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

1. the expectation of the global central bank to raise interest rates is too strong. The Fed is expected to lag far behind.

2. Waller, governor of the Federal Reserve: if high inflation persists until the end of the year, the Fed may adopt a "more positive policy response".

3. Federal Reserve Balkin: the problem of labor supply in the United States may be more persistent than the epidemic.

4. Volkswagen executives: the global chip shortage will last until 2022

5. Bank of America Corporation's survey shows that fund managers have reduced their bond positions to a record low.

6. Apple Inc failed to get rid of the chip shortage affecting the "Christmas season" iPhone sales miserable?

Central banks around the world are expected to raise interest rates too much and the Fed is expected to lag far behind

Compared with other central banks, market expectations of a Fed rate hike are less radical. With the exception of the ECB, most central banks are expected to raise interest rates at a faster pace.

Us traders now expect the Fed to raise interest rates by 25 basis points at its policy meeting in September. Interest rate swap market pricing shows that the Bank of New Zealand is expected to raise interest rates five times, the Bank of Canada three times and the Bank of England four times.

However, there is a view that this kind of prediction is too partial to the eagle. In a report on Tuesday, Priya Misra, a strategist at TD Securities, opposed the latest outlook for global policy and recommended long-term Australian and UK securities to "take advantage of short-end repricing".

The RBA, the first central bank to play down market expectations, said on Tuesday that it would increase the cost of shorting bonds maturing in April 2023 and 2024 to 100 basis points, tightening control over the yield curve by raising the cost of betting on higher interest rates.

Fed governor Waller: if high inflation persists until the end of the year, the Fed may adopt a "more positive policy response"

Federal Reserve Governor Christopher Waller (Christopher Waller) said in a speech on Tuesday that ifQualcomm IncThe inflation continues until the end of the year, and the Fed may have to adopt a "more aggressive policy response" to control it.

Mr Waller said he remained confident that the US economy had passed the worst of the COVID-19 epidemic and that labour and other supply shortages would ease over time. I still see supply and demand playing a role in moderating price increases, thereby bringing inflation back to the Fed's 2 per cent target.

But Mr Waller said he thought the risks were shifting and he was now "very concerned" that the current rapid rise in prices could continue.

"in the next few months, for the assessment of what we have seen, Qualcomm IncWhether the inflation data is temporary or not is crucial, "Waller said. "if monthly inflation data remain high for the rest of the year, a more positive policy response may be needed in 2022, rather than just scaling back bond purchases."

Fed Barkin: the labor supply problem in the United States may be more persistent than the epidemic

Unless the United States proposes better education, health and childcare policies to increase the number of people willing and able to work, labor shortages are likely to last longer than the COVID-19 epidemic and limit overall economic growth, Thomas Barkin, president of the Richmond Federal Reserve Bank, said on Tuesday.

"as the labor force ages and the birth rate declines, we may find that labor supply limits economic growth," Ba Jin said in a speech prepared for the South Carolina Chamber of Commerce event. and pointed out that the labor shortage appeared to be severe during the reopening period after the epidemic, indicating that this is a long-term challenge for the United States.

"with the passage of time, without more workers, we will not be able to grow. The best source for more workers is those who are in a wait-and-see state, "Balkin said. Unless measures are taken to reduce the burden on parents, better pay and transportation options, and even encourage the elderly to stay in work, otherwise, those who are in a wait-and-see state will not return to the labour market.

Volkswagen executives: global chip shortage will last until 2022

VolkswagenThe global shortage of semiconductor chips will continue into next year, executives in the Americas said on Tuesday.

"there is no doubt that this shortage will last until 2022, at least until the second half of the year," Volkswagen said.Scott Keogh, CEO of the US Group, said.

Chip shortages have led global carmakers to cut car production, but as car prices rise, they also push up profits. Chips are used in brake sensors, power steering and entertainment systems.

Keogh added that while the problem is likely to ease in the fourth quarter of this year, the industry is still unable to meet the demand for cars.

One possible shift in the near future, he says, is that carmakers will try to reduce the number of chips needed for car and truck parts.

Bank of America Corporation survey shows that fund managers have reduced their bond positions to a record low

Fund managers are concerned about the growth of the global economyCK HutchisonCorporate earnings expectations may deteriorate rapidly, but their positions are still skewed towards risky assets as they cut their bond holdings to historic lows and buy US stocks.

Bank of America CorporationThe latest monthly survey of fund managers conducted in the week ended October 14 shows this key point. Strategists at the bank said that while the outlook for global growth turned negative for the first time since April 2020 and the overall survey was the least optimistic in a year, bond allocation fell to an all-time low as inflation issues pushed up expectations of higher interest rates.

Investors' over-allotment of US stocks rose to about 16 per cent, the highest level since November 2020, while the overall position of stocks remained "very high", with net positions stable at about 50 per cent.

Apple Inc failed to get rid of the chip shortage affected the "Christmas season" iPhone sales miserable?

JPMorgan Chase & CoAccording to a report released today, it is affected by the global shortage of chips.AppleThe company's iPhone sales in the fourth quarter of this year will be lower than expected.

The fourth quarter is known as the "Christmas shopping season", which includesAppleFor many companies, this is the most important season of the year. But affected by the shortage of chipsJPMorgan Chase & CoAnalyst Samick Chatterjee (Samik Chatterjee) will today bring Apple IncIPhone revenue for the first quarter of fiscal 2022 (to the end of December 2021) is expected to be reduced to $63 million, down nearly 4 per cent from a year earlier.

It is also the second investment bank to cut its forecast for iPhone sales recently. Last week, also because of chip shortages, investment bank Needham cut its forecast for shipments of iPhone 13 by 10 million in the fourth quarter of this year.

Apple Inc will release its financial results for the fourth quarter of fiscal year 2021, which ends at the end of September, on Oct. 29, Beijing time. Chatterjee expects Apple Inc to sell 58 million iPhone units in the fourth quarter, or the third quarter, on revenue of $46 billion, above Wall Street analysts' average expectations of $41 billion.