On September 11, Elyse Ausenbaugh, head of investment strategy at JPMorgan Wealth Management in New York, and Emily Roland, co-chief investment strategist at John Hancock Investment Management, among others, suggested that the August CPI report could be an important deciding factor. Keith Buchanan, senior portfolio manager at global Investments, which manages $2.50 billion assets, said the August CPI report "will confirm or negate expectations of a 50 basis point rate cut, which would be the largest in a long time. As inflation falls, interest rates become more restrictive, so a 50 basis point cut in the target rate does not necessarily shift policy entirely to an accommodative stance. "