{"id":11076,"date":"2026-08-19T21:04:15","date_gmt":"2026-08-19T18:04:15","guid":{"rendered":"https:\/\/fxknews.com\/?p=11076"},"modified":"2026-08-19T21:04:19","modified_gmt":"2026-08-19T18:04:19","slug":"fed-tutanaklari-tam-metni","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=11076","title":{"rendered":"Fed Tutanaklar\u0131 Tam Metni"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Fed Tutanaklar\u0131 Tam Metni (T\u00fcrk\u00e7e \u00c7eviri) <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=11076\/#FEDERAL_ACIK_PIYASA_KOMITESI_TOPLANTI_TUTANAKLARI\" >FEDERAL A\u00c7IK P\u0130YASA KOM\u0130TES\u0130 TOPLANTI TUTANAKLARI<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=11076\/#28%E2%80%9329_Temmuz_2026\" >28\u201329 Temmuz 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fxknews.com\/?p=11076\/#Finansal_Piyasalardaki_Gelismeler_ve_Acik_Piyasa_Operasyonlari\" >Finansal Piyasalardaki Geli\u015fmeler ve A\u00e7\u0131k Piyasa Operasyonlar\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fxknews.com\/?p=11076\/#Ekonomik_Durumun_Personel_Tarafindan_Degerlendirilmesi\" >Ekonomik Durumun Personel Taraf\u0131ndan De\u011ferlendirilmesi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/fxknews.com\/?p=11076\/#Finansal_Durumun_Personel_Tarafindan_Degerlendirilmesi\" >Finansal Durumun Personel Taraf\u0131ndan De\u011ferlendirilmesi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/fxknews.com\/?p=11076\/#Personelin_Ekonomik_Gorunumu\" >Personelin Ekonomik G\u00f6r\u00fcn\u00fcm\u00fc<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/fxknews.com\/?p=11076\/#Katilimcilarin_Mevcut_Kosullar_ve_Ekonomik_Gorunume_Iliskin_Gorusleri\" >Kat\u0131l\u0131mc\u0131lar\u0131n Mevcut Ko\u015fullar ve Ekonomik G\u00f6r\u00fcn\u00fcme \u0130li\u015fkin G\u00f6r\u00fc\u015fleri<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/fxknews.com\/?p=11076\/#Para_Politikasi_Degerlendirmesi\" >Para Politikas\u0131 De\u011ferlendirmesi<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/fxknews.com\/?p=11076\/#Komite_Politika_Kararlari\" >Komite Politika Kararlar\u0131<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/fxknews.com\/?p=11076\/#Notasyon_Oylamasi\" >Notasyon Oylamas\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/fxknews.com\/?p=11076\/#Katilimcilar\" >Kat\u0131l\u0131mc\u0131lar<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FEDERAL_ACIK_PIYASA_KOMITESI_TOPLANTI_TUTANAKLARI\"><\/span>FEDERAL A\u00c7IK P\u0130YASA KOM\u0130TES\u0130 TOPLANTI TUTANAKLARI<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"28%E2%80%9329_Temmuz_2026\"><\/span>28\u201329 Temmuz 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Federal A\u00e7\u0131k Piyasa Komitesi ile Federal Rezerv Sistemi Y\u00f6netim Kurulu&#8217;nun ortak toplant\u0131s\u0131, 28 Temmuz 2026 Sal\u0131 g\u00fcn\u00fc saat 10.00&#8217;da Y\u00f6netim Kurulu ofislerinde ger\u00e7ekle\u015ftirildi ve 29 Temmuz 2026 \u00c7ar\u015famba g\u00fcn\u00fc saat 09.00&#8217;da devam etti.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Finansal_Piyasalardaki_Gelismeler_ve_Acik_Piyasa_Operasyonlari\"><\/span>Finansal Piyasalardaki Geli\u015fmeler ve A\u00e7\u0131k Piyasa Operasyonlar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u00f6netici, g\u00fc\u00e7l\u00fc ekonomik verilerin h\u00e2kim oldu\u011fu ortamda, toplant\u0131lar aras\u0131ndaki d\u00f6nemde ya\u015fanan geli\u015fmelerin Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fmadan etkilendi\u011fini belirtti. Orta Do\u011fu&#8217;daki gerilimin t\u0131rmanmas\u0131n\u0131n ard\u0131ndan petrol fiyatlar\u0131 d\u00f6nemi daha y\u00fcksek seviyelerde tamamlad\u0131. Varl\u0131k s\u0131n\u0131flar\u0131 genelinde enflasyon telafisi, petrol fiyatlar\u0131ndaki y\u00fckseli\u015fe kar\u015f\u0131 s\u0131n\u0131rl\u0131 tepki verdi; nominal faiz oranlar\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde daha y\u00fcksek politika faizi beklentileri nedeniyle y\u00fckseldi, hisse senetleri bir miktar geriledi ve dolar m\u00fctevaz\u0131 \u00f6l\u00e7\u00fcde de\u011fer kazand\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">K\u0131sa vadeli enflasyon telafisi, haziran ay\u0131ndaki FOMC toplant\u0131s\u0131n\u0131n ard\u0131ndan belirgin bi\u00e7imde geriledi ve petrol fiyatlar\u0131ndaki sert y\u00fckseli\u015fe ra\u011fmen sonras\u0131nda yaln\u0131zca marjinal \u00f6l\u00e7\u00fcde artt\u0131. Piyasa g\u00f6r\u00fc\u015fmeleri ve A\u00e7\u0131k Piyasa Masas\u0131&#8217;n\u0131n Piyasa