Analysis: Fed’s Dovish Shift Sparks Market Frenzy

According to a report by Jinse Finance, Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank, stated that today's situation is quite interesting because we are seeing the Federal Reserve, or at least Powell, shifting to a more dovish stance to support the weakening job market. So this is actually a dovish shift in Fed policy that aligns with recent market expectations. The Federal Reserve is now preparing to deliver that 25-basis-point rate cut to the market, or at least that's what the market expects, and this has clearly sparked significant excitement.