Capital Account: Whatever probability you put on recession a few weeks ago, it should be lower now that the Federal Reserve has cut interest rates, the WSJ's Greg Ip writes

Core Viewpoint - The central bank's quarter-point rate cut has effectively removed the worst-case scenarios for the U.S. economy [1] Group 1 - The rate cut is expected to stabilize economic conditions and support growth [1] - This monetary policy adjustment reflects a proactive approach to managing economic risks [1] - The decision indicates confidence in the economy's resilience despite potential challenges [1]