{"id":30952,"date":"2026-03-23T18:02:06","date_gmt":"2026-03-23T18:02:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/chicago-fed-baskani-austan-goolsbee-artan-belirsizlik-ortaminda-faizlerin-2026nin-sonlarina-dogru-dusebilecegini-cnbcye-soyledi\/"},"modified":"2026-03-23T18:02:06","modified_gmt":"2026-03-23T18:02:06","slug":"chicago-fed-baskani-austan-goolsbee-artan-belirsizlik-ortaminda-faizlerin-2026nin-sonlarina-dogru-dusebilecegini-cnbcye-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/chicago-fed-baskani-austan-goolsbee-artan-belirsizlik-ortaminda-faizlerin-2026nin-sonlarina-dogru-dusebilecegini-cnbcye-soyledi\/","title":{"rendered":"Chicago Fed Ba\u015fkan\u0131 Austan Goolsbee, artan belirsizlik ortam\u0131nda faizlerin 2026\u2019n\u0131n sonlar\u0131na do\u011fru d\u00fc\u015febilece\u011fini CNBC\u2019ye s\u00f6yledi"},"content":{"rendered":"Austan Goolsbee, Chicago Fed Ba\u015fkan\u0131, Pazartesi CNBC\u2019ye yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, Fed\u2019in \u00e7ok kritik bir d\u00f6nemde oldu\u011funu ve risklerin y\u00fcksek oldu\u011funu s\u00f6yledi. Enflasyonun en iyi ihtimalle yerinde sayd\u0131\u011f\u0131n\u0131 belirten Goolsbee, yeni bir \u015fokun ortaya \u00e7\u0131kt\u0131\u011f\u0131n\u0131 ve Fed\u2019in enflasyonda gev\u015feme g\u00f6rmeyi bekledi\u011fini ifade etti.\n\n\u00d6n\u00fcm\u00fczdeki d\u00f6nemin Fed i\u00e7in zor olaca\u011f\u0131n\u0131 s\u00f6yleyen Goolsbee, faizlerin 2026 sonuna do\u011fru d\u00fc\u015febilece\u011fini ancak bunun yaln\u0131zca enflasyonda iyile\u015fme oldu\u011funa dair kan\u0131t g\u00f6r\u00fcl\u00fcrse m\u00fcmk\u00fcn olaca\u011f\u0131n\u0131 ekledi.\n\n<h3>Daha Uzun S\u00fcre Y\u00fcksek Faiz Senaryosunda Dolar G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nGoolsbee, benzin fiyatlar\u0131n\u0131n hanehalk\u0131 beklentilerini (vatanda\u015f\u0131n gelecekteki enflasyon ve ekonomi tahmini) g\u00fc\u00e7l\u00fc bi\u00e7imde etkileyebilece\u011fini, Fed\u2019in bunun kal\u0131c\u0131 bir etkiye d\u00f6n\u00fc\u015fmemesini umdu\u011funu s\u00f6yledi. \u0130\u015fsizlik oran\u0131n\u0131n \u00e7ok y\u00fckselmedi\u011fini belirten Goolsbee, istihdam art\u0131\u015f\u0131n\u0131n i\u015fg\u00fcc\u00fc piyasas\u0131nda at\u0131l kapasiteyi (ekonomide kullan\u0131lmayan i\u015fg\u00fcc\u00fc, yani \u015firketlerin bask\u0131 yaratmadan i\u015fe alabilece\u011fi alan) \u00f6l\u00e7mek i\u00e7in iyi bir g\u00f6sterge olmayabilece\u011fini kaydetti.\n\nEnflasyonun \u015fu anda ana risk gibi g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc belirten Goolsbee, \u00e7at\u0131\u015fman\u0131n gidi\u015fat\u0131n\u0131 kimsenin Fed\u2019e s\u00f6yleyemeyece\u011fini de ifade etti.\n\nBu a\u00e7\u0131klamalar\u0131n ard\u0131ndan ABD Dolar Endeksi (DXY: dolar\u0131n ba\u015fl\u0131ca para birimleri kar\u015f\u0131s\u0131ndaki de\u011ferini \u00f6l\u00e7en endeks) s\u0131n\u0131rl\u0131 sat\u0131\u015f bask\u0131s\u0131 alt\u0131nda kald\u0131 ve 99,50\u2019nin biraz alt\u0131na indi.