[Analyst: Dovish Fed Benefits Risk Assets, Short-Term Bonds and Gold May Lose Appeal] After Federal Reserve Chair Jerome Powell expressed concerns about the labor market, Wall Street is betting that the Fed will cut interest rates twice or more by 2026. Global X analyst Scott Helfstein stated that a dovish Fed should generally be favorable for risk assets, particularly growth stocks and cyclical stocks. Industries tied to corporate investment cycles may also be well-positioned. Scott Helfstein added that the appeal of short-term bonds and gold might slightly decline, while long-duration bonds could attract more attention if short-term interest rates decrease.