{"id":29805,"date":"2026-03-06T23:58:33","date_gmt":"2026-03-06T23:58:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/boston-fed-baskani-collins-faiz-indirimleri-icin-enflasyonda-daha-net-bir-yavaslama-gerektigini-ve-para-politikasinda-acil-bir-degisime-ihtiyac-olmadigini-soyledi\/"},"modified":"2026-03-06T23:58:33","modified_gmt":"2026-03-06T23:58:33","slug":"boston-fed-baskani-collins-faiz-indirimleri-icin-enflasyonda-daha-net-bir-yavaslama-gerektigini-ve-para-politikasinda-acil-bir-degisime-ihtiyac-olmadigini-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/boston-fed-baskani-collins-faiz-indirimleri-icin-enflasyonda-daha-net-bir-yavaslama-gerektigini-ve-para-politikasinda-acil-bir-degisime-ihtiyac-olmadigini-soyledi\/","title":{"rendered":"Boston Fed Ba\u015fkan\u0131 Collins, faiz indirimleri i\u00e7in enflasyonda daha net bir yava\u015flama gerekti\u011fini ve para politikas\u0131nda acil bir de\u011fi\u015fime ihtiya\u00e7 olmad\u0131\u011f\u0131n\u0131 s\u00f6yledi"},"content":{"rendered":"Boston Fed (Boston Merkez Bankas\u0131) Ba\u015fkan\u0131 Susan Collins, Fed\u2019in (ABD Merkez Bankas\u0131) faizleri yeniden indirebilmesi i\u00e7in enflasyonun (fiyat art\u0131\u015f\u0131n\u0131n) belirgin bi\u00e7imde yava\u015flad\u0131\u011f\u0131na dair net kan\u0131t g\u00f6rmesi gerekti\u011fini s\u00f6yledi. Cuma g\u00fcn\u00fc Massachusetts eyaletindeki Springfield\u2019da konu\u015fan Collins, mevcut politika duru\u015funu de\u011fi\u015ftirmek i\u00e7in acil bir ihtiya\u00e7 olmad\u0131\u011f\u0131n\u0131 belirtti.\n\nCollins, Fed\u2019in politika faizi hedef aral\u0131\u011f\u0131n\u0131n bir s\u00fcre sabit kalmas\u0131n\u0131 bekliyor; \u015fu an\u0131n sab\u0131rl\u0131 ve \u00f6l\u00e7\u00fcl\u00fc hareket etme zaman\u0131 oldu\u011funu s\u00f6yledi. Mevcut politikan\u0131n yerinde oldu\u011funu, ekonomik g\u00f6r\u00fcn\u00fcm\u00fcn b\u00fcy\u00fck \u00f6l\u00e7\u00fcde olumlu seyretti\u011fini ve finansal ko\u015fullar\u0131n b\u00fcy\u00fcmeyi destekledi\u011fini ifade etti.\n\n<h3>Politikada Sab\u0131r ve Enflasyon \u0130\u00e7in Kan\u0131t<\/h3>\nCollins, i\u015fg\u00fcc\u00fc piyasas\u0131n\u0131n (istihdam\u0131n genel durumu) g\u00f6rece istikrarl\u0131 g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc, i\u015fe al\u0131mlar\u0131n artabilece\u011fini ancak muhtemelen s\u0131n\u0131rl\u0131 kalaca\u011f\u0131n\u0131 s\u00f6yledi. G\u00fc\u00e7l\u00fc b\u00fcy\u00fcme bekledi\u011fini, enflasyonun da bu y\u0131l\u0131n ilerleyen d\u00f6neminde gerilemesinin \u00f6ng\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc belirtti.\n\nEnflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn belirsiz oldu\u011funu ve yukar\u0131 y\u00f6nl\u00fc riskler i\u00e7erdi\u011fini s\u00f6yleyen Collins, enflasyonun %2 hedefine do\u011fru yava\u015f bir h\u0131zla inmesinin beklendi\u011fini ekledi. Ayr\u0131ca g\u00fcmr\u00fck tarifeleriyle (ithal \u00fcr\u00fcnlere uygulanan ek vergi) ilgili son geli\u015fmelerin enflasyon bask\u0131s\u0131n\u0131 art\u0131rabilece\u011fini, g\u00f6r\u00fcn\u00fcmde kayda de\u011fer bir belirsizlik bulundu\u011funu ifade etti.\n\n\u00d6n\u00fcm\u00fczdeki haftalarda mesaj, faiz indirimlerini beklememek gerekti\u011fi y\u00f6n\u00fcnde. Bu g\u00f6r\u00fc\u015f, \u015eubat 2026 T\u00dcFE (T\u00fcketici Fiyat Endeksi; t\u00fcketici fiyatlar\u0131n\u0131n \u00f6l\u00e7\u00fcm\u00fc) verisiyle g\u00fc\u00e7lendi: \u00e7ekirdek enflasyon (enerji ve g\u0131da gibi dalgal\u0131 kalemler hari\u00e7 enflasyon) y\u0131ll\u0131k %3,1\u2019de inat\u00e7\u0131 \u015fekilde kald\u0131. Enflasyonun belirgin bi\u00e7imde zay\u0131flad\u0131\u011f\u0131na dair net kan\u0131t g\u00f6r\u00fclene kadar politikan\u0131n bir s\u00fcre sabit kalmas\u0131 olas\u0131.