The first inversion is the 1Y/2Y yield. Does that mean the bond market predicts rate cuts occurring between Nov 2023 and Nov 2024?

The 1M, 3M, 6M, and 1Y are all normal, the first inversion is the 1Y/2Y bond. I'm just trying to understand what this means, from what I gather this means the bond market does not expect rate cuts until at least 1 year from now, but it does expect rate cuts within 2 years from now?

I'm really not sure though so any insight is appreciated.