Nearly 58 percent of investors surveyed in Seeking Alpha’s latest sentiment survey said they expect the Federal Reserve to cut interest rates in September and in November or December.

The Seeking Alpha sentiment survey results for August are in and cover the hottest developments in the market and economic expectations.

According to the August survey of more than 1,400 investors, 57.9 percent said they expect a rate cut in September and either November or December.

28.1% of respondents said they expected interest rate cuts only in September, 8.1% expected interest rate cuts in September, November and December and only 5.9% did not expect any interest rate cuts this year.

Last month’s results showed that 44.4 percent of respondents expected the Fed to announce interest rate cuts in September.

In addition, more than half of respondents (53.4%) said they believe there is a 25 percent chance that the United States will experience a recession within the next twelve months – up from just 49.3 percent in July. 23.4% of them said they believe there is a 50 percent chance that a recession will occur within the next twelve months.

12.5 percent of respondents said they see no likelihood of a recession, 7.5 percent said the likelihood of a recession is 75 percent, and only 3.2 percent of respondents said the likelihood of a recession is 100 percent.