JPMorgan Chase: This week's employment report could be the "decider" on whether the Federal Reserve can cut 50 basis points in September

Odaily reports that Phil Camporeale, the global portfolio strategy manager at J.P. Morgan Asset Management, stated that the highly anticipated employment report released on Friday could be a "decider" for whether the Federal Reserve will lower its benchmark interest rate by 25 or 50 basis points at its policy meeting in September.

Camporeale predicts that the employment situation in August will be stronger than July, which may prepare the Fed to gradually cut interest rates starting from September, with each reduction being 25 basis points. He said a larger rate cut would imply increased concerns about the labor market and economy.