Beklentileri Anketi&#8217;ne verilen yaz\u0131l\u0131 yan\u0131tlar, haziran FOMC toplant\u0131s\u0131n\u0131n ard\u0131ndan ya\u015fanan bu d\u00fc\u015f\u00fc\u015f\u00fcn k\u0131smen yat\u0131r\u0131mc\u0131lar\u0131n Komite&#8217;nin fiyat istikrar\u0131n\u0131 sa\u011flama konusundaki g\u00fc\u00e7l\u00fc kararl\u0131l\u0131\u011f\u0131na ili\u015fkin alg\u0131s\u0131ndan kaynakland\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Bu alg\u0131, haziran FOMC a\u00e7\u0131klamas\u0131na ve bas\u0131n toplant\u0131s\u0131na da yans\u0131d\u0131. Uzun vadeli enflasyon telafisi ise istikrarl\u0131 kald\u0131 ve Komite&#8217;nin uzun vadeli y\u00fczde 2 enflasyon hedefiyle uyumlu seyretti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nominal Hazine tahvil getirileri 25 ila 30 baz puan y\u00fckseldi. Bu y\u00fckseli\u015f, reel faiz oranlar\u0131ndaki benzer art\u0131\u015flardan kaynakland\u0131. Piyasa fiyatlamalar\u0131 ve g\u00f6r\u00fc\u015fmeler, yat\u0131r\u0131mc\u0131lar\u0131n temel senaryo olarak temmuz FOMC toplant\u0131s\u0131nda herhangi bir ad\u0131m beklemedi\u011fini, ancak federal fon oran\u0131 hedef aral\u0131\u011f\u0131nda art\u0131\u015f ihtimalini yakla\u015f\u0131k \u00fc\u00e7te bir olarak fiyatlad\u0131\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Daha uzun vadelerde piyasa, eyl\u00fcl toplant\u0131s\u0131na kadar 25 baz puanl\u0131k bir faiz art\u0131\u015f\u0131n\u0131 ve gelecek y\u0131l\u0131n ilk \u00e7eyre\u011finin sonuna kadar bir faiz art\u0131\u015f\u0131n\u0131 daha tamamen fiyatl\u0131yordu. Buna kar\u015f\u0131l\u0131k, A\u00e7\u0131k Piyasa Masas\u0131 anketine kat\u0131lanlar\u0131n medyan\u0131, bu y\u0131l veya gelecek y\u0131l politika faizinde de\u011fi\u015fiklik beklemiyor, ancak 2028&#8217;in ba\u015flar\u0131nda bir faiz indirimi bekliyordu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hisse senedi ve kredi piyasalar\u0131na ili\u015fkin de\u011ferlendirmede y\u00f6netici, S&amp;P 500&#8217;\u00fcn toplant\u0131lar aras\u0131ndaki d\u00f6nemde s\u0131n\u0131rl\u0131 \u00f6l\u00e7\u00fcde geriledi\u011fini belirtti. Y\u0131l\u0131n ba\u015f\u0131ndan bu yana yapay zek\u00e2 (AI) ba\u011flant\u0131l\u0131 altyap\u0131 sekt\u00f6r\u00fcndeki hisse fiyatlar\u0131 hem S&amp;P 500&#8217;den hem de hiper \u00f6l\u00e7ekleyici firmalardan daha iyi performans g\u00f6sterdi. Bununla birlikte, bu firmalardaki de\u011fer art\u0131\u015f\u0131 dahi toplant\u0131lar aras\u0131ndaki d\u00f6nemde duraksad\u0131. Hiper \u00f6l\u00e7ekleyici firmalar\u0131n kredi spreadleri, yat\u0131r\u0131m yap\u0131labilir seviyedeki tahvil ihra\u00e7\u00e7\u0131lar\u0131na k\u0131yasla daha da geni\u015fledi. \u00d6zel kredi sekt\u00f6r\u00fcnde son veriler, i\u015f geli\u015ftirme \u015firketlerine y\u00f6nelik itfa taleplerinin ikinci \u00e7eyrekte artmaya devam etti\u011fini do\u011frulad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Uluslararas\u0131 geli\u015fmelere de\u011finen y\u00f6netici, 2026 sonuna kadar piyasa taraf\u0131ndan ima edilen politika faizlerinin toplant\u0131lar aras\u0131ndaki d\u00f6nemde ABD&#8217;de geli\u015fmi\u015f yabanc\u0131 ekonomilere k\u0131yasla daha fazla y\u00fckseldi\u011fini belirtti. Ayn\u0131 zamanda, ABD&#8217;nin g\u00f6rece diren\u00e7li b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fc, \u00f6zellikle ABD hisse senetlerine olmak \u00fczere yerli varl\u0131klara y\u00f6nelik yabanc\u0131 sermaye giri\u015flerinin devam etmesini destekledi. Faiz fark\u0131n\u0131n geni\u015flemesi ve y\u00fcksek hisse senedi giri\u015fleriyle uyumlu olarak dolar de\u011fer kazanmaya devam etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u00f6netici, para piyasalar\u0131n\u0131n genel olarak istikrarl\u0131 kald\u0131\u011f\u0131n\u0131 belirtti. Repo faizleri d\u00f6nem ba\u015f\u0131nda yeniden k\u0131sa s\u00fcreli bir zay\u0131fl\u0131k g\u00f6stererek efektif federal fon oran\u0131n\u0131 (EFFR) ge\u00e7ici olarak 1 baz puan a\u015fa\u011f\u0131 \u00e7ekti. Repo faizleri h\u0131zla toparland\u0131, EFFR \u00f6nceki seviyesine d\u00f6nd\u00fc ve para piyasas\u0131 faizleri genel olarak d\u00f6nem sonunda net bazda fazla de\u011fi\u015fmedi ve rezerv bakiyelerine \u00f6denen faiz oran\u0131na yak\u0131n kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u00f6netici, sistemdeki rezerv seviyesinin bol rezerv arz\u0131yla uyumlu bir aral\u0131kta kalmaya devam etti\u011finin g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc belirtti. Rezerv y\u00f6netimi