Dallas Fed President Logan has advocated for at least two more rate hikes of 25 basis points each, with the winter adjustment likely to be faster than the fall. Deutsche Bank also increased its forecast for a 25 basis point interest rate hike in January 2027, extending the tightening issue to next year. (Previous summary: The Federal Reserve is on hold! Maintaining interest rates at 3.75%–4.00%, with two votes insisting on raising interest rates by another 1%) (Background supplement: The Federal Reserve will stop cutting interest rates? Fed officials said that "employment is strong and inflation is nearly 2%" and the neutral interest rate has been reached) Lorie Logan, President of the Federal Reserve Bank of Dallas, said in a speech at the Energy Conference on November 10 that based on the current economic outlook, the Federal Reserve will need at least two more 25-year-old rates. basis points, and then suspend the review. She also pointed out that the pace of interest rate hikes this winter may be faster than since the beginning of autumn. Banks are also adjusting the interest rate path. A public summary published by Reuters in the early morning of November 11, Taipei time, pointed out that Deutsche Bank increased its forecast for a 25 basis point interest rate hike in January 2027 after inflation data in October were higher than expected. From official assertions to bank forecasts, austerity talk is stretching into winter. Logan estimates that the policy is still short of at least 50 basis points, and will reassess after two interest rate hikes. Logan believes that the current policy interest rate target range is at least 50 basis points lower than the level that can have a moderate restrictive effect and start to bring the inflation trend back to the target. Her judgment is not just that interest rates have not risen enough, but that current policies are still adding fuel to price pressures. Therefore, she advocates at least two more rate hikes of 25 basis points each, or one yard each. Once completed, review the economic and financial situation to determine what further actions are needed. This pause point is a time to reassess policy, not that she prejudges that the cycle of interest rate hikes is over. The speed of interest rate increases depends on the recent economic and financial environment. Logan said winter may advance faster than autumn; at the same time, gradual adjustments can still help households, businesses and markets adapt to higher interest rates and reduce the risk of economic activity deteriorating beyond necessary. According to this year’s FOMC membership list released by the Federal Reserve, Logan is a voting member. What she put forward in her speech was her own opinion on the policy path. Inflation comes not only from wartime energy and tariffs, but also from service prices. The energy conference, co-organized by the Federal Reserve Bank of Dallas and Kansas City, did not allow Logan to attribute the inflation problem solely to oil prices. She pointed out that recent wartime energy supply disruptions are far from the only source; even if the energy shock subsides, the broader price trend is likely to continue. She specifically mentioned that in addition to energy and manufactured goods affected by tariffs, prices for services such as medical care, childcare, dining out, and hotels are also increasing. Prices for core services, which exclude housing and transportation, rose 3.2% in the 12 months to September; these items are not particularly sensitive to tariffs, the Middle East conflict or chip demand. In Logan's analysis, the U.S. economic growth is still strong and the labor market is close to full employment and even slightly tightened. When the employment target has been roughly achieved but inflation remains high, policy needs to shift to mild restrictions rather than just waiting for a few supply shocks to dissipate on their own. After a pause in October, the winter interest rate path may still be upward. Logan explained that after the Federal Reserve raised interest rates by 25 basis points in September, it chose to skip an interest rate hike in October, which did not change the end point of her policy. If the market understands the direction of the policy, the precise timing of each interest rate increase will have a limited impact on the long-term interest rates paid by most borrowers. Deutsche Bank's additional forecast for an interest rate hike in January next year has also extended the discussion from a single meeting to a policy path for the next year. Logan's focus is on first pushing interest rates high enough to curb inflation, while the bank incorporates the possibility of longer tightening into its forecasts. For households and businesses, both are concerned with how borrowing costs may continue to rise, not just how much they will rise at the next meeting. The gradual increase in interest rates advocated by Logan is precisely to retain room for adjustment between suppressing persistent inflation and avoiding excessive shocks to the economy. Related reports: Morgan Stanley's forecast has turned hawkish, reporting that the Federal Reserve will raise interest rates twice! The European Central Bank will also raise funds in December. Will the Federal Reserve raise funds three times in a row? History repeats itself in 1989: a warning of 16 interest rate hikes. Brent crude oil surged to $108, and the 10-year U.S. bond yield hit a three-year high: Tonight’s CPI is the last test before the FOMC. The U.S. PCE increased by 3.6% year-on-year in September! Core 3.1%, inflation persists and 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 into next year.> This article was first published in BlockTempo "Dongzone Trend-the most influential blockchain news media".