11.12.2025 00:50
After the Federal Reserve cut interest rates by 25 basis points, the markets surged. Following the decision, the price of gold per ounce rose to $4,238, while in the domestic market, the price of gold per gram reached a historic level of 5,804 Turkish lira. The euro also reached an all-time high of 49.84 TL.
The Federal Reserve (Fed) lowered the policy interest rate by 25 basis points, bringing it to a range of 3.5-3.75%, in line with expectations. In a statement from the Fed, it was noted that the decision made at this year's final meeting was taken with 9 votes against 3.
GOLD REACHED HISTORICAL LEVELS WITH THE FED'S DECISION
Following the Fed's interest rate decision, markets soared. The ounce of gold rose to $4,238. In the domestic market, the gram of gold reached a historical level of 5,804 lira.
EURO'S RECENT RECORD
The foreign exchange market also felt the impact of the Fed's decision. The euro reached an all-time high of 49.84 TL. The dollar continued to trade at a level of 42.55 TL.
FED'S THIRD INTEREST RATE CUT THIS YEAR
With the progress recorded in inflation, the Fed made its first interest rate cut in four years last September, lowering the policy rate by 50 basis points. In November and December of last year, the Fed also cut the policy rate by 25 basis points each time, and in January, it paused the interest rate cuts it had made in three consecutive meetings last year.
The Fed did not make any changes to the policy rate in its meetings in March, May, June, and July. In September, the Fed made the first interest rate cut of the year, lowering the policy rate by 25 basis points. The bank also implemented a 25 basis point interest rate cut in October. Thus, with its latest decision, the Fed cut interest rates for the third time this year.