News Summary

• "The Fed will cut rates because it worries monetary policy is too restrictive for a weakening economy," Buchbinder shared with Newsweek prior to the Fed's decision to hold rates at 5.25 percent to 5.5 percent..
• "LPL financial chief equity strategist Jeffrey Buchbinder told Newsweek last week that once the Fed begins to cut rates, the central bank has already gone too far and a recession is either coming, or already started..
• "The central bank's goal remains a soft landing, and their spotty track record in achieving that goal does not mean a hard landing is necessarily in the cards..
• His focus is reporting on Economy & Finance..
• Aj joined Newsweek in 2023 and brings with him in-field experience reporting on complex financial topics..
• You can get in touch with Aj by emailing [email protected]: English, American Sign Language (ASL).Aj Fabino is a Newsweek reporter based in Chicago..