MARKET WATCH (SEKER YATIRIM) THE BIST 100 INDEX, WHICH STARTED WEDNESDAY ON A FLAT NOTE, CLOSED WITH A 0.15% DECLINE AT 11,165.85. AFTER THE STRONG GAINS OF THE FIRST TWO TRADING DAYS OF THIS WEEK, WE WITNESSED A CALM SESSION WHERE PROFIT-TAKING WAS MET WITH BUYING INTEREST AROUND THE 11,150-POINT LEVEL. AMONG SECTOR INDICES, THE BANKING INDEX DIVERGED POSITIVELY WITH A 0.36% GAIN, WHILE THE INDUSTRIAL INDEX ENDED THE DAY DOWN BY 0.10%. ON THE GLOBAL FRONT, THE U.S. FEDERAL RESERVE (FED) ANNOUNCED ITS FIRST RATE CUT OF THE YEAR YESTERDAY. AFTER KEEPING THE BENCHMARK RATE UNCHANGED AT THE FIRST FIVE FOMC MEETINGS OF THE YEAR, THE FED CUT IT BY 25 BASIS POINTS AT THE SEPTEMBER MEETING, BRINGING IT TO THE 4.00–4.25% RANGE. THE DECISION PASSED WITH AN 11-TO-1 VOTE, WITH TRUMP’S FED NOMINEE MIRAN VOTING IN FAVOR OF A 50-BASIS-POINT CUT. THE CONSENSUS AMONG OTHER MEMBERS ON A 25-BASIS-POINT CUT INDICATES THAT THE FED HAS MAINTAINED ITS INDEPENDENCE DESPITE MOUNTING POLITICAL PRESSURE IN RECENT MONTHS. LOOKING AT THE UPDATED PROJECTIONS, THE FED SIGNALED AN ADDITIONAL 50-BASIS-POINT RATE CUT BY YEAR-END. IF CUTS CONTINUE IN 25-BASIS-POINT INCREMENTS, IT SEEMS LIKELY THAT THERE WILL BE ONE CUT FROM EACH OF THE REMAINING TWO MEETINGS THIS YEAR. DURING THE PRESS CONFERENCE, FED CHAIR POWELL EMPHASIZED THE PRESENCE OF DOWNSIDE RISKS IN THE LABOR MARKET AND UPSIDE RISKS IN INFLATION, STATING THAT A 25-BASIS-POINT CUT WAS THE RIGHT DECISION GIVEN THE SHIFTING RISK BALANCE. SEKER YATIRIM MENKUL DEGERLER A.S WWW.SEKERYATIRIM.COM.TR *** YASAL UYARI BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR. 18.09.2025 09:25:17