{"id":29813,"date":"2026-03-07T02:00:55","date_gmt":"2026-03-07T02:00:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ocak-ayinda-abd-tuketici-kredileri-805-milyar-dolar-artti-12-milyar-dolarlik-beklentinin-altinda-kaldi-verilere-gore\/"},"modified":"2026-03-07T02:00:55","modified_gmt":"2026-03-07T02:00:55","slug":"ocak-ayinda-abd-tuketici-kredileri-805-milyar-dolar-artti-12-milyar-dolarlik-beklentinin-altinda-kaldi-verilere-gore","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ocak-ayinda-abd-tuketici-kredileri-805-milyar-dolar-artti-12-milyar-dolarlik-beklentinin-altinda-kaldi-verilere-gore\/","title":{"rendered":"Ocak ay\u0131nda ABD t\u00fcketici kredileri 8,05 milyar dolar artt\u0131; 12 milyar dolarl\u0131k beklentinin alt\u0131nda kald\u0131 (verilere g\u00f6re)"},"content":{"rendered":"ABD\u2019de t\u00fcketici kredisi Ocak\u2019ta 8,05 milyar dolar artt\u0131. Piyasa beklentisi 12 milyar dolard\u0131. Art\u0131\u015f, tahminden 3,95 milyar dolar daha d\u00fc\u015f\u00fck kald\u0131.\n\nVeri, hane halk\u0131n\u0131n toplam bor\u00e7lanmas\u0131nda ay i\u00e7inde daha yava\u015f b\u00fcy\u00fcmeye i\u015faret ediyor. Bu a\u00e7\u0131klama, t\u00fcketici kredisini kapsar. T\u00fcketici kredisi genelde ikiye ayr\u0131l\u0131r: kredi kart\u0131 gibi \u201cd\u00f6nen kredi\u201d (kredi limiti i\u00e7inde s\u00fcrekli kullan\u0131l\u0131p geri \u00f6denebilen bor\u00e7) ve ta\u015f\u0131t ile \u00f6\u011frenci kredileri gibi \u201cd\u00f6nmeyen kredi\u201d (taksitli, vadesi ve \u00f6deme plan\u0131 belli kredi).\n\n

T\u00fcketicide Geri \u00c7ekilme Sinyalleri<\/h3>\nOcak ay\u0131ndaki t\u00fcketici kredisi verisinin beklentiyi kar\u015f\u0131lamamas\u0131, 2025\u2019teki g\u00fc\u00e7l\u00fc seyrin ard\u0131ndan t\u00fcketicinin harcamada ve bor\u00e7lanmada frene bast\u0131\u011f\u0131na i\u015faret ediyor. Bu tablo, son \u015eubat istihdam raporuyla da desteklendi: i\u015fsizlik oran\u0131 %4,1\u2019e y\u00fckseldi ve \u00fccret art\u0131\u015flar\u0131 zay\u0131flad\u0131. Bu durum, piyasalar\u0131n dayand\u0131\u011f\u0131 \u201cyumu\u015fak ini\u015f\u201d (ekonominin resesyona girmeden yava\u015flamas\u0131) senaryosunu zorlayabilir.\n\nBu so\u011fuma e\u011filimi, ABD Merkez Bankas\u0131\u2019n\u0131 (Fed) zor bir konuma itiyor ve faiz indirimi ihtimalini \u00f6ne \u00e7ekiyor. Piyasada \u201cHaziran toplant\u0131s\u0131nda faiz indirimi\u201d olas\u0131l\u0131\u011f\u0131 %50\u2019nin \u00fczerine \u00e7\u0131km\u0131\u015f durumda; bu oran bir ay \u00f6nce yakla\u015f\u0131k %20\u2019ydi. Bu, Fed\u2019in daha \u201cg\u00fcvercin\u201d (faiz indirimine daha yak\u0131n, daha destekleyici) bir \u00e7izgiye kayabilece\u011fi beklentisini art\u0131r\u0131yor.\n\nBelirsizlik artt\u0131k\u00e7a piyasa oynakl\u0131\u011f\u0131n\u0131n y\u00fckselmesi beklenebilir. VIX (piyasadaki beklenen dalgalanmay\u0131 g\u00f6steren \u201ckorku endeksi\u201d) son haftalarda 10\u2019lu seviyelerden 18\u2019in \u00fczerine \u00e7\u0131kt\u0131. May\u0131s vadeli VIX al\u0131m opsiyonlar\u0131 (prim \u00f6deyerek belirli tarihe kadar belirli fiyattan alma hakk\u0131) almak, olas\u0131 bir oynakl\u0131k s\u0131\u00e7ramas\u0131na kar\u015f\u0131 korunma veya y\u00fckseli\u015ften faydalanma y\u00f6ntemi olabilir. Bu yakla\u015f\u0131m, ani piyasa d\u00fc\u015f\u00fc\u015flerine kar\u015f\u0131 koruma ama\u00e7l\u0131 maliyeti g\u00f6rece d\u00fc\u015f\u00fck bir \u201chedge\u201d (riskten korunma) olarak kullan\u0131labilir.\n\nT\u00fcketici \u00fczerindeki bask\u0131 nedeniyle, t\u00fcketici odakl\u0131 hisselerde zay\u0131fl\u0131k g\u00f6r\u00fclebilir. T\u00fcketici iste\u011fe ba\u011fl\u0131 harcamalar ETF\u2019si XLY\u2019de sat\u0131m opsiyonu (belirli tarihe kadar belirli fiyattan satma hakk\u0131) almak, bu zay\u0131fl\u0131\u011fa do\u011frudan pozisyon alma yoludur. 2023\u2019te benzer yava\u015flamalarda, kredi ko\u015fullar\u0131 s\u0131k\u0131la\u015ft\u0131\u011f\u0131nda bu sekt\u00f6r\u00fcn genelde genel piyasadan daha k\u00f6t\u00fc performans g\u00f6sterdi\u011fi g\u00f6r\u00fcld\u00fc.\n\n

Faizler ve Tahvil F\u0131rsatlar\u0131<\/h3>\nBuna kar\u015f\u0131l\u0131k, faiz indirimi olas\u0131l\u0131\u011f\u0131 artt\u0131k\u00e7a devlet tahvilleri daha cazip hale gelebilir. ABD 10 y\u0131ll\u0131k Hazine tahvili faizi %3,8\u2019in alt\u0131na geriledi. Faizler d\u00fc\u015ferse tahvil fiyatlar\u0131 genelde y\u00fckselir. Bu nedenle, TLT gibi uzun vadeli Hazine tahvili ETF\u2019lerinde al\u0131m opsiyonu d\u00fc\u015f\u00fcnmek, faizlerin daha da d\u00fc\u015fmesi (yani tahvil fiyatlar\u0131n\u0131n y\u00fckselmesi) senaryosundan faydalanma imk\u00e2n\u0131 sunabilir.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

S\u00fcrpriz zay\u0131fl\u0131k: ABD t\u00fcketici kredisi Ocak\u2019ta 8,05 milyar $ artt\u0131, beklenti 12 milyar $. T\u00fcketici frene bas\u0131yor; \u201cyumu\u015fak ini\u015f\u201d riske girerken Fed\u2019de Haziran indirimi, VIX ve tahviller \u00f6ne \u00e7\u0131k\u0131yor.<\/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-29813","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\/29813","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=29813"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}