The latest article by Nick Timiraos, the spokesperson for the Federal Reserve, states that the US August employment report scheduled for release on Friday will play a greater role than usual in determining the magnitude of the Fed's interest rate cuts this month. At the September meeting of the Federal Reserve, the focus of the debate was on whether to start cutting interest rates by 25 or 50 basis points to prevent an undesirable weakness in the job market. The August recruitment and employment report will be the key to determining this decision. A decent employment report may prompt officials to start a possible series of interest rate cuts by 25 basis points. If recruitment is weak or the unemployment rate rises, as in July, a larger interest rate cut will be imminent. @esveebee