[Analysis: Fed's Dovish Shift Sparks Market Frenzy]
According to a report by Golden Finance, Swissquote Bank senior analyst Ipek Ozkardeskaya stated that today's situation is quite interesting because we see the Federal Reserve, or at least Powell, shifting to a more dovish stance to support the weakening job market. So this is essentially a dovish shift in Fed policy that aligns with recent market expectations. The Fed is now preparing to deliver that 25 basis point rate cut, at least as the market anticipates, which has clearly triggered significant excitement.