Will Fed get it right with size of first rate cut in 4 years?

SINGAPORE – The long-anticipated interest rate cut by the US Federal Reserve is almost upon us, and yet there is a sense of unease over whether the world’s most influential central bank will get it right.

After months of near consensus that the Fed will start bringing rates down from their highest levels in decades with a modest quarter-percentage point cut, a growing number of economic experts now believe that a bigger half-percentage point cut will be needed to avoid a potential US recession.