{"id":31098,"date":"2026-03-25T05:02:11","date_gmt":"2026-03-25T05:02:11","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/barr-ortadogu-riskleri-surerken-enflasyon-hedefin-uzerinde-kalmaya-devam-ediyor-faizler-bir-sure-degismeyebilir\/"},"modified":"2026-03-25T05:02:11","modified_gmt":"2026-03-25T05:02:11","slug":"barr-ortadogu-riskleri-surerken-enflasyon-hedefin-uzerinde-kalmaya-devam-ediyor-faizler-bir-sure-degismeyebilir","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/barr-ortadogu-riskleri-surerken-enflasyon-hedefin-uzerinde-kalmaya-devam-ediyor-faizler-bir-sure-degismeyebilir\/","title":{"rendered":"Barr: Ortado\u011fu riskleri s\u00fcrerken enflasyon hedefin \u00fczerinde kalmaya devam ediyor; faizler bir s\u00fcre de\u011fi\u015fmeyebilir"},"content":{"rendered":"Fed Guvern\u00f6r\u00fc Michael Barr, faiz indirimlerine devam etmeden \u00f6nce faizlerin bir s\u00fcre sabit kalmas\u0131 gerekebilece\u011fini s\u00f6yledi. Enflasyonun h\u00e2l\u00e2 Fed\u2019in %2 hedefinin \u00fczerinde oldu\u011funu belirtti.\n\nBarr, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmaya ba\u011fl\u0131 risklere dikkat \u00e7ekerek sava\u015f\u0131n petrol fiyatlar\u0131n\u0131 y\u00fcksek tuttu\u011funu ve riskleri art\u0131rd\u0131\u011f\u0131n\u0131 ifade etti. \u0130\u015fg\u00fcc\u00fc piyasas\u0131n\u0131n (istihdam ve i\u015fsizlik g\u00f6r\u00fcn\u00fcm\u00fc) ise dengeleniyor gibi g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc s\u00f6yledi.\n\n<h3>Gelecekteki Faiz \u0130ndirimleri \u0130\u00e7in \u015eartlar<\/h3>\nBarr, istihdam piyasas\u0131 istikrarl\u0131 kal\u0131rsa, faiz indirimi i\u00e7in enflasyonun kal\u0131c\u0131 bi\u00e7imde d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6steren kan\u0131tlar gerekti\u011fini s\u00f6yledi. Enflasyon hedefin \u00fczerinde kald\u0131k\u00e7a para politikas\u0131n\u0131n (merkez bankas\u0131n\u0131n faiz ve likidite kararlar\u0131) beklemede tutulabilece\u011fini ekledi.\n\nPiyasalarda, ABD Dolar Endeksi (DXY \u2014 dolar\u0131n ba\u015fl\u0131ca para birimleri kar\u015f\u0131s\u0131ndaki g\u00fcc\u00fcn\u00fc g\u00f6steren endeks) yaz\u0131n\u0131n haz\u0131rland\u0131\u011f\u0131 s\u0131rada 99,25 civar\u0131ndayd\u0131 ve g\u00fcn i\u00e7inde %0,09 y\u00fckseldi.\n\n<h3>Piyasalar \u00dczerindeki \u0130\u015flem Etkileri<\/h3>\nBu d\u00fc\u015f\u00fck enflasyon e\u011filimi, i\u015fg\u00fcc\u00fc piyasas\u0131nda s\u0131n\u0131rl\u0131 bir zay\u0131flamayla birlikte g\u00f6r\u00fcld\u00fc. \u0130\u015fsizlik oran\u0131 %4,1\u2019e \u00e7\u0131kt\u0131; haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131 (i\u015fini kaybedenlerin yapt\u0131\u011f\u0131 ba\u015fvurular) son bir ayd\u0131r d\u00fczenli bi\u00e7imde 230 binin \u00fczerinde. Bu nedenle Fed fon vadeli fiyatlamalar\u0131 (piyasan\u0131n Fed faizine ili\u015fkin beklentisini yans\u0131tan s\u00f6zle\u015fmeler), May\u0131s 2026 toplant\u0131s\u0131nda 25 baz puanl\u0131k (bp \u2014 y\u00fczde puan\u0131n y\u00fczde biri; 25 bp = %0,25) faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 %90\u2019\u0131n \u00fczerine ta\u015f\u0131d\u0131.