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Nearly 80% believe the Fed will cut interest rates: CNBC Fed Survey

Nearly 80% believe the Fed will cut interest rates: CNBC Fed Survey CNBC's Steve Liesman joins "Squawk Box" to discuss the results of CNBC's latest Fed survey as the Fed kicks off it's two-day policy-setting meeting. Nearly 80% of the 43 respondents believe the Fed will cut rates at its meeting this week, the third cut this year. But 63% believe the Fed will pause in its rate cuts for the remainder of the year. On average, the respondents, who include fund managers, economists and strategists, think the next cut will come in February.

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