Recent inflation readings have been good (in particular PCE which is the Fed's preferred inflation index).
We got an update to the Fed's projections at the meeting too. The Fed expects inflation to be lower than previously expected.
The terminal Fed funds rate is expected to be exactly where we currently are. So barring some unexpected inflation, we shouldn't see any more rate hikes.
2023 GDP projections were revised upwards from the September projections thanks to the strong third quarter.