Piramit Menkul K\u0131ymetler\u2019in raporunda Fed\u2019in faiz karar\u0131n\u0131n ard\u0131ndan bu sabah Asya hisse senedi piyasalar\u0131nda sat\u0131c\u0131l\u0131 bir seyir izlendi\u011fi ifade edildi. Raporda \u015fu de\u011ferlendirmelere yer verildi:<\/p>\n
\u201cJaponya Nikkei225 Endeksi y\u00fczde 0,86, Topix Endeksi y\u00fczde 0,73 geriledi. \u00c7in\u2019de \u015eanghay Bile\u015fik Endeksi y\u00fczde 0,78, Shenzhen Bile\u015fik Endeksi y\u00fczde 0,57 d\u00fc\u015f\u00fc\u015f kaydetti. Hong Kong Hang Seng Endeksi y\u00fczde 0,24 azald\u0131. G\u00fcney Kore Kospi Endeksi y\u00fczde 0,26 gerilerken Tayvan Taiex Endeksi y\u00fczde 1,32 de\u011fer kaybetti. Avustralya S&P\/ASX200 Endeksi y\u00fczde 0,15 y\u00fckseldi.<\/p>\n
Yurt i\u00e7inde haftan\u0131n en \u00f6nemli geli\u015fmesi T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) bug\u00fcn ger\u00e7ekle\u015ftirece\u011fi, y\u0131l\u0131n son Para Politikas\u0131 Kurulu (PPK) toplant\u0131s\u0131 olacak.<\/p>\n
Matriks Haber\u2019in anketine g\u00f6re piyasan\u0131n medyan tahmini politika faizinin 150bp indirimle y\u00fczde 39,50\u2019den y\u00fczde 38,00\u2019e \u00e7ekilece\u011fi y\u00f6n\u00fcnde.<\/p>\n
TCMB, en son yap\u0131lan 23 Ekim tarihli PPK toplant\u0131s\u0131nda politika faizini 100bp indirimle y\u00fczde 39,50\u2019ye \u00e7ekmi\u015fti. Gecelik bor\u00e7lanma ve bor\u00e7 verme oranlar\u0131 s\u0131ras\u0131yla y\u00fczde 38,00 ve y\u00fczde 42,50\u2019ye geriledi. Para politikas\u0131 duru\u015funa ili\u015fkin ana mesaj korunmu\u015ftu.<\/p>\n
Banka\u2019n\u0131n ekim toplant\u0131s\u0131n\u0131n ard\u0131ndan ekim ve (Ge\u00e7en hafta) kas\u0131m enflasyon verileri a\u00e7\u0131kland\u0131. T\u00dcFE ekimde ayl\u0131k y\u00fczde 2,55 art\u0131\u015fla piyasa beklentisini a\u015farken kas\u0131mda y\u00fczde 0,87 art\u0131\u015fla beklenti alt\u0131 kalm\u0131\u015ft\u0131.<\/p>\n
Matriks Haber\u2019in son anketine g\u00f6re kat\u0131l\u0131mc\u0131lar\u0131n 2026 sonu faiz beklentisi y\u00fczde 28 d\u00fczeyinde olu\u015ftu.<\/p>\n
Perakende sat\u0131\u015flar (Ekim)<\/p>\n
T\u00dc\u0130K d\u00fcnk\u00fc sanayi \u00fcretimi verisinin ard\u0131ndan bu sabah ticaret sat\u0131\u015f hacmi endekslerini yay\u0131mlayacak. Perakende sat\u0131\u015f hacmi eyl\u00fclde ayl\u0131k y\u00fczde 2,2, y\u0131ll\u0131k bazda y\u00fczde 14,3 artm\u0131\u015ft\u0131.<\/p>\n
Sanayi \u00fcretimi ekimde ayl\u0131k y\u00fczde 0,8 azald\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 2,2 artt\u0131. Eyl\u00fcl verisi ayl\u0131k y\u00fczde 2,2 d\u00fc\u015f\u00fc\u015ften y\u00fczde 2,1 d\u00fc\u015f\u00fc\u015fe, y\u0131ll\u0131k bazda ise y\u00fczde 2,9 art\u0131\u015ftan y\u00fczde 3,0 art\u0131\u015fa revize edildi.<\/p>\n
Piyasalarda d\u00fcn ne oldu? Hisse senedi piyasalar\u0131nda kar\u0131\u015f\u0131k bir seyir h\u00e2kimdi. Asya\u2019da, Japonya Nikkei225 Endeksi\u2019nin yatay seyretti\u011fi g\u00fcnde Hang Seng Endeksi y\u00fczde 0,42 y\u00fckselirken G\u00fcney Kore Kospi Endeksi y\u00fczde 0,21, \u00c7in CSI300 Endeksi y\u00fczde 0,14 geriledi. Avrupa taraf\u0131nda Stoxx Europe 600 Endeksi\u2019nin yatay seyretti\u011fi g\u00fcnde Fransa CAC40 Endeksi y\u00fczde 0,37, Almanya DAX Endeksi y\u00fczde 0,13 d\u00fc\u015ferken \u0130ngiltere FTSE100 Endeksi y\u00fczde 0,14 y\u00fckseldi. ABD\u2019de ise S&P500 Endeksi y\u00fczde 0,67, Dow Jones Endeksi y\u00fczde 1,05, Nasdaq Bile\u015fik Endeksi y\u00fczde 0,33 y\u00fckseldi.<\/p>\n
