Global financial media last night and this morningThe main headlines of common concern are:

1. Powell: the supply chain problem has not improved. Inflation is expected to continue into next year.

2. Congressional Budget Office: cash and special measures to avoid federal default may be exhausted by the end of October

3. Boeing Co won a $23.8 billion follow-up contract from the U.S. Department of Defense.

4. Apple Inc CEO Cook received an award of 2.55 million shares with a value of US $368 million.

5. Sterling rollercoaster strategists worry that the currency will become truly unpredictable

6. Most of Citi's institutional clients are worried about persistent inflation and the risk of a pullback in US stocks.

Powell: the supply chain problem has not improved. Inflation is expected to continue into next year.

Jerome Powell, chairman of the Federal Reserve, said the supply chain problem has not improved and is expected to continue into next year. This is likely to continue into next year, when inflation will last longer than expected.

As the economy recovers from the epidemic, the current rise in US inflation is related to the reopening of the economy, and there will be no sustainable Qualcomm Inc in the future.胀。

"We and others have been predicting for some time that the current surge in inflation will not lead to a new inflation mechanism and that inflation will not remain high every year," Powell said at a conference hosted by the ECB on Wednesday.

Powell said, "the current surge in inflation is actually the result of very strong demand and constraints on the supply chain, all related to the reopening of the economy, which is a process with a beginning, a middle and an end. It is difficult to say how big the impact of this process will be or how long it will last, but we will recover and tide over the difficulties. "

The governors of the European Central Bank, the Bank of Japan and the Bank of England also attended the panel discussion, expressing cautious optimism about the supply chain disruptions that affected the global economy and that rising inflationary pressures would not last.

Congressional Budget Office: cash and special measures to avoid federal default may be exhausted by the end of October

The Treasury could hit the debt limit as early as the end of October, issuing the latest warning to members of Congress who are slow to resolve the debt ceiling, according to the Congressional Budget Office.

Unless the debt ceiling is raised or suspended, the Treasury will run out of cash and special measures to avoid a federal default in late October or early November, the bipartisan Congressional Budget Office said in a report on Wednesday. Finance Minister Yellen said Tuesday that the Treasury expects to run out of cash by Oct. 18.

The two-year debt ceiling moratorium expired on July 31, when the Treasury launched special measures to save cash, including suspending new funds into several federal employee pension funds.

Once these measures are exhausted, the US will fall into a technical default and be forced to delay payments to creditors. Ms Yellen said on Tuesday that it would be "catastrophic" and could lead to a "financial crisis" and a recession.

Boeing Co won a $23.8 billion follow-up contract from the U.S. Department of Defense.

Boeing CoThe company said the US Department of Defense had awarded it a follow-up contract worth $23.8 billion to provide 10-year service to the Cmur17 global hegemonic III transport fleet.

Boeing CoUnder the agreement, Boeing Co will continue to provide engineering, on-site support and material management services for 275 aircraft managed by the US Air Force and eight global partners, the company said.

Boeing Co also said that under the new agreement, Boeing Co will also reduce the operating costs of the fleet per flight hour.

The company said the new agreement is currently funded until September 2024, with a contract value of $3.5 billion for the first phase.

Apple Inc CEO Cook received an award of 2.55 million shares worth $368 million

Sina Science and Technology News on the evening of September 29, Beijing time, it is reported that as part of a new award schemeAppleCEO Tim Cook (Tim Cook) recently acquired more than 2.5 million shares of the company, worth nearly $368 million.

Last September, Apple IncCook was given stock and performance-based rewards: by 2026, Cook will receive more than 1 million Apple Inc shares.

Last month, Cook acquired more than 5 million Apple Inc shares. At the time, Cook sold it for more than $750 million. The shares are the last part of the compensation package Mr Cook received when he became Apple Inc CEO 10 years ago.

To this end, Apple Inc awarded Cook a new compensation package last year, that is, Cook will receive more than 1 million Apple Inc shares by 2026 to encourage Cook to continue to work for the company until 2025 (Cook will retire as early as 2025).

On Tuesday, local time, Apple Inc said in a filing with the U.S. Securities and Exchange Commission (SEC) that Cook received 2.55 million Apple Inc shares under the new incentive scheme, worth about $367.7 million.

Sterling rollercoaster strategists worry that the currency will become truly unpredictable

The pound fell to a multi-month low and strategists began to talk about it as if it were emerging markets.

Lack of gas at gas stations, shortages in grocery stores, accelerating inflation and the looming threat of raising interest rates have made market watchers increasingly anxious that sterling is at risk of falling sharply. The pound is now around $1.344, its lowest level since December and has fallen more than 2 per cent this month.

"Macro investors are worried that the pound will become a really unpredictable market in the future," said Jordan Rochester, a strategist at Nomura International.

RBCAdam Cole, chief foreign exchange strategist at Europe, said the extreme volatility of sterling suggests that it behaves more like emerging market currencies, and while this is not the first time analysts have made such a comparison, it is still a controversial comparison.

Most of Citi's institutional clients are worried about persistent inflation and the risk of a pullback in US stocks.

Citi's survey of institutional clients shows that most investors are worried about persistently high inflation and believe that US stocks are more likely to fall 20 per cent than rise 20 per cent.

Although most people expect the S & P 500 to rise moderately next year, price pressures and the Fed's policy reversal pose major risks to the index, according to a survey of more than 90 pension funds, mutual funds and hedge funds this month.

Nearly 60 per cent of respondents were preparing for "persistent" inflation, while only 23 per cent thought inflation was "temporary". Most institutions expect the Fed to raise interest rates in the second half of 2022 or the first half of 2023.

This is a concern for investors looking to profit from high school in the stock index, and even more bad news for bondholders. As US stocks fell and US bond yields soared, institutions that stuck to the traditional 60-to-40-share allocation strategy have suffered their biggest losses in nearly a year this month.