CNBC Fed Survey: Fed to Cut Rates by 25%, Expecting a Soft Landing

The survey found that 84% of 27 respondents, including economists, fund managers and strategists, expect the Fed to cut rates by 25%, while 16% predict a 50 basis point cut.

CME futures showed the opposite result, with 61% favoring a 50 basis point cut and 39% favoring a 25 basis point cut.

The market is divided on the Fed's decision, so whatever the Fed decides, about half of the market will be surprised.

The Fed is expected to announce its rate cut decision:

- September 18 US time at 11am California time

- September 19 Vietnam time at 1am.