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Federal Reserve (Fed)

The Federal Reserve System, established on December 23, 1913, is the central bank of the United States. It is an independent government institution consisting of a central governing board in Washington, D.C. and 12 regional system banks, and holds the authority to issue the US dollar.

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Ounce gold rises to $4,137 after sharp fall

In global markets, ounce gold closed yesterday at $4,115 after falling 3.97% and rose to $4,137 in early trading today. Gram gold started the day at 6,518 lira.

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Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Dollar exchange rate reaches all-time high at 48.80 lira

As demand for the dollar increased with the Fed's rate hike, the dollar exchange rate in Türkiye renewed its record by rising to 48.80 lira (TL). The euro stood at 56.05 lira (TL) and the pound at 65.36 lira (TL).

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Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Fed raises policy rate by 25 basis points, rate climbs to 3.75-4% range

The Fed raised interest rates for the first time since 2023, unanimously lifting the policy rate to the 3.75-4% range. The bank raised its year-end rate expectation to 4.1%, with 16 of 18 officials projecting at least one more hike this year.

Economy

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