Borsa \u0130stanbul\u2019da negatif bir seyir hakimdi. BIST100 Endeksi g\u00fcn\u00fc y\u00fczde 0,40 d\u00fc\u015f\u00fc\u015fle 11.193 puandan kapad\u0131. BIST 100\u2019de i\u015flem hacmi 150,58mlr TL seviyesinde seyretti. BIST30 Endeksi y\u00fczde 0,35 d\u00fc\u015ferek 12.145 puandan seans\u0131 tamamlad\u0131. BIST Banka Endeksi y\u00fczde 1,38, BIST S\u0131nai Endeksi y\u00fczde 0,26 geriledi.<\/p>\n
Fed son toplant\u0131da y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc faiz indirimine gitti<\/p>\n
Fed, 2025\u2019in son toplant\u0131s\u0131nda politika faizini 25bp indirerek y\u00fczde 3,50-3,75 aral\u0131\u011f\u0131na \u00e7ekti ve b\u00f6ylece y\u0131l i\u00e7inde \u00fc\u00e7 indirimle toplam 75bp indirim ger\u00e7ekle\u015ftirmi\u015f oldu. Ancak karar metnindeki ifade de\u011fi\u015fikli\u011fi bundan sonraki faiz ad\u0131mlar\u0131n\u0131n daha belirsiz ve verilere ba\u011f\u0131ml\u0131 olaca\u011f\u0131na i\u015faret etti.<\/p>\n
FOMC, 25bp indirim karar\u0131n\u0131 9-3 oyla ald\u0131. 2019\u2019dan beri ilk kez \u00fc\u00e7 kar\u015f\u0131 oyun \u00e7\u0131kmas\u0131 komite i\u00e7indeki g\u00f6r\u00fc\u015f ayr\u0131l\u0131klar\u0131n\u0131n derinle\u015fti\u011fini g\u00f6sterdi. Chicago Fed Ba\u015fkan\u0131 Goolsbee ve Kansas City Fed Ba\u015fkan\u0131 Schmid faizlerin sabit b\u0131rak\u0131lmas\u0131 y\u00f6n\u00fcnde, ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n atad\u0131\u011f\u0131 Fed Guvern\u00f6r\u00fc Stephen Miran 50bp indirim y\u00f6n\u00fcnde oy kulland\u0131.<\/p>\n
Fed, ayr\u0131ca, rezervlerin \u201cyeterli\u201d seviyenin alt\u0131na indi\u011fini belirterek Aral\u0131k\u2019tan itibaren ayl\u0131k 40 milyar dolarl\u0131k Hazine bonosu al\u0131mlar\u0131na ba\u015flayaca\u011f\u0131n\u0131 duyurdu ve bilan\u00e7o daraltma s\u00fcrecini fiilen sonland\u0131rd\u0131.<\/p>\n
Noktasal grafiklere g\u00f6re politika yap\u0131c\u0131lar\u0131n makro ekonomik projeksiyonlar\u0131:<\/p>\n
\u00c7ekirdek PCE 2025 tahmini y\u00fczde 3,1'den y\u00fczde 3,0'a indirildi. 2026 beklentisi de y\u00fczde 2,6'dan y\u00fczde 2,5'e \u00e7ekildi.<\/p>\n
PCE tahmini de 2025 i\u00e7in y\u00fczde 3,0'dan y\u00fczde 2,9'a, 2026 i\u00e7in y\u00fczde 2,6'dan y\u00fczde 2,4'e geriledi.<\/p>\n
2026\u2019da sadece bir kez (25bp) faiz indirimine gidilece\u011fi \u00f6ng\u00f6r\u00fcs\u00fc \u00f6nceki projeksiyonlara g\u00f6re de\u011fi\u015fmedi.<\/p>\n
Eyl\u00fcl ay\u0131nda y\u00fczde 1,6 olarak \u00f6ng\u00f6r\u00fclen b\u00fcy\u00fcme oran\u0131 tahmini y\u00fczde 1,7 oldu. 2026 b\u00fcy\u00fcme tahmini de y\u00fczde 1,8'den y\u00fczde 2,3'e \u00e7\u0131kt\u0131.<\/p>\n
\u0130\u015fsizlik tahminlerinde ise 2025 i\u00e7in y\u00fczde 4,5, 2026 i\u00e7in ise y\u00fczde 4,4 seviyesi korundu.<\/p>\n