al\u0131mlar\u0131n\u0131n devam etmesiyle A\u00e7\u0131k Piyasa Masas\u0131&#8217;n\u0131n tahmini, rezervlerin \u00f6n\u00fcm\u00fczdeki aylarda bu aral\u0131kta kalaca\u011f\u0131 y\u00f6n\u00fcndeydi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Komite, oybirli\u011fiyle toplant\u0131lar aras\u0131ndaki d\u00f6nemde A\u00e7\u0131k Piyasa Masas\u0131 taraf\u0131ndan ger\u00e7ekle\u015ftirilen yurt i\u00e7i i\u015flemleri onaylad\u0131. Ayn\u0131 d\u00f6nemde Sistem hesab\u0131na y\u00f6nelik herhangi bir d\u00f6viz m\u00fcdahalesi ger\u00e7ekle\u015ftirilmedi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ekonomik_Durumun_Personel_Tarafindan_Degerlendirilmesi\"><\/span>Ekonomik Durumun Personel Taraf\u0131ndan De\u011ferlendirilmesi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Toplant\u0131 s\u0131ras\u0131nda mevcut olan bilgiler, enflasyonun y\u00fcksek kalmaya devam etti\u011fini g\u00f6sterdi. \u0130\u015f g\u00fcc\u00fc piyasas\u0131 ko\u015fullar\u0131 istikrarl\u0131 kal\u0131rken reel gayrisafi yurt i\u00e7i has\u0131la (GSYH) b\u00fcy\u00fcmeye devam etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ki\u015fisel t\u00fcketim harcamalar\u0131 (PCE) fiyat endeksinin 12 ayl\u0131k de\u011fi\u015fimiyle \u00f6l\u00e7\u00fclen toplam t\u00fcketici enflasyonu may\u0131s ay\u0131nda y\u00fczde 4,1 oldu. G\u0131da ve enerji fiyatlar\u0131ndaki de\u011fi\u015fimleri d\u0131\u015flayan \u00e7ekirdek PCE enflasyonu ise y\u00fczde 3,4 seviyesindeydi. Hem toplam hem de \u00e7ekirdek enflasyon bir y\u0131l \u00f6nceki seviyelerinin \u00fczerindeydi. Personel, bu geli\u015fmeyi ge\u00e7mi\u015f tarife art\u0131\u015flar\u0131n\u0131n etkileri, Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fmadan kaynaklanan daha y\u00fcksek enerji ve girdi maliyetleri ve yapay zek\u00e2 yat\u0131r\u0131mlar\u0131ndaki art\u0131\u015fla ba\u011flant\u0131l\u0131 g\u00fc\u00e7l\u00fc talep gibi fakt\u00f6rlere ba\u011flad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00c7ekirdek mal enflasyonu bir y\u0131l \u00f6ncesine k\u0131yasla y\u00fckseldi. Personel, bu art\u0131\u015f\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde tarifelerin etkileri ve yapay zek\u00e2 ba\u011flant\u0131l\u0131 fiyat bask\u0131lar\u0131ndan kaynakland\u0131\u011f\u0131n\u0131 de\u011ferlendirdi. \u00c7ekirdek hizmet enflasyonu ge\u00e7en y\u0131l boyunca bir miktar y\u00fckseldi. Konut hizmetleri fiyatlar\u0131ndaki yava\u015flama, konut d\u0131\u015f\u0131 \u00e7ekirdek hizmet fiyatlar\u0131ndaki h\u0131zlanmayla dengelendi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">T\u00fcketici ve \u00fcretici fiyat endekslerinden elde edilen verilere g\u00f6re personel, toplam PCE enflasyonunun haziran ay\u0131nda y\u00fczde 3,7&#8217;ye geriledi\u011fini tahmin etti. Bu gerilemeye t\u00fcketici enerji fiyatlar\u0131ndaki yava\u015flama \u00f6nc\u00fcl\u00fck etti. \u00c7ekirdek PCE enflasyonunun ise y\u00fczde 3,3&#8217;e geriledi\u011fi tahmin edildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0130\u015fsizlik oran\u0131 haziran ay\u0131nda y\u00fczde 4,2 oldu ve \u00f6nceki iki y\u0131l boyunca net bazda fazla de\u011fi\u015fmedi. Tar\u0131m d\u0131\u015f\u0131 istihdam art\u0131\u015f\u0131 haziran ay\u0131nda yava\u015flad\u0131. Bununla birlikte, y\u0131l\u0131n ilk yar\u0131s\u0131ndaki ortalama ayl\u0131k istihdam art\u0131\u015f\u0131, 2025 y\u0131l\u0131ndaki ortalama h\u0131z\u0131n belirgin bi\u00e7imde \u00fczerindeydi. Ortalama saatlik kazan\u00e7lar\u0131n 12 ayl\u0131k de\u011fi\u015fimi haziran ay\u0131nda y\u00fczde 3,5 oldu ve bir y\u0131l \u00f6ncesine g\u00f6re 0,4 puan daha d\u00fc\u015f\u00fckt\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mevcut g\u00f6stergeler, reel GSYH b\u00fcy\u00fcmesinin ikinci \u00e7eyrekte yava\u015flad\u0131\u011f\u0131na i\u015faret etti. Bununla birlikte, PCE ile \u00f6zel sabit yat\u0131r\u0131mlardan olu\u015fan ve \u00e7o\u011fu zaman reel GSYH&#8217;den daha iyi bir temel ekonomik momentum g\u00f6stergesi sa\u011flayan reel \u00f6zel yurt i\u00e7i nihai al\u0131mlar\u0131n ikinci \u00e7eyrekte h\u0131z kazand\u0131\u011f\u0131 ve GSYH&#8217;den daha h\u0131zl\u0131 artt\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">T\u00fcketici harcamalar\u0131 g\u00fc\u00e7lendi ve yapay zek\u00e2 yat\u0131r\u0131mlar\u0131ndaki art\u0131\u015f i\u015fletme yat\u0131r\u0131mlar\u0131n\u0131 desteklemeye devam etti. Reel ihracat ve ithalat ikinci \u00e7eyrekte g\u00fc\u00e7l\u00fc bir