According to BlockBeats, on September 6, "Federal Reserve Mouthpiece" Nick Timiraos' latest article stated that the U.S. August employment report scheduled for release on Friday will play a greater role than usual in determining the extent of the Federal Reserve's interest rate cut this month.
At the Fed’s September meeting, the debate will center on whether to start cutting rates by 25 or 50 basis points to prevent an unwanted softening in the job market. The August hiring and employment reports will be key to that decision.
A decent jobs report could prompt officials to kick off a possible series of rate cuts with a 25 basis point cut. If hiring is weak or unemployment rises, as it did in July, a bigger rate cut would be imminent.