Biden Snubbed During Turkey Visit

The transcript discusses Biden's visit to Turkey, marked by diplomatic tensions over the presence of Petula Glenn in the US, whom Turkey blames for a coup attempt. It highlights Turkey's military offensive in Syria against the Islamic State, supported by the US-led coalition, and the strategic tensions with the US over Kurdish fighters. The transcript also examines the impact of these geopolitical events on Turkish markets, noting their resilience despite political turmoil and concerns over Federal Reserve interest rates.

How did the Turkish markets react to the geopolitical risks mentioned in the text?

What concerns do investors have regarding the Federal Reserve's interest rates in relation to Turkey?