I expect a 25 bps cut. A 50 bps cut could send wrong signals to investors that the economy is not doing well (looming recession), destabilising the 'soft-landing effect' that FED is going for, thereby triggering a mass sell off across the board. Afterall, inflation is still high and far from the FED's 2% goal. US economy is still growing (albeit slow), unemployment rate is high but not glaringly unacceptably high. The last FED wants is to over-cut rates and undo months of efforts to curb inflation (and risk elevating rates once more should inflation goes up again). I believe a 25 bps cut is on the table, and FED will then employ a wait and see approach to see how things go - whether there are signs of inflation going back up or inflation is under control and heading towards their 2% g