JPMorgan Chase (JPM. N) reported that yesterday's U.S. CPI data gave the Federal Reserve the green light to start cutting interest rates at its upcoming September meeting. The only question now is whether it will start with a 50-basis-point cut or a more moderate 25-basis-point cut. The deciding factor will depend on how much of a rebound in the August jobs report. A 16-200,000 increase in the number of jobs is likely to remove most of the concerns raised by the July jobs report, while employment growth below 100,000 could tip the balance of risk in favor of growth and lead to a larger rate cut.