29.04.2026 18:02
On the critical day when the Fed's interest rate decision will be announced, markets are focused on the messages Powell will deliver, while tensions in the Middle East pushed oil prices above $117 and pulled gold to its lowest levels in recent weeks. Experts emphasized that both the cautious steps of central banks and the news flow from the region will be decisive in determining market direction during this process, urging investors to maintain their current positions.
Global markets are locked in on the US Federal Reserve (Fed) interest rate decision to be announced this evening. Along with the decision, the statements made by Fed Chairman Jerome Powell will be decisive for both global stock markets and Turkish markets.
INTEREST RATES EXPECTED TO REMAIN STEADY
While the Fed is widely expected to keep interest rates steady, it is noted that the truly critical details lie in the messages Powell will deliver. Powell will deliver his final speech as chairman at 21:00 TSİ.
Meanwhile, the European Central Bank (ECB) is also expected to announce its interest rate decision tomorrow at 15:15, followed by assessments from President Christine Lagarde at 18:15.
MIDDLE EAST TENSION SHAKES MARKETS
Global markets are focused not only on interest rate decisions but also on tensions in the Middle East. Developments centered on Iran and uncertainties in the region are creating significant pressure on pricing. In this process, oil prices continued their rise, exceeding $117.48, while a sharp decline was noted in gold. Spot gold fell by 1.75% to below $4,515, hitting its lowest levels since March 31. Gram gold dropped to 6,545 lira.
INVESTORS WARNED "DO NOT SELL"
Financial analysts assessing the market volatility stated that new moves could be risky in the current conjuncture and called on investors to maintain their existing positions. Analysts highlighted protective measures taken in the domestic market and noted that bringing assets of citizens living abroad to Turkey at low taxes could support the markets.
"NEWS FLOW WILL BE DECISIVE"
Experts, emphasizing that central banks are pursuing a more cautious policy due to the war, said that the negative impacts of the rise in oil prices on many sectors are being closely monitored.
Stating that not only interest rate decisions but also the flow of news from the region will play a critical role in the direction of markets, experts emphasized that investors need to be careful in the coming period.