The hawkish stance of Fed officials suddenly increased: Dallas Fed President Logan said that at least two more interest rate hikes are needed, and Governor Waller called for consideration of a 2-point interest rate hike in December; the CPI in October exceeded expectations, and the 2-year U.S. Treasury yield soared 19 basis points in a single day to 4.74%, and the market's expectations for the path of interest rate hikes have moved forward across the board. (Preliminary summary: New Fed Chairman Bush's debut shocks the market! Traders are betting on an interest rate hike in September, and there may be "two interest rate hikes" by the end of the year) (Background supplement: Fed Governor Waller said: December is inclined to raise interest rates by 1 point, and if October CPI is still high, a 2-point increase must be considered) Inflation is once again more stubborn than Wall Street expected, and the patience of Fed officials is quickly running out. Wall Street News reported that Dallas Fed President Logan and Fed Governor Waller were hawkish one after another. The former said that at least two more interest rate hikes were needed, and the latter even called for a direct 2-point interest rate hike in December. The market immediately responded with a 19 basis point jump in the 2-year U.S. Treasury yield in a single day. This wave of tightening expectations may have just begun. Federal Reserve officials' concerns about inflation have increased significantly, and their hawkish stance has tended to strengthen. This year's FOMC rotating voting member, Dallas Fed President Lorie Logan, said on Tuesday that the Fed will need to raise interest rates at least two more times, and that the pace of progress in winter may be faster than this fall. On the same day, Federal Reserve Governor Christopher Waller called for considering a 50 basis point interest rate hike at the December meeting. At the same time, U.S. CPI data for October exceeded expectations, with core inflation rising 0.3% month-on-month, further strengthening market expectations for tightening policies. The fed is full of a bunch of politically driven, ego driven, morons… Talking about a 50bps rate hike in December when oil is down 20…. You forward look not backward.. Logan is a libtard who has always been hawkish — Drew Kane (@Drewalphatrades) November 10, 2026 Logan fired the first shot: at least two more interest rate hikes. "New Fed News Agency" Nick Timiraos wrote an article to emphasize that Logan It said today that the Federal Reserve may need to accelerate the pace of interest rate hikes after October's inflation data came in stronger than expected. Driven by the above statements and inflation data, U.S. Treasury yields rose sharply. The two-year U.S. Treasury yield jumped 19 basis points in a single day to 4.74%, the largest single-day increase since Trump announced tariffs in April this year; the U.S. dollar strengthened across the board against all major currencies. Chart: The U.S. 2-year U.S. Treasury yield jumped to 4.736% in a single day and the time-sharing trend Waller is more hawkish: Will it rise by 2 percent in December? The market responded quickly to the hawkish signals, with investors significantly moving forward in their expectations for the Federal Reserve's interest rate hike path in the coming months, but they remained cautious on the issue of a 50 basis point rate hike in December. Federal funds futures data show that the market is currently pricing in a 25 basis point interest rate hike in December, another 25 basis point interest rate hike in January, and possibly another in April; the previously widely expected nodes are December and March next year. Logan made it clear when attending a meeting in Houston on Tuesday: "Given the current economic outlook, I think the Federal Open Market Committee needs to implement at least two more interest rate hikes of 25 basis points each." The 2-year U.S. Treasury yield surged 19 basis points in a single day. She also added that "the pace of interest rate increases this winter is likely to be faster than the pace of progress so far this fall," but the specific path will still depend on economic data and financial conditions. Logan said the current stance of monetary policy is still providing support to the economy and is driving inflationary pressures to some extent. The stock market has risen strongly this year, credit conditions remain relatively loose, and financial markets as a whole continue to provide tailwinds for economic activity. She pointed out that two more rate hikes would push the federal funds rate target range to 4.25% to 4.5%, which would have a moderately restrictive effect on the economy. The risk of inflation spreading is the real nightmare for the Fed. The Federal Reserve kept interest rates unchanged at the October 27-28 meeting, after raising interest rates by 25 basis points in September. This was the first interest rate increase since 2023, aiming to suppress inflation that has been above the 2% target for more than five consecutive years. At the September meeting, most officials predicted at least one more rate hike would be needed this year. Recently, many Fed officials reiterated this judgment in public speeches, but tended to maintain a gradual pace. Waller has taken the most hawkish stance, making it clear that a 50 basis point rate hike should be considered at the December meeting. Logan made clear his concerns about the outlook for inflation. She said that inflationary pressure is no longer limited to the categories of goods and services highly related to energy and artificial intelligence infrastructure construction, but is spreading more broadly. Global tensions are exacerbating supply chain disruptions, further driving up price pressures. She also expressed caution about the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation indicator, to be released later this month, believing that the October data may show an upward trend similar to the CPI. Logan warned that "the longer inflation continues to exceed target levels, the greater the risk that it will solidify into behavioral inertia." She emphasized that although inflation is expected to gradually fall after price pressures on energy and manufacturing commodities subside, "broader inflation trends are more likely to persist." Against this backdrop, she called for policy restrictions to be implemented as quickly as possible to strike the right balance between inflation and employment prospects. Related reports Inflation is stubborn! The U.S. CPI increased by 0.4% monthly in October, exceeding expectations. Bitcoin pin fell below $74,000, and Ethereum dropped to $2,200. The U.S. non-farm employment surged by 165,000 in October, far exceeding expectations! The unemployment rate remained flat at 4.1%, and the previous value surged to 84,000. Interest rate hikes may accelerate in winter! Fed voting member Logan advocates at least another 2-digit increase, and Deutsche Bank predicts that the tightening will extend to next year. "Fed hawks call for at least two more interest rate hikes, and U.S. bond yields soar." This article was first published on BlockTempo "Dongzone Trends - the most influential blockchain news media".