JPMorgan Chase: This week's employment report may be the "ruler" of whether the Fed will cut interest rates by 25 basis points or 50 basis points

Phil Camporeale, portfolio manager of global allocation strategy at JPMorgan Asset Management, said Friday's highly anticipated jobs report could be the "arbiter" on whether the Federal Reserve cuts its benchmark interest rate by 25 basis points or 50 basis points at its September policy meeting. Camporeale expects August's employment situation to be stronger than July, which could set the stage for the Fed to gradually cut interest rates by 25 basis points starting in September. He said a larger rate cut would mean increased concerns about the labor market and the economy. (Jinshi)