17.09.2025 22:30
The U.S. Federal Reserve announced its highly anticipated interest rate decision. After the Fed lowered the policy rate by 25 basis points, gold hit a record high, while the dollar experienced a sharp decline. The Euro/Dollar exchange rate, on the other hand, began to rise.
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The Federal Reserve (FED) announced its interest rate decision for September. Accordingly, the Fed lowered the interest rate by 25 basis points to a range of 4.00 - 4.25 percent, in line with expectations. The Fed last lowered the interest rate by 25 basis points on December 18, 2024, bringing it to a level of 4.25 to 4.50 percent.
WHAT WAS THE MARKET'S REACTION?
After the FED lowered interest rates by 25 basis points, there was volatility in the markets.
Before the gold price decision, it was around $3,687, and immediately after the decision, it rose to $3,708, breaking an all-time record.
GRAM GOLD HAS STARTED TO RISE
Gram gold reached a record high of 4,919 lira due to upward movements in the spot gold market. In the Grand Bazaar, gram gold is currently at 5,033 lira.
DOLLAR DROPPED SHARPLY
The dollar index was moving at 96.72 points before the interest rate decision and sharply retreated to 96.21 points immediately after the rate cut.
SHARP RISE IN EURO/DOLLAR
The Euro Dollar parity was around the 1.18 level before the decision, and after the rate cut, it rose to the 1.19 level.
EURO/TL SET A RECORD
In recent days, the weakness of the dollar has led to record increases in the value of the euro. Today, euro/TL rose to 49 lira, setting a record. Following the Fed's interest rate cut, it reached a peak of 49.19 lira.
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