So we finally got a rate cut — and a supersized one at that. After the move was announced Wednesday, Federal Reserve Chair Jerome Powell said officials made that decision to keep the US economy in its current “good shape.” Will that pan out? Only time will tell, of course, but recent history doesn’t make it look like it’s a sure shot by any means.

The reaction to the rate cut has been positive across the soft landing checklist. Odds of avoiding recession are higher following Chair Powell's aggressive start.