{"id":30852,"date":"2026-03-20T21:02:10","date_gmt":"2026-03-20T21:02:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/fed-yetkilisi-waller-enflasyon-endiselerinin-istihdam-verilerinden-daha-agir-bastigini-belirterek-faiz-artisina-gerek-gormedigini-soyledi\/"},"modified":"2026-03-20T21:02:10","modified_gmt":"2026-03-20T21:02:10","slug":"fed-yetkilisi-waller-enflasyon-endiselerinin-istihdam-verilerinden-daha-agir-bastigini-belirterek-faiz-artisina-gerek-gormedigini-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/fed-yetkilisi-waller-enflasyon-endiselerinin-istihdam-verilerinden-daha-agir-bastigini-belirterek-faiz-artisina-gerek-gormedigini-soyledi\/","title":{"rendered":"Fed yetkilisi Waller, enflasyon endi\u015felerinin istihdam verilerinden daha a\u011f\u0131r bast\u0131\u011f\u0131n\u0131 belirterek faiz art\u0131\u015f\u0131na gerek g\u00f6rmedi\u011fini s\u00f6yledi"},"content":{"rendered":"Christopher Waller, yaln\u0131zca istihdam raporuna bakarak karara kar\u015f\u0131 oy verebilece\u011fini s\u00f6ylemi\u015fti; ancak o tarihten sonra enflasyon daha b\u00fcy\u00fck bir endi\u015fe haline geldi. Waller, art\u0131k i\u015fg\u00fcc\u00fcndeki art\u0131\u015f\u0131n (\u00e7al\u0131\u015fabilecek ve \u00e7al\u0131\u015fmak isteyen ki\u015fi say\u0131s\u0131ndaki b\u00fcy\u00fcme) s\u0131f\u0131ra yak\u0131n olmas\u0131n\u0131 bekledi\u011fini s\u00f6yledi.\n\nWaller, i\u015fg\u00fcc\u00fcndeki art\u0131\u015f\u0131n s\u0131f\u0131ra yakla\u015fmas\u0131n\u0131n \u201cdenge\u201d istihdam art\u0131\u015f\u0131 seviyesini de\u011fi\u015ftirdi\u011fini belirtti. Buna g\u00f6re, istihdam art\u0131\u015f\u0131n\u0131n s\u0131f\u0131r olmas\u0131 bile i\u015fsizlik oran\u0131n\u0131 sabit tutabilir; bu durum \u201cnormal\u201d g\u00f6r\u00fcnmese de.\n\n<h3>Oil Prices And Core Inflation<\/h3>\nWaller, petrol fiyatlar\u0131 aylarca y\u00fcksek kal\u0131rsa bunun \u00e7ekirdek enflasyona yans\u0131yabilece\u011fini s\u00f6yledi. (\u00c7ekirdek enflasyon: enerji ve g\u0131da gibi oynak kalemler hari\u00e7 tutularak hesaplanan enflasyon.) Y\u00fcksek ve kal\u0131c\u0131 bir petrol \u015fokunun ge\u00e7ici olmayaca\u011f\u0131n\u0131, g\u00f6rmezden gelinemeyece\u011fini ve bu nedenle temkinli olunmas\u0131 gerekti\u011fini vurgulad\u0131.\n\nWaller, bu y\u0131l\u0131n ilerleyen d\u00f6neminde faiz indirimine karar vermeden \u00f6nce ko\u015fullar\u0131n nas\u0131l geli\u015fece\u011fini g\u00f6rmek istedi\u011fini s\u00f6yledi. Ayr\u0131ca faiz art\u0131\u015f\u0131n\u0131 g\u00fcndeme almay\u0131 gerektiren bir durum g\u00f6rmedi\u011fini ifade etti.\n\nWaller, yap\u0131sal enflasyonun (ekonomide \u201ckal\u0131c\u0131\u201d e\u011filimlerden kaynaklanan enflasyon) \u015fu anda %2\u2019ye yak\u0131n olabilece\u011fini, ancak tarifelerin (ithalata ek vergi) enflasyonu daha y\u00fcksek tuttu\u011funu s\u00f6yledi. Tarife etkisi y\u0131l\u0131n ikinci yar\u0131s\u0131na kadar ortadan kalkmazsa i\u015flerin zorla\u015faca\u011f\u0131n\u0131 belirtti; buna kar\u015f\u0131n piyasa fiyatlamas\u0131nda enflasyon beklentilerinin \u201c\u00e7\u0131pas\u0131n\u0131n koptu\u011funa\u201d (beklentilerin hedef seviyeden kal\u0131c\u0131 \u015fekilde uzakla\u015fmas\u0131na) dair bir i\u015faret g\u00f6rmedi\u011fini ekledi.