h\u0131zla artt\u0131; y\u00fcksek teknoloji ticaretindeki g\u00fc\u00e7 devam etti. ABD enerji ihracat\u0131, Orta Do\u011fu&#8217;daki petrol sevkiyatlar\u0131nda ya\u015fanan kesintiler nedeniyle y\u00fcksek seviyelerde kald\u0131. Genel olarak ithalat\u0131n ihracattan daha h\u0131zl\u0131 b\u00fcy\u00fcmesi nedeniyle net ihracat GSYH b\u00fcy\u00fcmesinden d\u00fc\u015f\u00fc\u015f y\u00f6n\u00fcnde katk\u0131 yapt\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yurt d\u0131\u015f\u0131nda b\u00fcy\u00fcme ikinci \u00e7eyrekte h\u0131z kazand\u0131. Yabanc\u0131 ekonomiler, Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fmadan kaynaklanan emtia fiyatlar\u0131ndaki oynakl\u0131k ve tedarik zinciri kesintileri kar\u015f\u0131s\u0131nda diren\u00e7 g\u00f6sterdi. \u0130\u015f g\u00fcc\u00fc piyasalar\u0131 genel olarak istikrarl\u0131 kal\u0131rken imalat faaliyeti g\u00fc\u00e7l\u00fc seyretti. Bu durum k\u0131smen yapay zek\u00e2 yat\u0131r\u0131mlar\u0131yla ba\u011flant\u0131l\u0131 y\u00fcksek teknoloji \u00fcr\u00fcnlerine y\u00f6nelik g\u00fc\u00e7l\u00fc k\u00fcresel talepten destek ald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bir\u00e7ok yabanc\u0131 ekonomide man\u015fet enflasyon hedeflenen seviyelerin \u00fczerinde kald\u0131. Bunun ba\u015fl\u0131ca nedeni Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fman\u0131n yol a\u00e7t\u0131\u011f\u0131 perakende enerji ve g\u0131da fiyatlar\u0131ndaki art\u0131\u015flard\u0131. Yabanc\u0131 merkez bankalar\u0131 \u00e7at\u0131\u015fman\u0131n ekonomileri \u00fczerindeki etkilerini de\u011ferlendirmeye devam ederken \u00e7o\u011fu, toplant\u0131lar aras\u0131ndaki d\u00f6nemde politika faizlerini sabit tuttu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Finansal_Durumun_Personel_Tarafindan_Degerlendirilmesi\"><\/span>Finansal Durumun Personel Taraf\u0131ndan De\u011ferlendirilmesi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Toplant\u0131lar aras\u0131ndaki d\u00f6nemde hem federal fon oran\u0131n\u0131n piyasa taraf\u0131ndan ima edilen beklenen seyri hem de nominal Hazine getirileri bir miktar y\u00fckseldi. Bu durum k\u0131smen, ekonomik g\u00f6r\u00fcn\u00fcm\u00fcn b\u00fcy\u00fck \u00f6l\u00e7\u00fcde de\u011fi\u015fmedi\u011fi ortamda FOMC ileti\u015fiminin beklenenden daha s\u0131k\u0131 olarak alg\u0131lanmas\u0131n\u0131 yans\u0131tt\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasa taraf\u0131ndan ima edilen politika faizi patikas\u0131 \u0131l\u0131ml\u0131 \u00f6l\u00e7\u00fcde yukar\u0131 kayarken k\u0131sa vadeli faiz oranlar\u0131na ili\u015fkin opsiyon piyasas\u0131n\u0131n ima etti\u011fi olas\u0131l\u0131k da\u011f\u0131l\u0131mlar\u0131 da y\u00fckseldi. Piyasa taraf\u0131ndan ima edilen faiz oynakl\u0131\u011f\u0131 \u00f6l\u00e7\u00fcmleri net bazda b\u00fcy\u00fck \u00f6l\u00e7\u00fcde de\u011fi\u015fmedi. Nominal Hazine getirileri, reel getirilerdeki art\u0131\u015flar\u0131n etkisiyle y\u00fckseldi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">K\u0131sa vadeli enflasyon telafisi, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde endeksleme gecikmeleri ve zaman\u0131n ge\u00e7i\u015fiyle ba\u011flant\u0131l\u0131 teknik fakt\u00f6rler nedeniyle belirgin bi\u00e7imde geriledi. Piyasa bazl\u0131 uzun vadeli enflasyon telafisi \u00f6l\u00e7\u00fcmleri ve anket bazl\u0131 enflasyon beklentileri iyi \u00e7\u0131palanm\u0131\u015f durumda kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Geni\u015f kapsaml\u0131 hisse senedi fiyat endeksleri net bazda hafif geriledi ancak h\u00e2l\u00e2 t\u00fcm zamanlar\u0131n en y\u00fcksek seviyelerine yak\u0131nd\u0131. G\u00fc\u00e7l\u00fc \u015firket k\u00e2r\u0131 b\u00fcy\u00fcmesi beklentileri ve yat\u0131r\u0131mc\u0131lar\u0131n risk i\u015ftah\u0131, ekonomik faaliyetin diren\u00e7li kalaca\u011f\u0131na ili\u015fkin beklentileri desteklemeye devam etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yak\u0131n vadeli hisse senedi oynakl\u0131\u011f\u0131n\u0131n ileriye d\u00f6n\u00fck bir g\u00f6stergesi olan VIX, net bazda \u0131l\u0131ml\u0131 \u00f6l\u00e7\u00fcde y\u00fckseldi ve tarihsel medyan\u0131n\u0131n biraz \u00fczerinde kald\u0131. \u015eirket tahvili spreadleri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde de\u011fi\u015fmedi ve yat\u0131r\u0131mc\u0131lar\u0131n sa\u011flam \u015firket kredisi g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin alg\u0131s\u0131 ile \u015firket menkul k\u0131ymetlerine y\u00f6nelik g\u00fc\u00e7l\u00fc