Odaily Planet Daily News Phil Camporeale, portfolio manager of JPMorgan Asset Management's global allocation strategy, said that the highly anticipated employment report released on Friday may become the "arbiter" of whether the Federal Reserve will cut the benchmark interest rate by 25 basis points or 50 basis points at its September policy meeting. Camporeale expects that the employment situation in August will be stronger than in July, which may prepare the Federal Reserve for gradual interest rate cuts starting in September, with each rate cut being 25 basis points. He said that a larger rate cut would mean increased concerns about the labor market and the economy. (Jinshi)