\n\nWaller, daha y\u00fcksek benzin fiyatlar\u0131n\u0131n t\u00fcketici g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc bozabilece\u011fini, baz\u0131 \u015foklar\u0131n \u015firketleri istihdam\u0131 azaltmaya itebilece\u011fini s\u00f6yledi. Ayr\u0131ca bilan\u00e7o k\u00fc\u00e7\u00fcltmek (merkez bankas\u0131n\u0131n elindeki varl\u0131klar\u0131 azaltmas\u0131) i\u00e7in banka rezervlerini (bankalar\u0131n merkez bankas\u0131nda tuttu\u011fu parasal tampon) bilin\u00e7li \u015fekilde k\u0131t hale getirmenin gerekmedi\u011fini; rezerv talebi ve bilan\u00e7o k\u00fc\u00e7\u00fcltme \u00f6nerilerinin incelenip tart\u0131\u015f\u0131lmas\u0131 gerekti\u011fini belirtti.\n\n<h3>Implications For Markets And Traders<\/h3>\nG\u00f6r\u00fcnen o ki bundan sonras\u0131 \u201cbekle-g\u00f6r\u201d s\u00fcreci; \u00e7\u00fcnk\u00fc enflasyon yeniden ana endi\u015fe haline geldi. Faiz art\u0131\u015f\u0131 masada g\u00f6r\u00fcnmese de bu y\u0131l i\u00e7inde faiz indirimi ihtimali zay\u0131fl\u0131yor. B\u00fcy\u00fck bir politika ad\u0131m\u0131 i\u00e7in verilerin nas\u0131l \u015fekillenece\u011fini izlemek gerekiyor.\n\nT\u00fcrev \u00fcr\u00fcn (de\u011ferini ba\u015fka bir varl\u0131ktan alan s\u00f6zle\u015fmeler) i\u015flemi yapanlar i\u00e7in bu ortam, k\u0131sa vadede band i\u00e7inde seyir (fiyatlar\u0131n belirli aral\u0131kta kalmas\u0131) beklentisini \u00f6ne \u00e7\u0131kar\u0131yor; ancak oynakl\u0131k (volatilite: fiyatlar\u0131n h\u0131zl\u0131 ve sert dalgalanmas\u0131) riski g\u00f6z ard\u0131 edilmemeli. S&#038;P 500 gibi endekslerde k\u0131sa vadeli opsiyon sat\u0131\u015f\u0131 (opsiyon: belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) Fed\u2019in bir s\u00fcre yerinde saymas\u0131 halinde d\u00fc\u015f\u00fcn\u00fclebilir. Buna kar\u015f\u0131l\u0131k, olas\u0131 bir \u015foka kar\u015f\u0131 daha uzun vadeli oynakl\u0131k almak mant\u0131kl\u0131 olabilir; \u00f6rne\u011fin VIX al\u0131m opsiyonlar\u0131 (VIX: piyasadaki beklenen oynakl\u0131k g\u00f6stergesi) ya da uzun vadeli straddle (ayn\u0131 vadede al\u0131m ve sat\u0131m opsiyonunu birlikte alma stratejisi).\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\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>Fed\u2019in Waller\u2019\u0131ndan kritik uyar\u0131: Enflasyon yeniden ana risk, i\u015fg\u00fcc\u00fc art\u0131\u015f\u0131 s\u0131f\u0131ra yak\u0131n. Petrol \u015foku \u00e7ekirde\u011fi yukar\u0131 itebilir; faiz indirimi \u00f6teleniyor. Piyasada \u201cbekle-g\u00f6r\u201d, volatilite riski s\u00fcr\u00fcyor.<\/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-30852","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\/30852","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=30852"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30852\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}