talebin etkisiyle tarihsel standartlara g\u00f6re olduk\u00e7a d\u00fc\u015f\u00fck seviyelerde kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Geli\u015fmi\u015f yabanc\u0131 ekonomilerdeki devlet tahvili getirileri \u00e7o\u011funlukla ABD getirileriyle paralel \u015fekilde y\u00fckseldi. Buna kar\u015f\u0131l\u0131k enflasyon telafisi \u00f6l\u00e7\u00fcmleri kar\u0131\u015f\u0131k bir g\u00f6r\u00fcn\u00fcm sergiledi. Geni\u015f kapsaml\u0131 dolar endeksi m\u00fctevaz\u0131 \u00f6l\u00e7\u00fcde y\u00fckselirken dolar en fazla geli\u015fmi\u015f yabanc\u0131 ekonomi para birimleri kar\u015f\u0131s\u0131nda de\u011fer kazand\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">G\u00fcney Kore ve Tayvan hisse senedi endeksleri, yar\u0131 iletken \u015firketlerinin de\u011ferlemelerine ili\u015fkin endi\u015feler nedeniyle belirgin bi\u00e7imde geriledi. Di\u011fer b\u00f6lgelerdeki hisse senedi endeksleri ise genel olarak fazla de\u011fi\u015fmedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yurt i\u00e7i kredi piyasalar\u0131ndaki finansman ko\u015fullar\u0131 b\u00fcy\u00fck i\u015fletmeler ve belediyeler i\u00e7in genel olarak destekleyici kal\u0131rken bir\u00e7ok k\u00fc\u00e7\u00fck i\u015fletme ve hanehalk\u0131 i\u00e7in bir miktar s\u0131k\u0131 olmaya devam etti. Bor\u00e7lanma maliyetleri haziran FOMC toplant\u0131s\u0131ndan bu yana fazla de\u011fi\u015fmedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kredi, i\u015fletmelerin, hanehalklar\u0131n\u0131n ve belediyelerin \u00e7o\u011fu i\u00e7in genel olarak eri\u015filebilir olmaya devam etti. Banka kredileri geni\u015flemeyi s\u00fcrd\u00fcrd\u00fc ve \u015firket tahvili ile hisse senedi finansman\u0131 g\u00fc\u00e7l\u00fc seyretti. Bu durum k\u0131smen yapay zek\u00e2 ba\u011flant\u0131l\u0131 yat\u0131r\u0131mlar\u0131n finansman\u0131ndan kaynakland\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bununla birlikte, yat\u0131r\u0131mc\u0131lar\u0131n endi\u015feleri \u00f6zel kredi piyasas\u0131ndaki kredi arz\u0131n\u0131 etkilemeye devam etti ve k\u00fc\u00e7\u00fck i\u015fletmeler i\u00e7in kredi ko\u015fullar\u0131 bir miktar s\u0131k\u0131 kald\u0131. Hanehalklar\u0131 a\u00e7\u0131s\u0131ndan konut sat\u0131n alma ama\u00e7l\u0131 mortgage faaliyetleri d\u00fc\u015f\u00fck seviyelerde kalmaya devam etti. Mevcut kredi kart\u0131 sahipleri i\u00e7in krediye eri\u015fim s\u00fcrerken yeni ba\u015fvuru sahipleri i\u00e7in kredi ko\u015fullar\u0131 s\u0131k\u0131yd\u0131. Belediye tahvili ihrac\u0131 g\u00fc\u00e7l\u00fc kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bankalar\u0131n temmuz ay\u0131ndaki Banka Kredileri Uygulamalar\u0131 \u00dcst D\u00fczey Kredi Yetkilisi Anketi&#8217;ne verdikleri yan\u0131tlar, net bazda kredi standartlar\u0131n\u0131n \u00fcst \u00fcste d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte gev\u015fedi\u011fini ve kredi talebinin \u00fcst \u00fcste be\u015finci \u00e7eyrekte g\u00fc\u00e7lendi\u011fini g\u00f6sterdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banka kredi standartlar\u0131n\u0131n seviyesine ili\u015fkin \u00f6zel sorular, genel standartlar\u0131n tarihsel medyan\u0131n biraz alt\u0131nda oldu\u011funu ve temmuz 2025&#8217;e k\u0131yasla kredi t\u00fcrlerinin genelinde gev\u015fedi\u011fini g\u00f6sterdi. T\u00fcketici kredileri d\u0131\u015f\u0131nda kredi standartlar\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde pandemi \u00f6ncesi seviyelerine d\u00f6nd\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Standart seviyeleri, ticari ve sanayi kredileri d\u0131\u015f\u0131ndaki t\u00fcm kredi kategorilerinde 2005&#8217;ten bu yana g\u00f6r\u00fclen aral\u0131\u011f\u0131n daha s\u0131k\u0131 taraf\u0131nda kalmaya devam etti. Ticari ve sanayi kredilerinde ise standartlar genel olarak tarihsel medyanlar\u0131n alt\u0131nda, yani daha gev\u015fekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kredi performans\u0131 \u00e7o\u011fu piyasada g\u00fc\u00e7l\u00fc kald\u0131. Finansal olmayan \u015firket tahvillerinde son 12 ayl\u0131k temerr\u00fct oran\u0131 tarihsel da\u011f\u0131l\u0131m\u0131n alt \u00fc\u00e7te birlik b\u00f6l\u00fcm\u00fcne yak\u0131n kald\u0131. Kald\u0131ra\u00e7l\u0131 kredilerde temerr\u00fct oran\u0131 hafif\u00e7e geriledi ve \u00f6zel kredi piyasas\u0131ndaki temerr\u00fctler fazla de\u011fi\u015fmedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Orta ve b\u00fcy\u00fck \u00f6l\u00e7ekli i\u015fletmelere ve belediyelere verilen kredilerin