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Wednesday, November 11, 2026Updated 4:37 PM ET
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Yesterday on Ray’s Trading Desk with Ray Castellano

Fed Hawks Circle: Waller Opens the Door to a Half-Point Hike, Logan Wants at Least Two More

After a hot inflation report, two Federal Reserve officials signaled the central bank may need to move faster.

Filed November 10, 2026 · 📍 Wall Street, NY 10005

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By Ray Castellano · Ray’s Trading Desk · Reviewed by Esther Navarro · 1 min read
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Key points

  • Fed Governor Waller said he may back a half-point hike in December
  • Dallas Fed President Logan called for at least two more hikes
  • The remarks followed a hotter-than-expected October CPI

Two Federal Reserve officials sent the same message Tuesday: the fight against inflation is not over, and it may get tougher.

Fed Governor Christopher Waller said he may support a half-point rate increase next month, depending on what the data show. He spoke at the Bank of England Watchers' Conference [1].

Dallas Fed President Lorie Logan went further in a speech in Houston, saying the pace of rate hikes needs to speed up and that the Fed's policy committee needs at least two more increases given the current outlook [2].

The comments came hours after the October consumer price index showed prices rising 0.4% for the month, more than forecast [3].

Ray's take: a half-point hike would be the most aggressive move of this cycle. Mortgage, car-loan and credit-card rates follow the Fed, so borrowers should brace now.

Sources

3 reports this article drew on
  1. [1]Opens in a new tab ↗
  2. [2]Opens in a new tab ↗
  3. [3]Opens in a new tab ↗
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