What does “bond market indicates that monetary policy is behind the curve” really mean and how does it affects the stocks?

All,

Trying to learn more about dependency of stocks in bond market. I read an article today that said the above.
https://markets.businessinsider.com/news/stocks/best-case-scenario-stock-market-outlook-fed-rate-cut-ms-2024-9

What exactly is the bond pricing indicating and how is it understood?

All I understand so far is that GDP growth isn't too bad and the 10Y-2Y yield curve uninverted recently indicating that recession probabilities are low.

How do I decipher additional insights based on bond prices?