\/strong> fixed goal. Despite this preference, Waller emphasized that <strong>changing the target at this point would not be credible<\/strong>, as the Fed continues its efforts to anchor price stability.<\/p>\n<p>Waller also addressed recent comments from <strong>Fed Chair Kevin Warsh<\/strong>, noting that he believes Warsh was <strong>re-affirming the central bank&#39;s commitment<\/strong> to the <strong>2%<\/strong> target. This comes as market participants closely monitor the &quot;Sintra assessment&quot; of Fed policy, with analysts at <strong>Morgan Stanley<\/strong> suggesting the Fed may remain patient with rates for the remainder of 2026.<\/p>\n<h2>Nvidia Refutes &quot;Kyber&quot; Delay Reports<\/h2>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> shares extended gains to a session high on Monday after the company issued a firm rebuttal to a <strong>SemiAnalysis<\/strong> report claiming its next-generation <strong>&quot;Kyber&quot; AI rack<\/strong> was delayed until 2028. An <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a><\/strong> spokesperson stated, <strong>&quot;Our roadmap is intact,&quot;<\/strong> reassuring investors that the architecture designed for its <strong>2027 Rubin Ultra chips<\/strong> remains on schedule.<\/p>\n<p>The stock rose as much as <strong>1.4%<\/strong> following the clarification, recovering from earlier bearish momentum. The <strong>Kyber<\/strong> system is critical to <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s<\/strong> dominance in the AI sector, as it integrates <strong>144 high-power GPUs<\/strong> into a single unit to facilitate the training of advanced large language models.<\/p>\n<h2>Geopolitical Shifts: Xi Visit and Meloni Feud<\/h2>\n<p><strong>President Donald Trump<\/strong> confirmed on Monday that Chinese President <strong>Xi Jinping<\/strong> is tentatively scheduled to visit the White House on <strong>September 24<\/strong>. The announcement follows a high-profile summit in <strong>Beijing<\/strong> earlier this year, where <strong>Trump<\/strong> was accompanied by a delegation of U.S. corporate leaders including <strong>Larry Fink<\/strong> of <strong>BlackRock (<a href=\"\/stock\/BLK\">BLK<\/a>)<\/strong>, <strong>Stephen Schwarzman<\/strong> of <strong>Blackstone (<a href=\"\/stock\/BX\">BX<\/a>)<\/strong>, and <strong>David Solomon<\/strong> of <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong>.<\/p>\n<p>Simultaneously, the administration faces friction with European allies. Ministers for <strong>Italian PM Giorgia Meloni<\/strong> are attempting to de-escalate a public feud after <strong>Trump<\/strong> shared a meme on <strong>Truth Social<\/strong> suggesting a &quot;restraining order&quot; was needed against the Italian leader. The spat has already led to the cancellation of a high-level ministerial visit to <strong>Washington<\/strong>.<\/p>\n<h2>AI Intellectual Property Disputes<\/h2>\n<p>The <strong>New York Times<\/strong> reported that AI safety startup <strong>Anthropic<\/strong> has sent a formal letter to U.S. lawmakers regarding <strong>Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>)<\/strong>. The letter alleges that <strong>Alibaba<\/strong> used approximately <strong>25,000 fraudulent accounts<\/strong> to conduct <strong>28.8 million exchanges<\/strong> with the Claude AI model to &quot;distill&quot; its capabilities into its own systems.<\/p>\n<p>While <strong>Alibaba&#39;s<\/strong> AI technology has seen significant adoption, the company is reportedly struggling to turn the technology into a consistent <strong>moneymaker<\/strong>. The allegations from <strong>Anthropic<\/strong> have turned a commercial intellectual property dispute into a national security matter, drawing the attention of the <strong>Senate Banking Committee<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Federal Reserve Governor Christopher Waller expressed a preference for an inflation target range rather than a fixed 2% 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