Dallas Fed President Lorie Logan and St. Louis Fed President Alberto Musalem said two days after the FOMC held rates that the hiking cycle is not over. Logan said the committee needs at least two more 25-basis-point increases before it should pause to examine developments, while Musalem said additional firming will be necessary, and soon. PCE inflation was 3.6% year over year in September, core PCE was 3.1%, and real GDP grew at a 3.4% annual rate in the third quarter. CME FedWatch put the odds of a December quarter-point hike at about 76%, and the two-year Treasury yield fell to 4.56% from 4.61%. The article says the risk for stocks lies in the gap between the one hike markets have priced in and the at least two Logan is calling for.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 101.96 |
| Change that session | +0.08% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/30/2026 | 77,368.77 |
| Change that session | -0.80% |
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.11601 |
| Change that session | -0.20% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/30/2026 | 3,901.71 |
| Change that session | -2.81% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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