Tim Cook told the Wall Street Journal price increases are unavoidable; Apple (AAPL.O) has not yet raised prices but the situation is "unsustainable", and surging memory and storage costs will force price increases.

Florian Ielpo, head of macro at Lombard Odier, says market moves reflect a re-pricing of the Fed’s credibility and independence. He says inf has clearly returned to the center of the Fed’s reaction function and that policymakers are steering accordingly, reinforcing a higher-for-longer profile for real rates. He adds the Fed has adjusted its tone: communications are crisper and more directive, dissenting language has been dropped — much previous wording has been discarded and this should be seen as a small monetary policy revolution.

美国总统特朗普：其他国家现在希望成为海峡军事力量的一部分。