\n\nMevcut para politikas\u0131n\u0131 (merkez bankas\u0131n\u0131n faiz ve likidite kararlar\u0131) de\u011fi\u015ftirmek i\u00e7in acil bir ihtiya\u00e7 yok. \u0130\u015fg\u00fcc\u00fc piyasas\u0131 g\u00f6rece istikrarl\u0131: \u015eubat 2026\u2019da 190 bin yeni istihdam yarat\u0131l\u0131rken i\u015fsizlik oran\u0131 %3,8\u2019de kald\u0131. Bu tablo, politika yap\u0131c\u0131lara faizde sab\u0131rl\u0131 ve \u00f6l\u00e7\u00fcl\u00fc davranma esnekli\u011fi veriyor.\n\n<h3>Fed\u2019in Faizi Sabit Tutmas\u0131yla Piyasa Konumlanmas\u0131<\/h3>\nEnflasyon g\u00f6r\u00fcn\u00fcm\u00fc, \u00f6zellikle yukar\u0131 y\u00f6nl\u00fc riskler nedeniyle belirsizli\u011fini koruyor. \u015eubat sonlar\u0131nda g\u00fcndeme gelen ithal \u00fcr\u00fcn tarifelerinin g\u00f6zden ge\u00e7irilmesine ili\u015fkin tart\u0131\u015fmalar, enflasyon bask\u0131s\u0131n\u0131 art\u0131rabilir. Bu durum, opsiyon fiyatlamas\u0131n\u0131n (belirli bir tarihe kadar belirli fiyattan alma\/satma hakk\u0131 veren kontratlar\u0131n fiyat\u0131) \u00f6zellikle faizlere duyarl\u0131 ara\u00e7larda bu y\u00fcksek belirsizli\u011fi tam yans\u0131tmayabilece\u011fine i\u015faret ediyor.\n\nBu \u00e7er\u00e7evede, yak\u0131n vadede faiz indirimi beklentisine dayal\u0131 pozisyonlar\u0131n zarar riski ta\u015f\u0131d\u0131\u011f\u0131 de\u011ferlendirilebilir. Faizin sabit veya daha y\u00fcksek kald\u0131\u011f\u0131 ortamdan faydalanan stratejiler \u00f6ne \u00e7\u0131kabilir; \u00f6rne\u011fin Haziran 2026 SOFR vadeli i\u015flemlerinde (SOFR futures; ABD\u2019de gecelik teminatl\u0131 bor\u00e7lanma faizine dayal\u0131 vadeli kontrat) \u201cparan\u0131n d\u0131\u015f\u0131nda\u201d al\u0131m opsiyonu satmak. \u201cParan\u0131n d\u0131\u015f\u0131nda\u201d (out-of-the-money), opsiyonun mevcut fiyata g\u00f6re hemen k\u00e2ra ge\u00e7medi\u011fi; al\u0131m opsiyonunda kullan\u0131m fiyat\u0131n\u0131n piyasa fiyat\u0131n\u0131n \u00fczerinde oldu\u011fu durumu anlat\u0131r. Mevcut politika, ekonomik g\u00f6r\u00fcn\u00fcmle uyumlu g\u00f6r\u00fcl\u00fcyor.\n\nMerkez bankas\u0131 bekle-g\u00f6r konumundayken, piyasalar\u0131 desteklemek i\u00e7in devreye girme e\u015fi\u011fi (m\u00fcdahale etme iste\u011fi) ge\u00e7mi\u015fe g\u00f6re daha y\u00fcksek. Bu da riskten korunma (hedging; olas\u0131 zarar\u0131 s\u0131n\u0131rlamak i\u00e7in ters y\u00f6nl\u00fc pozisyon alma) ama\u00e7l\u0131 stratejileri \u00f6ne \u00e7\u0131karabilir; \u00f6rne\u011fin b\u00fcy\u00fck hisse endekslerinde sat\u0131m opsiyonu (put; belirli fiyattan satma hakk\u0131) almak. Finansal ko\u015fullar b\u00fcy\u00fcmeyi destekliyor, ancak bu sab\u0131r yakla\u015f\u0131m\u0131 piyasalar i\u00e7in \u201cg\u00fcvenlik yast\u0131\u011f\u0131n\u0131\u201d zay\u0131flat\u0131yor.\n\nGe\u00e7mi\u015ften \u00e7\u0131kar\u0131lacak dersler var. 2025\u2019e bak\u0131ld\u0131\u011f\u0131nda, Fed fon vadeli i\u015flemleri (Fed funds futures; Fed\u2019in politika faizine ili\u015fkin beklentileri yans\u0131tan kontratlar) piyasan\u0131n s\u00fcrekli birka\u00e7 faiz indirimi fiyatlad\u0131\u011f\u0131, ancak enflasyon beklenenden yava\u015f geriledi\u011fi i\u00e7in bu indirimlerin ger\u00e7ekle\u015fmedi\u011fi g\u00f6r\u00fcld\u00fc. Bu ge\u00e7mi\u015f, sab\u0131rl\u0131 bir merkez bankas\u0131na kar\u015f\u0131 pozisyon al\u0131rken temkinli olunmas\u0131 gerekti\u011fini g\u00f6steriyor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Faiz indirimi hayali suya m\u0131 d\u00fc\u015f\u00fcyor? Boston Fed Ba\u015fkan\u0131 Collins, enflasyon belirgin yava\u015flamadan indirime kap\u0131 yok dedi. Politika sabit kalabilir; tarifeler risk, \u00e7ekirdek %3,1 inat\u00e7\u0131. Piyasada temkin \u015fart.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-29805","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=29805"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29805\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}