{"id":30103,"date":"2026-03-11T17:03:14","date_gmt":"2026-03-11T17:03:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-cekirdek-mevsimsel-duzeltilmis-tuketici-fiyat-endeksi-33351e-yukseldi-subatta-33279du\/"},"modified":"2026-03-11T17:03:14","modified_gmt":"2026-03-11T17:03:14","slug":"abd-cekirdek-mevsimsel-duzeltilmis-tuketici-fiyat-endeksi-33351e-yukseldi-subatta-33279du","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-cekirdek-mevsimsel-duzeltilmis-tuketici-fiyat-endeksi-33351e-yukseldi-subatta-33279du\/","title":{"rendered":"ABD \u00e7ekirdek mevsimsel d\u00fczeltilmi\u015f T\u00fcketici Fiyat Endeksi 333,51\u2019e y\u00fckseldi; \u015eubat\u2019ta 332,79\u2019du."},"content":{"rendered":"ABD \u00e7ekirdek T\u00fcketici Fiyat Endeksi (T\u00dcFE), mevsim etkilerinden ar\u0131nd\u0131r\u0131lm\u0131\u015f verilere g\u00f6re, \u015fubatta 333,51\u2019e y\u00fckseldi. Ocakta 332,79 seviyesindeydi.\n\nArt\u0131\u015f, ayl\u0131k bazda 0,72 endeks puan\u0131 oldu. Bu veri, g\u0131da ve enerji fiyatlar\u0131n\u0131 kapsam d\u0131\u015f\u0131 b\u0131rakan (yani daha de\u011fi\u015fken kalemleri \u00e7\u0131kartarak temel e\u011filimi \u00f6l\u00e7en) \u00e7ekirdek T\u00dcFE\u2019yi ifade ediyor.\n\n

Fed Politikas\u0131 A\u00e7\u0131s\u0131ndan Ne Anlama Geliyor<\/h3>\n\u015eubat \u00e7ekirdek T\u00dcFE verisi, enflasyonun (fiyat art\u0131\u015f h\u0131z\u0131n\u0131n) beklenenden yava\u015f gerilemedi\u011fini g\u00f6steriyor. Bu yukar\u0131 y\u00f6nl\u00fc s\u00fcrpriz, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizleri daha uzun s\u00fcre y\u00fcksek tutma olas\u0131l\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor. Bu nedenle, y\u0131l ortas\u0131 i\u00e7in beklenen olas\u0131 faiz indirimlerinin zamanlamas\u0131 yeniden de\u011ferlendirilecek.\n\nBu verinin, ge\u00e7en haftaki beklenenden g\u00fc\u00e7l\u00fc istihdam raporuyla (i\u015f g\u00fcc\u00fc piyasas\u0131 verisi) ve sa\u011flam \u00fccret art\u0131\u015f\u0131yla birlikte okunmas\u0131, ekonominin dayan\u0131kl\u0131 oldu\u011funa i\u015faret ediyor. Fed fon vadeli i\u015flemleri piyasas\u0131 (Fed\u2019in politika faizine dair beklentilerin fiyatland\u0131\u011f\u0131 vadeli i\u015flem s\u00f6zle\u015fmeleri) de buna g\u00f6re ayarlama yap\u0131yor; temmuzdan \u00f6nce faiz indirimi ihtimali gecelik i\u015flemlerde belirgin \u015fekilde geriledi. Bu tablo, 2025\u2019in b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde g\u00f6r\u00fclen ve Fed\u2019in y\u00f6n de\u011fi\u015ftirmesini (faiz art\u0131\u015f\u0131ndan indirime d\u00f6nmesini) geciktiren \u201cinat\u00e7\u0131 enflasyon\u201d d\u00f6nemini hat\u0131rlat\u0131yor.