{"id":43678,"date":"2026-03-31T02:02:18","date_gmt":"2026-03-31T02:02:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/new-york-fed-baskani-john-williams-isgucu-piyasasindan-gelen-karisik-sinyallerin-ortasinda-politikanin-olagandisi-kosullara-hazir-oldugunu-reutersa-soyledi\/"},"modified":"2026-03-31T02:02:18","modified_gmt":"2026-03-31T02:02:18","slug":"new-york-fed-baskani-john-williams-isgucu-piyasasindan-gelen-karisik-sinyallerin-ortasinda-politikanin-olagandisi-kosullara-hazir-oldugunu-reutersa-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/new-york-fed-baskani-john-williams-isgucu-piyasasindan-gelen-karisik-sinyallerin-ortasinda-politikanin-olagandisi-kosullara-hazir-oldugunu-reutersa-soyledi\/","title":{"rendered":"New York Fed Ba\u015fkan\u0131 John Williams, i\u015fg\u00fcc\u00fc piyasas\u0131ndan gelen kar\u0131\u015f\u0131k sinyallerin ortas\u0131nda, politikan\u0131n ola\u011fand\u0131\u015f\u0131 ko\u015fullara haz\u0131r oldu\u011funu Reuters\u2019a s\u00f6yledi"},"content":{"rendered":"John Williams, New York Fed (ABD Merkez Bankas\u0131\u2019n\u0131n New York \u015fubesi) Ba\u015fkan\u0131, para politikas\u0131n\u0131n ola\u011fan d\u0131\u015f\u0131 ko\u015fullara yan\u0131t verecek \u015fekilde iyi konumland\u0131\u011f\u0131n\u0131 s\u00f6yledi. ABD i\u015f g\u00fcc\u00fc piyasas\u0131n\u0131n \u00e7eli\u015fkili sinyaller verdi\u011fini belirtti.\n\nEkonomiye ili\u015fkin temel g\u00f6r\u00fcn\u00fcm\u00fcn, belirsizlik y\u00fcksek olsa da iyi oldu\u011funu ifade etti. Ekonominin beklenenden daha dayan\u0131kl\u0131 kald\u0131\u011f\u0131n\u0131 ve de\u011fi\u015fimlere ra\u011fmen bu dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 korudu\u011funu s\u00f6yledi.\n\n<h3>Ola\u011fan D\u0131\u015f\u0131 Ko\u015fullarda Politika G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\nG\u00fcmr\u00fck tarifeleri (ithalata ek vergi) ve \u0130ran\u2019daki sava\u015f\u0131n, yak\u0131n vadede man\u015fet enflasyonu (toplam enflasyon; enerji ve g\u0131da dahil) yukar\u0131 itmesinin beklendi\u011fini s\u00f6yledi. Bir sava\u015f\u0131n hem enflasyonu y\u00fckseltip hem b\u00fcy\u00fcmeyi zay\u0131flatabilece\u011fini, enflasyonun izleyece\u011fi yola ili\u015fkin belirsizli\u011fin y\u00fcksek oldu\u011funu belirtti.\n\nTarifelerden kaynakl\u0131 ikinci tur enflasyon etkisi (ilk fiyat art\u0131\u015flar\u0131n\u0131n \u00fccretlere ve di\u011fer fiyatlara yay\u0131l\u0131p kal\u0131c\u0131la\u015fmas\u0131) i\u015fareti g\u00f6rmediklerini s\u00f6yledi. Enflasyon beklentilerinin (hanehalk\u0131 ve piyasalar\u0131n gelecek enflasyon tahmini) %2 hedefiyle uyumlu kald\u0131\u011f\u0131n\u0131 ifade etti.\n\nEnflasyonun bu y\u0131l\u0131 %2,75\u2019te bitirmesini ve 2027\u2019de yeniden %2\u2019ye d\u00f6nmesini bekledi\u011fini s\u00f6yledi. Bu y\u0131l ABD GSYH b\u00fcy\u00fcmesinin (ekonominin toplam \u00fcretimi) %2,5 olaca\u011f\u0131n\u0131 ve bunun \u00e7e\u015fitli unsurlarla desteklenece\u011fini \u00f6ng\u00f6rd\u00fc.\n\n\u0130\u015fsizlik oran\u0131n\u0131n bu y\u0131l ve gelecek y\u0131l s\u0131n\u0131rl\u0131 gerilemesini bekledi\u011fini s\u00f6yledi. Ayr\u0131ca d\u00fc\u015f\u00fck i\u015fe al\u0131m h\u0131z\u0131n\u0131n (\u015firketlerin yeni personel alma iste\u011finin zay\u0131f kalmas\u0131) ekonomiye dair karamsarl\u0131\u011fa katk\u0131da bulunabilece\u011fini belirtti.