performans\u0131 da g\u00fc\u00e7l\u00fc kal\u0131rken belediye tahvillerinin kredi performans\u0131 sa\u011flamd\u0131. Buna kar\u015f\u0131l\u0131k k\u00fc\u00e7\u00fck i\u015fletme kredileri ve ticari mortgage destekli menkul k\u0131ymetlerin kredi performans\u0131 bir miktar zay\u0131f kalmaya devam etti. Hanehalk\u0131 borcunun kredi performans\u0131na ili\u015fkin g\u00f6stergeler genel olarak g\u00fc\u00e7l\u00fcyd\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Personel, ABD finansal sisteminin istikrar\u0131na ili\u015fkin de\u011ferlendirmesini g\u00fcncelledi ve genel olarak finansal sistemdeki k\u0131r\u0131lganl\u0131klar\u0131n kayda de\u011fer olmaya devam etti\u011fi sonucuna vard\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Personel, varl\u0131k de\u011ferlemelerine ili\u015fkin bask\u0131lar\u0131n y\u00fcksek oldu\u011funu de\u011ferlendirdi. Hisse senedi de\u011ferlemeleri y\u0131l sonundan bu yana bir miktar \u0131l\u0131ml\u0131la\u015fmas\u0131na ra\u011fmen y\u00fcksek kalmaya devam etti. Bu durum yapay zek\u00e2ya y\u00f6nelik iyimserlik ve g\u00fc\u00e7l\u00fc \u015firket k\u00e2rlar\u0131 taraf\u0131ndan desteklendi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Uzun vadeli faiz oranlar\u0131n\u0131n seviyesine g\u00f6re d\u00fczeltilmi\u015f ileriye d\u00f6n\u00fck kazan\u00e7\/fiyat oran\u0131 olarak tan\u0131mlanan hisse senedi risk primi, yak\u0131n tarihte yaln\u0131zca dot-com balonu s\u0131ras\u0131nda daha d\u00fc\u015f\u00fck olmu\u015f bir seviyedeydi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finansal olmayan i\u015fletme ve hanehalk\u0131 borcuyla ba\u011flant\u0131l\u0131 k\u0131r\u0131lganl\u0131klar orta d\u00fczeyde de\u011ferlendirildi. Halka a\u00e7\u0131k yat\u0131r\u0131m yap\u0131labilir seviyedeki \u015firketlerin bor\u00e7lar\u0131n\u0131 \u00f6deme kapasitesi g\u00fc\u00e7l\u00fc kal\u0131rken, daha d\u00fc\u015f\u00fck kaliteli \u015firket bor\u00e7lular\u0131n\u0131n medyan faiz kar\u015f\u0131lama oranlar\u0131 tarihsel da\u011f\u0131l\u0131m\u0131n alt b\u00f6l\u00fcm\u00fcnde yer ald\u0131. Hanehalk\u0131 bilan\u00e7olar\u0131 g\u00fc\u00e7l\u00fc kalmaya devam etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finans sekt\u00f6r\u00fcndeki kald\u0131ra\u00e7la ba\u011flant\u0131l\u0131 k\u0131r\u0131lganl\u0131klar kayda de\u011fer olarak de\u011ferlendirildi. Hedge fonlar\u0131ndaki kald\u0131ra\u00e7, t\u00fcm stratejiler genelinde t\u00fcm zamanlar\u0131n en y\u00fcksek seviyelerine yak\u0131n kald\u0131 ve en b\u00fcy\u00fck fonlar i\u00e7inde yo\u011funla\u015ft\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buna ek olarak, hayat sigortas\u0131 \u015firketlerinin daha riskli ve daha az likit varl\u0131k s\u0131n\u0131flar\u0131na y\u00f6nelik maruziyetleri y\u00fcksek seviyelerdeydi. Bu durum, ticari kredi kalitesinde geni\u015f kapsaml\u0131 bir bozulma ya\u015fanmas\u0131 halinde baz\u0131 sigorta \u015firketlerini zararlara kar\u015f\u0131 savunmas\u0131z b\u0131rak\u0131yordu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buna kar\u015f\u0131l\u0131k, arac\u0131 kurumlar\u0131n kald\u0131ra\u00e7 oran\u0131 d\u00fc\u015f\u00fck kald\u0131 ve banka d\u00fczenleyici sermaye oranlar\u0131 Basel III sonras\u0131 y\u00fcksek aral\u0131kta bulunmaya devam etti. Bununla birlikte baz\u0131 banka varl\u0131klar\u0131n\u0131n ger\u00e7e\u011fe uygun de\u011feri defter de\u011ferinin olduk\u00e7a alt\u0131nda kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fonlama riskleriyle ba\u011flant\u0131l\u0131 k\u0131r\u0131lganl\u0131klar orta d\u00fczeyde de\u011ferlendirildi. K\u0131sa vadeli fonlama piyasalar\u0131ndaki genel geri \u00e7ekilebilir y\u00fck\u00fcml\u00fcl\u00fckler istikrarl\u0131 kal\u0131rken hedge fonlar\u0131n repo ve ana arac\u0131l\u0131k hizmetleri \u00fczerinden yapt\u0131klar\u0131 bor\u00e7lanmalar rekor seviyelere y\u00fckseldi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Personelin_Ekonomik_Gorunumu\"><\/span>Personelin Ekonomik G\u00f6r\u00fcn\u00fcm\u00fc<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Toplam enflasyonun y\u0131l\u0131n ikinci yar\u0131s\u0131nda gerilemesi bekleniyordu. Bunun nedeni perakende benzin fiyatlar\u0131n\u0131n d\u00fc\u015fmesinin ve \u00e7ekirdek enflasyonun \u0131l\u0131ml\u0131 \u00f6l\u00e7\u00fcde yava\u015flamas\u0131n\u0131n beklenmesiydi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enflasyonun gelecek y\u0131l, tarifelerin ve Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fman\u0131n