Jefferies’ David Zervos: There is a cogent case for a 75 basis point rate cut

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Percentage sign cut in half by scissor

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Inflation data and significant employment report revisions justify more aggressive interest rate cuts, according to Jefferies chief market strategist David Zervos.

The strategist highlighted that approximately 1.5 million jobs have been revised away for 2024, calling it “an incredibly large number” during an

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