\n\nFaiz t\u00fcrevlerine (faize ba\u011fl\u0131 vadeli i\u015flem ve opsiyon s\u00f6zle\u015fmeleri) odaklanan yat\u0131r\u0131mc\u0131lar i\u00e7in bu, daha d\u00fc\u015f\u00fck faiz beklentisiyle pozisyon alma sinyali veriyor. SOFR vadeli i\u015flemlerinde (Secured Overnight Financing Rate \u2014 teminatl\u0131 gecelik dolar bor\u00e7lanma faizi; piyasadaki k\u0131sa vadeli faiz g\u00f6stergesi) al\u0131m opsiyonu (call \u2014 fiyat y\u00fckselirse kazand\u0131ran opsiyon) almak veya bo\u011fa al\u0131m spread\u2019i (bull call spread \u2014 iki farkl\u0131 kullan\u0131m fiyatl\u0131 call al\u0131p\/satarak maliyeti d\u00fc\u015f\u00fcren y\u00fckseli\u015f stratejisi) kurmak etkili olabilir. Bu pozisyonlar, piyasa merkez bankas\u0131n\u0131n daha \u201cg\u00fcvercin\u201d (faiz indirimine daha yak\u0131n) bir patika fiyatlamaya devam ettik\u00e7e kazan\u00e7 sa\u011flayabilir.\n\nHisse senedi piyasalar\u0131nda bu g\u00f6r\u00fcn\u00fcm fiyatlar\u0131 destekler. CBOE Volatilite Endeksi (VIX \u2014 piyasadaki beklenen dalgalanma g\u00f6stergesi) d\u00fc\u015f\u00fck kalsa da 14\u2019ten 17\u2019ye y\u00fckseldi. S&#038;P 500 gibi b\u00fcy\u00fck endekslerde al\u0131m opsiyonu almak, g\u00f6rece d\u00fc\u015f\u00fck maliyetle y\u00fckseli\u015f y\u00f6nl\u00fc getiriden yararlanma imk\u00e2n\u0131 verebilir. Piyasada soru \u201cne zaman indirecekler\u201d yerine \u201cne kadar indirecekler\u201de d\u00f6n\u00fcyor.\n\nBu durum, ABD dolar\u0131n\u0131n dinami\u011fini de de\u011fi\u015ftiriyor. Faiz indirimleri yakla\u015f\u0131rken dolar\u0131n getiri avantaj\u0131n\u0131n (di\u011fer para birimlerine g\u00f6re daha y\u00fcksek faiz sunmas\u0131) azalmas\u0131 beklenir. Yat\u0131r\u0131mc\u0131lar, d\u00f6viz opsiyonlar\u0131yla dolar zay\u0131fl\u0131\u011f\u0131na pozisyon alabilir; \u00f6rne\u011fin ABD Dolar Endeksi\u2019nde sat\u0131m opsiyonu (put \u2014 fiyat d\u00fc\u015ferse kazand\u0131ran opsiyon) veya EUR\/USD paritesinde al\u0131m opsiyonu kullanabilir.\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 \u201cbekle-g\u00f6r\u201d mesaj\u0131: Barr, enflasyon %2\u2019nin \u00fcst\u00fcnde kald\u0131k\u00e7a faizlerin bir s\u00fcre sabit tutulabilece\u011fini vurgulad\u0131. Orta Do\u011fu riski ve petrol fiyatlar\u0131 \u00f6ne \u00e7\u0131karken, 2026\u2019ya indirim beklentisi g\u00fc\u00e7leniyor.<\/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-31098","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\/31098","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=31098"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}