According to CoinMeta, institutional analyst Larry Holzenthaler stated that after the Federal Reserve maintained interest rates unchanged as expected, the market generally believed that there would be another rate hike in December. After two votes against it, it became almost certain that there would be a rate hike in December. Walsh's remarks also seem to indicate that the Federal Reserve's primary concern is price stability, rather than the job market. According to data from LSEG, the money market pricing suggests a 83% probability of a 25-basis-point rate hike at the December policy meeting.