{"id":441855,"date":"2026-11-10T23:40:06","date_gmt":"2026-11-10T16:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-logan-its-clear-that-fed-needs-at-least-two-more-quarter-point-rate-hikes-441855\/"},"modified":"2026-11-10T23:40:06","modified_gmt":"2026-11-10T16:40:06","slug":"feds-logan-its-clear-that-fed-needs-at-least-two-more-quarter-point-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-logan-its-clear-that-fed-needs-at-least-two-more-quarter-point-rate-hikes-441855\/","title":{"rendered":"Fed&#8217;s Logan: It&#8217;s clear that Fed needs at least two more quarter-point rate hikes"},"content":{"rendered":"<div>\n<p>Logan is a hawk and has dissented in favor of hikes so her comments might not be as hawkish as feared after what we heard today from Waller:<\/p>\n<ul dir=\"ltr\">\n<li>Excess inflation is unacceptable<\/li>\n<li>Clear that Fed needs at least two more quarter-percentage-point rate increases<\/li>\n<li>Says it may be possible to raise interest rates more rapidly this winter than US central bank has moved so far<\/li>\n<li>Important to \u2018promptly\u2019 achieve balance in outlook, risks for inflation and employment<\/li>\n<li>Adjusting policy gradually can reduce risk that economic activity deteriorates more sharply than necessary<\/li>\n<li>After two more rate hikes, it would make sense to pause and assess what further action may be appropriate<\/li>\n<li>Higher bond-market rates signal monetary policy has work to do, not an independent tailwind for activity<\/li>\n<li>Fed policy rate is at least 50 basis points below a modestly restrictive level<\/li>\n<li>Accommodative policy is adding to inflationary pressures; real Fed funds rate is 78 basis points, data suggest<\/li>\n<li>Wartime energy disruptions not the only source of price pressures<\/li>\n<li>Concerned that higher-than-expected consumer price index means personal consumption expenditures inflation could rise<\/li>\n<li>Inflation is trending meaningfully higher than 2% goal<\/li>\n<li>Labor market is balanced and even tightening a bit<\/li>\n<li>Economic growth is strong, consumer spending solid, business spending robust<\/li>\n<li>Price pressures also broader than tariffs, and broad trend is likely to persist<\/li>\n<\/ul>\n<p>The whole market is repricing Fed action today, basically adding another hike to the next 12 months picture in light of comments from Waller and the CPI data. You can see that in two-year yields as well, which are up 20 basis points on the day to 4.75%. There is this growing chorus that the current Fed funds rate of 3.75-4.00% isn&#8217;t holding back the economy, in part due to intense AI capex. The thing is, by the time the Feds rate peaks (priced for H2 2027, the AI capex could be starting to dry up.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Logan is a hawk and has dissented in favor of hikes so her comments might not be as hawkish as feared after what we heard today from Waller: Excess inflation is unacceptable&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441855","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441855"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441855\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}