etkilerinin azalmas\u0131yla birlikte gerilemesi ve 2028&#8217;de yakla\u015f\u0131k y\u00fczde 2 seviyesine ula\u015fmas\u0131 bekleniyordu. Personelin enflasyon tahmini, haziran toplant\u0131s\u0131 i\u00e7in haz\u0131rlanan tahminle benzerdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reel GSYH&#8217;nin gelecek y\u0131l potansiyel b\u00fcy\u00fcmenin bir miktar \u00fczerinde ger\u00e7ekle\u015fmesi bekleniyordu. Bu g\u00f6r\u00fcn\u00fcm finansal ko\u015fullar ve yapay zek\u00e2 ba\u011flant\u0131l\u0131 yat\u0131r\u0131mlar taraf\u0131ndan destekleniyordu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0130\u015fsizlik oran\u0131n\u0131n bu y\u0131l personelin uzun vadeli tahminine yak\u0131n kalmas\u0131, gelecek y\u0131l ise bir miktar gerilemesi ve 2028 sonunda uzun vadeli seviyenin biraz alt\u0131nda olmas\u0131 bekleniyordu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Personelin ekonomik faaliyet g\u00f6r\u00fcn\u00fcm\u00fc, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde gelen verilere tepki olarak haziran toplant\u0131s\u0131nda haz\u0131rlanan tahmine k\u0131yasla bir miktar daha zay\u0131ft\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Personel, jeopolitik geli\u015fmelerdeki belirsizlik ile yapay zek\u00e2 yat\u0131r\u0131m\u0131 ve kullan\u0131m\u0131n\u0131n potansiyel ekonomik etkileri nedeniyle tahminler etraf\u0131ndaki belirsizli\u011fin \u00f6nemli \u00f6l\u00e7\u00fcde y\u00fcksek olmaya devam etti\u011fini de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Genel olarak istihdam ve reel GSYH b\u00fcy\u00fcmesine ili\u015fkin risklerin a\u015fa\u011f\u0131 y\u00f6nl\u00fc oldu\u011fu g\u00f6r\u00fcld\u00fc. Enflasyon tahminine y\u00f6nelik risklerin ise yukar\u0131 y\u00f6nl\u00fc oldu\u011fu de\u011ferlendirildi. Enflasyonun personelin \u00f6ng\u00f6rd\u00fc\u011f\u00fcnden daha kal\u0131c\u0131 olma ihtimali bulunuyordu.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Katilimcilarin_Mevcut_Kosullar_ve_Ekonomik_Gorunume_Iliskin_Gorusleri\"><\/span>Kat\u0131l\u0131mc\u0131lar\u0131n Mevcut Ko\u015fullar ve Ekonomik G\u00f6r\u00fcn\u00fcme \u0130li\u015fkin G\u00f6r\u00fc\u015fleri<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar enflasyonun y\u00fcksek kalmaya devam etti\u011fini kabul etti. Mevcut verilere dayal\u0131 tahminlerin, 12 ayl\u0131k bazda toplam PCE enflasyonunun haziran ay\u0131nda b\u00fcy\u00fck \u00f6l\u00e7\u00fcde enerji fiyatlar\u0131ndaki sert d\u00fc\u015f\u00fc\u015f nedeniyle geriledi\u011fini ve \u00e7ekirdek enflasyonun da bir miktar d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi\u011fini belirttiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, ge\u00e7ti\u011fimiz y\u0131l boyunca fiyat art\u0131\u015flar\u0131n\u0131n \u00e7e\u015fitli mal ve hizmet kategorilerine yay\u0131larak geni\u015f tabanl\u0131 oldu\u011funu belirtti. Baz\u0131 kat\u0131l\u0131mc\u0131lar konut d\u0131\u015f\u0131 \u00e7ekirdek hizmetlerde fiyat art\u0131\u015flar\u0131n\u0131n y\u00fcksek kalmaya devam etti\u011fini ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, tarifelerden ve enerji fiyatlar\u0131ndan do\u011frudan etkilenen kalemler d\u0131\u015far\u0131da b\u0131rak\u0131ld\u0131\u011f\u0131nda dahi temel enflasyonun y\u00fcksek g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar veri merkezlerinde kullan\u0131lan \u00e7ip ve \u00e7elik gibi malzemelerde b\u00fcy\u00fck fiyat art\u0131\u015flar\u0131 ya\u015fand\u0131\u011f\u0131n\u0131, ak\u0131ll\u0131 telefonlar, bilgisayar ekipmanlar\u0131, yaz\u0131l\u0131m ve elektrik gibi t\u00fcketici kalemlerinin de fiyat bask\u0131lar\u0131na maruz kald\u0131\u011f\u0131n\u0131 g\u00f6zlemledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar, piyasa ve anket bazl\u0131 orta ve uzun vadeli enflasyon beklentilerinin Komite&#8217;nin y\u00fczde 2 hedefiyle uyumlu seviyelerde kald\u0131\u011f\u0131n\u0131 de\u011ferlendirdi. Baz\u0131 kat\u0131l\u0131mc\u0131lar, g\u00f6rece k\u0131sa vadeli enflasyon beklentilerinin anket bazl\u0131 \u00f6l\u00e7\u00fcmlerinin Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fma \u00f6ncesindeki seviyelerin \u00fczerinde oldu\u011funu belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar\u0131n \u00e7o\u011fu, tarifelerin ve \u00f6nceki enerji fiyat art\u0131\u015flar\u0131n\u0131n etkilerinin azalmas\u0131yla enflasyonun y\u0131l\u0131n geri kalan\u0131nda gerilemesini bekledi. Bununla birlikte, bir\u00e7ok kat\u0131l\u0131mc\u0131 