\n\n<h3>\u0130\u015flem Riski ve Dalgalanma Pozisyonlamas\u0131<\/h3>\nEnflasyonun izleyece\u011fi yola dair belirsizlik s\u00fcrerken, yat\u0131r\u0131mc\u0131lar dalgalanma almay\u0131 (piyasa oynakl\u0131\u011f\u0131n\u0131n artmas\u0131na y\u00f6nelik pozisyon) d\u00fc\u015f\u00fcnebilir. CBOE Volatilite Endeksi (VIX: S&#038;P 500 opsiyonlar\u0131ndan t\u00fcretilen \u201ckorku endeksi\u201d, piyasan\u0131n beklenen oynakl\u0131\u011f\u0131n\u0131 g\u00f6sterir) 17 civar\u0131nda y\u00fcksek say\u0131labilecek bir seviyede kal\u0131yor; bu da piyasalar\u0131n olas\u0131 sert hareketleri fiyatlad\u0131\u011f\u0131na i\u015faret ediyor. VIX al\u0131m opsiyonlar\u0131 (call: belirli fiyattan alma hakk\u0131) veya b\u00fcy\u00fck endekslerde straddle (ayn\u0131 kullan\u0131m fiyat\u0131nda al\u0131m + sat\u0131m opsiyonu alarak b\u00fcy\u00fck hareketten yararlanma) kullan\u0131m\u0131, Fed\u2019den beklenmedik \u201c\u015fahin\u201d (faiz art\u0131\u015f\u0131\/uzun s\u00fcre y\u00fcksek faiz yanl\u0131s\u0131) mesajlara kar\u015f\u0131 korunma sa\u011flayabilir.\n\nFed\u2019in politikas\u0131 esnekli\u011fe elveri\u015fli g\u00f6r\u00fcn\u00fcyor; bu, faizleri sabit tutabilecekleri veya gerekti\u011finde ad\u0131m atabilecekleri anlam\u0131na gelir. Yat\u0131r\u0131mc\u0131lar, bir sonraki faiz ad\u0131m\u0131n\u0131n zaman\u0131 ve y\u00f6n\u00fc i\u00e7in SOFR vadeli i\u015flemlerindeki opsiyonlara bakabilir. SOFR (ABD\u2019de gecelik teminatl\u0131 bor\u00e7lanma faizi; politika faizine duyarl\u0131 bir g\u00f6sterge) vadeli i\u015flemleri, piyasan\u0131n faiz beklentilerini yans\u0131t\u0131r. Mevcut fiyatlama, piyasan\u0131n bir sonraki ad\u0131m\u0131n faiz indirimi mi yoksa y\u0131l\u0131n ilerleyen d\u00f6neminde olas\u0131 bir art\u0131\u015f m\u0131 olaca\u011f\u0131 konusunda net olmad\u0131\u011f\u0131na i\u015faret ediyor.\n\n\u0130\u015f g\u00fcc\u00fc piyasas\u0131 \u00e7eli\u015fkili sinyaller vermeye devam ediyor. Son tar\u0131m d\u0131\u015f\u0131 istihdam (nonfarm payrolls: tar\u0131m hari\u00e7 ayl\u0131k istihdam art\u0131\u015f\u0131) verisi 250 bin art\u0131\u015fla g\u00fc\u00e7l\u00fc g\u00f6r\u00fcn\u00fcrken, \u00fccret art\u0131\u015f\u0131n\u0131n (kazan\u00e7lar\u0131n y\u0131ll\u0131k\/ayl\u0131k y\u00fckseli\u015f h\u0131z\u0131) sonunda yava\u015flamaya ba\u015flamas\u0131 dikkat \u00e7ekiyor. Bu \u00e7eki\u015fme, Fed\u2019in veriye ba\u011fl\u0131 (data-dependent: kararlar\u0131 anl\u0131k verilere g\u00f6re \u015fekillendiren) kalmas\u0131na neden oluyor ve faize duyarl\u0131 varl\u0131klar i\u00e7in belirsizli\u011fi art\u0131r\u0131yor.\n\nMan\u015fet enflasyon, 2025\u2019teki tarifelerin tetikledi\u011fi tedarik zinciri bozulmalar\u0131n\u0131n (\u00fcretim ve lojistikte aksama nedeniyle maliyet art\u0131\u015f\u0131) etkisini h\u00e2l\u00e2 ta\u015f\u0131yor. Emtialar (ham madde; petrol, metaller vb.) \u00fczerinde t\u00fcrev \u00fcr\u00fcnlerle (de\u011ferini ba\u015fka bir varl\u0131ktan alan s\u00f6zle\u015fmeler) i\u015flem yapmak, jeopolitik gerilimin h\u0131zla yeniden y\u00fckselebilmesi nedeniyle \u00f6nemini koruyor. Enerji sekt\u00f6r\u00fc ETF\u2019lerindeki opsiyonlar (ETF: borsada i\u015flem g\u00f6ren fon; opsiyon: belirli fiyattan al\u0131m\/sat\u0131m hakk\u0131), yeniden g\u00fc\u00e7lenebilecek enflasyon bask\u0131lar\u0131na do\u011frudan pozisyon almak i\u00e7in kullan\u0131labilir.\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>Piyasalar\u0131n g\u00f6z\u00fc Fed\u2019de: New York Fed Ba\u015fkan\u0131 Williams, politikan\u0131n ola\u011fan d\u0131\u015f\u0131 \u015foklara haz\u0131r oldu\u011funu, tarife ve \u0130ran riskinin enflasyonu yukar\u0131 \u00e7ekebilece\u011fini s\u00f6yledi. \u0130\u015fg\u00fcc\u00fc piyasas\u0131 karma\u015f\u0131k; VIX\/opsiyonlarla korunma \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-43678","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\/43678","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=43678"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43678\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}