\n\n<h3>Pozisyonlanma Ve Oynakl\u0131k Etkileri<\/h3>\n\u015eubat 2026 T\u00fcketici Fiyat Endeksi (T\u00dcFE\/CPI: t\u00fcketicinin sat\u0131n ald\u0131\u011f\u0131 \u00fcr\u00fcn ve hizmetlerin ortalama fiyat de\u011fi\u015fimi) raporu bu temkinli duru\u015fu destekliyor. Rapor, enflasyonun y\u0131ll\u0131k bazda %3,4\u2019e y\u00fckseldi\u011fini g\u00f6sterdi; bu, ge\u00e7en y\u0131l g\u00f6r\u00fclen yava\u015flama e\u011filiminin tersine d\u00f6nmesi anlam\u0131na geliyor. Fed politika faizi (Fed Funds Rate: ABD\u2019de bankalar aras\u0131 gecelik faiz i\u00e7in hedef aral\u0131k) %5,25-%5,50 band\u0131nda sabitken, bu \u201cinat\u00e7\u0131 enflasyon\u201d (d\u00fc\u015fmesi zor, kal\u0131c\u0131 enflasyon) temel risk olarak \u00f6ne \u00e7\u0131k\u0131yor. Bu nedenle faiz vadeli i\u015flemlerinde (faiz futures: gelecekteki faiz seviyesine y\u00f6nelik i\u015flem s\u00f6zle\u015fmeleri) pozisyonlanma, y\u0131l\u0131n geri kalan\u0131nda daha az faiz indirimi fiyatlanmas\u0131na, hatta hi\u00e7 indirimin fiyatlanmamas\u0131na g\u00f6re \u015fekillenmeli.\n\nBu ortam, endeksin 99,50 alt\u0131na sarkmas\u0131na ra\u011fmen, temelde daha g\u00fc\u00e7l\u00fc bir ABD dolar\u0131n\u0131 destekliyor. Faiz fark\u0131 (\u00fclkeler aras\u0131 faiz getirisi fark\u0131) dolar lehine olaca\u011f\u0131 i\u00e7in, bu s\u0131n\u0131rl\u0131 zay\u0131fl\u0131k olas\u0131 bir giri\u015f noktas\u0131 olarak g\u00f6r\u00fclebilir. 2022\u2019de Fed agresif bi\u00e7imde faiz art\u0131r\u0131rken dolar endeksinin 110\u2019un \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131 hat\u0131rland\u0131\u011f\u0131nda, bug\u00fcn de \u201cdaha uzun s\u00fcre y\u00fcksek faiz\u201d yakla\u015f\u0131m\u0131 (faizin uzun s\u00fcre y\u00fcksek tutulmas\u0131) dolarda yeni bir y\u00fckseli\u015f dalgas\u0131n\u0131 tetikleyebilir.\n\nDevam eden \u00e7at\u0131\u015fma ve y\u00fckselen akaryak\u0131t fiyatlar\u0131na yap\u0131lan vurgu, piyasaya ciddi belirsizlik ta\u015f\u0131yor. Bu da beklenen oynakl\u0131\u011f\u0131n (volatilite: fiyatlar\u0131n h\u0131zl\u0131 ve sert dalgalanmas\u0131) y\u00fckselmesine i\u015faret ediyor ve \u201ckorunma\u201d al\u0131m\u0131n\u0131 daha mant\u0131kl\u0131 hale getiriyor. VIX endeksi opsiyonlar\u0131 (VIX: ABD hisse piyasas\u0131 i\u00e7in beklenen oynakl\u0131k g\u00f6stergesi; opsiyon: belirli bir tarihe kadar belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) \u015fu anda 22 civar\u0131nda y\u00fcksek seyrederken, jeopolitik olaylar\u0131n yaratabilece\u011fi ani piyasa sars\u0131nt\u0131lar\u0131na kar\u015f\u0131 etkili bir koruma arac\u0131 olabilir.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/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\u2019de kritik viraj: Goolsbee, enflasyonun yerinde sayd\u0131\u011f\u0131n\u0131 ve yeni \u015fok riskini vurgulad\u0131. \u0130yile\u015fme kan\u0131t\u0131 olmadan indirim yok; 2026 sonu ihtimal. DXY 99,50 alt\u0131, volatilite y\u00fckseliyor.<\/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-30952","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\/30952","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=30952"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}