According to CoinMeta, Walsh stated in his speech at Jackson Hole that inflation is still above the Federal Reserve's target of 2%, suggesting the possibility of another interest rate hike. According to Walsh, the 12-month change in the Personal Consumption Expenditures Price Index is 3.7%, while the six-month change has reached 4.1%. Although the summer PCE and CPI reports were better than expected, Walsh believes that the underlying inflation trend has not "significantly improved." He pointed out that over the past 12 months, prices for 54% of goods and services in the PCE basket have risen by more than 3%. Walsh also mentioned that recent increases in commodity prices may increase inflation risks. According to the Polymarket contracts, the probability of at least one interest rate hike in 2026 is 68%.