The latest Reuters survey has delivered a major signal—out of 100 economists, 89 are betting that the Federal Reserve will cut interest rates by 25 basis points at the upcoming meeting on the 18th of this month. If this prediction comes true, the federal funds rate will drop to a range of 4.25%-4.50%.

Even more aggressive expectations are ahead: half of the surveyed experts believe that by the end of the first quarter next year, rates could be cut again, dropping directly to 4.00%-4.25%. Such expectations of consecutive easing are not bad news for risk assets—after all, when liquidity loosens, market sentiment often becomes more exuberant.