\n\nHisse senedi piyasalar\u0131 a\u00e7\u0131s\u0131ndan bu, faize duyarl\u0131 sekt\u00f6rlerde bask\u0131 anlam\u0131na geliyor. \u00d6zellikle teknoloji hisseleri ve hen\u00fcz k\u00e2r \u00fcretmeyen b\u00fcy\u00fcme \u015firketleri daha \u00e7ok etkilenebilir. Nasdaq 100 gibi endekslerde koruyucu \u201cput\u201d opsiyonu (endeks d\u00fc\u015ferse de\u011fer kazanan, portf\u00f6y\u00fc d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sigortalayan opsiyon) almak veya \u201cout-of-the-money\u201d (kullan\u0131m fiyat\u0131 mevcut seviyenin d\u0131\u015f\u0131nda oldu\u011fu i\u00e7in priminin daha ucuz oldu\u011fu) \u201ccall spread\u201d satmak (a\u015f\u0131r\u0131 y\u00fckseli\u015ften s\u0131n\u0131rl\u0131 kazan\u00e7 hedefleyen, yukar\u0131 hareketin s\u0131n\u0131rlanaca\u011f\u0131 beklentisiyle kurulan opsiyon stratejisi) d\u00fc\u015f\u00fcn\u00fclebilir. Ama\u00e7, piyasada yak\u0131n vadede faiz indirimi beklentisine dayal\u0131 rahatlaman\u0131n zay\u0131flamas\u0131na kar\u015f\u0131 riski azaltmakt\u0131r.\n\nFed\u2019in izleyece\u011fi patikaya dair belirsizli\u011fin artmas\u0131, piyasa oynakl\u0131\u011f\u0131n\u0131 (fiyat dalgalanmas\u0131n\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc) y\u00fckseltebilir. VIX endeksi (S&P 500 i\u00e7in beklenen oynakl\u0131\u011f\u0131 \u00f6l\u00e7en g\u00f6sterge) bu haberle %10\u2019un \u00fczerinde y\u00fckseldi. Yat\u0131r\u0131mc\u0131lar VIX \u201ccall\u201d opsiyonu (VIX y\u00fckselirse de\u011fer kazanan opsiyon) almay\u0131 veya \u201cstraddle\u201d gibi (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak b\u00fcy\u00fck fiyat hareketinden faydalanmay\u0131 hedefleyen) opsiyon stratejilerini de\u011ferlendirebilir.\n\n

Faiz ve D\u00f6viz Piyasalar\u0131nda Konumlanma<\/h3>\nFaiz piyasas\u0131nda, Fed\u2019in \u015fahin kalabilece\u011fi (enflasyonla m\u00fccadele i\u00e7in faizleri y\u00fcksek tutmaya meyilli olmas\u0131) ihtimaline g\u00f6re pozisyon almak daha mant\u0131kl\u0131 g\u00f6r\u00fcn\u00fcyor. Bunun bir yolu, SOFR vadeli i\u015flemlerinde (ABD\u2019de gecelik teminatl\u0131 bor\u00e7lanma faizine dayal\u0131 faiz vadeli kontratlar\u0131) y\u0131l sonuna kadar faizlerin y\u00fcksek kalmas\u0131ndan fayda sa\u011flayacak pozisyonlar almakt\u0131r. Buna ba\u011fl\u0131 olarak ABD dolar\u0131n\u0131n g\u00fc\u00e7lenmesi beklenebilir; dolar endeksi \u00fczerinde \u201ccall\u201d opsiyonlar\u0131 (endeks y\u00fckselirse de\u011fer kazanan opsiyon), faiz indirimine daha yak\u0131n olan merkez bankalar\u0131na sahip para birimlerine kar\u015f\u0131 de\u011ferlendirilebilecek bir i\u015flem olabilir.\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 enflasyon: ABD \u00e7ekirdek T\u00dcFE \u015fubatta 333,51\u2019e \u00e7\u0131kt\u0131 (ayl\u0131k +0,72). Fed\u2019in faizleri uzun s\u00fcre y\u00fcksek tutma ihtimali artt\u0131; temmuz \u00f6ncesi indirim zay\u0131flad\u0131, dolar ve VIX g\u00fc\u00e7lendi.<\/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-30103","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\/30103","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=30103"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}