Has the Market Got the Fed’s Rate-Path Wrong?

From youtube.com

Expectations of an interest cut by December are building. Although the year-on-year increase in CPI fell from 6% to 5% in April, inflation remains well above the Fed’s 2% target – and Bank officials have been adamant that cuts will remain off the table until a sustainable decline is evident. Is it time for the market to reset its expectations on the Fed’s future rate path? Presented by @cmegroup