Toplant\u0131 sonras\u0131 konu\u015fan Powell, istihdamdaki yumu\u015faman\u0131n ve geciken verilerin yaratt\u0131\u011f\u0131 belirsizli\u011fin alt\u0131n\u0131 \u00e7izerek Fed\u2019in \u00f6nceden belirlenmi\u015f bir faiz patikas\u0131 olmad\u0131\u011f\u0131n\u0131, gerekirse daha fazla faiz indirimin olabilece\u011fi ya da hi\u00e7 faiz indirimi yapmayabileceklerinin de m\u00fcmk\u00fcn oldu\u011funu vurgulad\u0131. Mal enflasyonunun tarifeler nedeniyle y\u00fckseldi\u011fini, hizmet taraf\u0131nda ise dezenflasyonun s\u00fcrd\u00fc\u011f\u00fcn\u00fc belirten Powell, tarife etkisinin 2026\u2019n\u0131n ilk \u00e7eyre\u011finde zirve yapmas\u0131n\u0131n ard\u0131ndan enflasyonun yeniden d\u00fc\u015f\u00fc\u015fe ge\u00e7ece\u011fini s\u00f6yledi.<\/p>\n
Piyasa beklentilerinin yat\u0131\u015ft\u0131\u011f\u0131n\u0131, uzun vadeli enflasyon beklentilerinin ise y\u00fczde 2,0 hedefiyle uyumlu oldu\u011funu ifade eden Powell, mevcut faiz seviyesinin Fed\u2019e \u201cbekleyip izleme\u201d alan\u0131 b\u0131rakt\u0131\u011f\u0131n\u0131, Ocak toplant\u0131s\u0131 i\u00e7in karar\u0131n tamamen gelecek verilerle \u015fekillenece\u011fini aktard\u0131. Ayr\u0131ca yapay zeka yat\u0131r\u0131mlar\u0131n\u0131n verimlili\u011fi art\u0131rarak b\u00fcy\u00fcmeyi destekledi\u011fini, buna ra\u011fmen i\u015fg\u00fcc\u00fc piyasas\u0131nda a\u015fa\u011f\u0131 y\u00f6nl\u00fc risklerin hala belirgin oldu\u011funu vurgulad\u0131.<\/p>\n
FOMC\u2019nin i\u00e7 tart\u0131\u015fmalar\u0131, faiz politikas\u0131n\u0131n y\u00f6n\u00fcne ili\u015fkin farkl\u0131 hassasiyetlerin s\u00fcrd\u00fc\u011f\u00fcn\u00fc ortaya koyarken yay\u0131mlanan noktasal grafik komitenin 2026\u2019da yaln\u0131zca bir faiz indirimi bekledi\u011fini g\u00f6sterdi. Bu tablo, Fed\u2019in k\u0131sa vadede temkinli kalaca\u011f\u0131na ve hem b\u00fcy\u00fcme hem enflasyon taraf\u0131ndaki k\u0131r\u0131lgan g\u00f6r\u00fcn\u00fcm nedeniyle kararlar\u0131n tamamen gelen verilerle \u015fekillenece\u011fine i\u015faret etti.<\/p>\n
Yurt i\u00e7inde sanayi \u00fcretimi (Ekim)<\/p>\n
T\u00dc\u0130K ekim ay\u0131 sanayi \u00fcretimini yay\u0131mlad\u0131. Eyl\u00fclde, sanayi \u00fcretimi ayl\u0131k y\u00fczde 0,8 azal\u0131rken y\u0131ll\u0131k bazda y\u00fczde 2,2 artt\u0131.\u201d<\/p>\n
<\/strong> \u0130stanbul, 11 Aral\u0131k (Hibya) – Piramit Menkul K\u0131ymetler, Fed\u2019in faiz karar\u0131n\u0131n ard\u0131ndan bu sabah Asya hisse senedi piyasalar\u0131nda sat\u0131c\u0131l\u0131 bir seyir izlendi\u011fini bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":18757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-18756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/18756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=18756"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/18756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/18757"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=18756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=18756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=18756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"