# Two Fed Officials Just Called for More Rate Hikes, Starting Soon

> Dallas Fed President Lorie Logan called for at least two more 25-basis-point rate hikes on October 30, and St. Louis Fed President Musalem said firming would be necessary soon. The S&P 500 ETF SPY fell 1.77% that day amid an AI-related selloff that left the Nasdaq at a three-month low.

- Date: 2026-10-31 · published 2026-11-01T12:08:20.907Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8881-two-fed-officials-just-called-for-more-rate-hikes-starting-soon
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish Fed signals strengthen the dollar and tighten financial conditions, adding pressure on equity-linked risk appetite and dollar-priced commodity demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-16 | [Fed officials divided in July over need for more rate hikes, minutes show \| Reuters](https://feedsoft.ai/events/34479-fed-officials-divided-in-july-over-need-for-more-rate-hikes-minutes-show-reuters.md) | +0.1% | +0.7% |
| DXY | 2022-08-02 | [Dollar jumps vs yen as Fed officials hint more rate hikes coming \| Reuters](https://feedsoft.ai/events/40270-dollar-jumps-vs-yen-as-fed-officials-hint-more-rate-hikes-coming-reuters.md) | +0.4% | +1.7% |
| DXY | 2021-06-16 | [Wall Street closes lower as Fed officials project rate hikes for 2023](https://feedsoft.ai/events/5933-wall-street-closes-lower-as-fed-officials-project-rate-hikes-for-2023.md) | +1.4% | +1.4% |
| DXY | 2018-08-22 | [Fed's minutes pave way for two more rate hikes in 2018](https://feedsoft.ai/events/63698-fed-s-minutes-pave-way-for-two-more-rate-hikes-in-2018.md) | -0.5% | -0.2% |
| DXY | 2017-02-22 | [Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show - Bloomberg](https://feedsoft.ai/events/72388-many-fed-officials-see-rate-hike-fairly-soon-minutes-show-bloomberg.md) | -0.5% | -1.5% |

## Sources

- 247wallst.com: https://247wallst.com/investing/2026/10/31/two-fed-officials-just-called-for-more-rate-hikes-starting-soon/
- dyatome.com: https://www.dyatome.com/post/two-fed-officials-say-rates-must-rise-as-markets-price-in-a-december-hike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.