You can't make this up: The market is now pricing-in a base ...

You can't make this up:
The market is now pricing-in a base case of 7 interest rate cuts in 2024.
There's even a 10% chance of 8 rate cuts into 2024 with a ~1% chance of 9 rate cuts.
In other words, markets are saying there is a possibility of up to 3 TIMES as many rate cuts as the Fed is guiding.
Markets are expecting anywhere from 175 to 225 basis points of rate cuts next year.
This can't be what the Fed wanted to see.