Odaily Planet Daily News Odaily Planet Daily News "Federal Reserve Mouthpiece" Nick Timiraos' latest article said that the U.S. August jobs report, scheduled for release on Friday, will play a larger role than usual in determining the extent of the Fed's interest rate cut this month. At the Fed's September meeting, the focus of the debate is whether to start cutting interest rates by 25 or 50 basis points to prevent an unwanted weakness in the job market. The August hiring and employment reports will be key to this decision. A decent jobs report could prompt officials to start 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 larger rate cut will be imminent. (Jinshi)