🚨The Fed Wants To Cut But The Data Does Not Support It.

Market expectations for the first Fed rate cut have now been pushed back from July to September as of this morning.
For those keeping score, investors were predicting as many as SEVEN rate cuts at the start of the year, with the first move in March.
When March came, they pushed it back to June.
Then they pushed it back from June to July.
Now markets expect it to happen in September, but will the Fed really cut rates less than two months before the Presidential Election?
What will Powell do?