US Inflation Pushes Fed Rate-Hike Odds Above 85%
According to August inflation data released by the US Labor Department on September 11, annual consumer inflation rose to 3.4%, while core inflation rose 0.3% month-on-month to an annual 2.4%. The above-forecast data pushed the probability that the Fed raises rates by 25 basis points at its September 16 meeting above 85%, according to CME FedWatch data; the dollar index (DXY) climbed more than 0.3% to the 99.3-99.4 band, while euro/dollar (EUR/USD) fell 0.25% to 1.1570, near its lowest level in a week.
Gold Hovers at $4,300 Amid Stronger Dollar and Rate-Hike Bets
According to FXStreet data, spot gold (XAU/USD) lost 0.4% on Monday under pressure from the stronger dollar and rising expectations that the Fed could raise rates this week, falling to $4,331.84; gold is trying to hold just above the $4,300 mark following a three-week decline.
BIST 100 Deepens Afternoon Losses, Falls 1.56% to 14,241 Points
The BIST 100 index deepened its afternoon losses under pressure from the global sell-off in technology stocks and the dollar/TL rate, falling 226.1 points (1.56%) to 14,241.06 points as of 13:00; trading volume reached TL 67.1 billion. The IT index was the worst performer at 2.95%, while the banking index fell 0.64% and the holding index 0.55%.
Central Bank Week: After the Fed, BoE Decides Thursday, BoJ Friday
Following the Fed's decision on Wednesday, September 16, the Bank of England (BoE) will announce its rate decision on Thursday, September 17 at 12.00 UK time; the rate, held at 3.75%, is expected to stay unchanged, though market pricing also assigns roughly a one-in-three probability to a 25-basis-point hike. The Bank of Japan (BoJ) will announce its decision on Friday, September 18 after a two-day meeting; all 52 BoJ watchers surveyed by Bloomberg expect a rate hike at the meeting.
Ekonomik Takvim | 14-20 September 2026
🇺🇸 16 September 2026, 21.00 (TSİ)
Fed FOMC Interest Rate Decision
The decision following the two-day meeting will be announced at 21.00 (TSİ), with Fed Chair Kevin Warsh's press conference to follow at 21.30 (TSİ).
🇬🇧 17 September 2026, 14.00 (TSİ)
Bank of England (BoE) Interest Rate Decision
The decision, to be announced at 12.00 UK time (14.00 TSİ), is expected to keep the rate steady at 3.75%; market pricing points to roughly a one-in-three probability of a 25-basis-point hike.
🇯🇵 18 September 2026 (TSİ afternoon)
Bank of Japan (BoJ) Interest Rate Decision
In the decision to be announced after the two-day meeting, all 52 BoJ watchers surveyed by Bloomberg expect a rate hike.
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