enflasyonun daha kal\u0131c\u0131 \u015fekilde y\u00fcksek kalma ihtimaline dikkat \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, ge\u00e7mi\u015f tarife art\u0131\u015flar\u0131n\u0131n fiyatlara yans\u0131mas\u0131n\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde tamamland\u0131\u011f\u0131n\u0131 ve yak\u0131n zamanda a\u00e7\u0131klanan tarifelerin \u00f6l\u00e7\u00fclen enflasyon \u00fczerindeki etkilerinin muhtemelen s\u0131n\u0131rl\u0131 olaca\u011f\u0131n\u0131 de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, i\u015fletme ba\u011flant\u0131lar\u0131n\u0131n y\u00fcksek girdi maliyetlerini b\u00fcy\u00fck \u00f6l\u00e7\u00fcde k\u00e2r marjlar\u0131n\u0131 daraltarak kar\u015f\u0131lad\u0131\u011f\u0131n\u0131, ancak Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fman\u0131n devam etmesi veya yeni arz \u015foklar\u0131n\u0131n t\u00fcketicilere yans\u0131t\u0131lan fiyatlar\u0131 art\u0131rmaktan ka\u00e7\u0131nmalar\u0131n\u0131 zorla\u015ft\u0131rabilece\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 ba\u015fka kat\u0131l\u0131mc\u0131 ise baz\u0131 i\u015fletme ba\u011flant\u0131lar\u0131n\u0131n t\u00fcketicilerin daha fazla fiyat art\u0131\u015f\u0131na diren\u00e7 g\u00f6sterece\u011fini d\u00fc\u015f\u00fcnd\u00fc\u011f\u00fcn\u00fc ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 yat\u0131r\u0131mlar\u0131n\u0131n t\u00fcketici fiyatlar\u0131 \u00fczerindeki etkilerinin \u015fu ana kadar belirli kategorilerle s\u0131n\u0131rl\u0131 kald\u0131\u011f\u0131n\u0131 de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buna kar\u015f\u0131l\u0131k, di\u011fer baz\u0131 kat\u0131l\u0131mc\u0131lar yapay zek\u00e2 yat\u0131r\u0131mlar\u0131n\u0131n toplam talebi art\u0131rarak fiyatlar \u00fczerinde \u015fimdiden daha geni\u015f etkiler yaratt\u0131\u011f\u0131n\u0131 veya yak\u0131n zamanda yaratmas\u0131n\u0131n muhtemel oldu\u011funu d\u00fc\u015f\u00fcnd\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2daki geli\u015fmelerin esas olarak \u00e7e\u015fitli mal ve hizmetlerin g\u00f6reli fiyatlar\u0131nda de\u011fi\u015fime mi yol a\u00e7aca\u011f\u0131n\u0131 yoksa enflasyonu daha geni\u015f ve kal\u0131c\u0131 bi\u00e7imde mi etkileyece\u011fini anlamak i\u00e7in hen\u00fcz erken oldu\u011funu belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2n\u0131n benimsenmesiyle ba\u011flant\u0131l\u0131 verimlilik kazan\u0131mlar\u0131n\u0131n zamanla \u00fcretim maliyetlerini d\u00fc\u015f\u00fcrece\u011fini ve toplam arz\u0131 art\u0131raca\u011f\u0131n\u0131, bunun da enflasyon \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturmas\u0131 gerekti\u011fini belirtti. Ancak bu etkinin ortaya \u00e7\u0131kmas\u0131n\u0131n ne kadar s\u00fcrece\u011fi konusunda farkl\u0131 g\u00f6r\u00fc\u015fler vard\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn son derece belirsiz oldu\u011funu ve enflasyon risklerinin yukar\u0131 y\u00f6nl\u00fc oldu\u011funu de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bir\u00e7ok kat\u0131l\u0131mc\u0131, Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fman\u0131n yak\u0131n zamanda yeniden t\u0131rmanmas\u0131n\u0131n enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc \u00f6nemli \u00f6l\u00e7\u00fcde belirsizle\u015ftirdi\u011fini belirtti. Bu kat\u0131l\u0131mc\u0131lar, uzun s\u00fcren bir \u00e7at\u0131\u015fman\u0131n tedarik zinciri sorunlar\u0131n\u0131 uzatabilece\u011fini ve enflasyon \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturabilece\u011fini ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bir\u00e7ok kat\u0131l\u0131mc\u0131, birka\u00e7 y\u0131l boyunca y\u00fczde 2&#8217;nin \u00fczerinde seyreden enflasyonun devam eden y\u00fcksek enflasyon oranlar\u0131n\u0131n enflasyon beklentilerini ve \u00fccret-fiyat belirleme kararlar\u0131n\u0131 etkilemeye ba\u015flamas\u0131na yol a\u00e7abilece\u011fine dikkat \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, son y\u0131llarda art arda ya\u015fanan arz \u015foklar\u0131n\u0131n enflasyonun y\u00fczde 2&#8217;ye d\u00f6nmesinin beklenen zaman\u0131n\u0131 tekrar tekrar geciktirdi\u011fini ve bunun kal\u0131c\u0131 y\u00fcksek enflasyona ili\u015fkin endi\u015feleri art\u0131rd\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar i\u015f g\u00fcc\u00fc piyasas\u0131 ko\u015fullar\u0131n\u0131n istikrarl\u0131 oldu\u011funu ve i\u015f g\u00fcc\u00fc talebi ile arz\u0131n\u0131n dengede bulundu\u011funu de\u011ferlendirdi. \u0130\u015fsizlik oran\u0131n\u0131n ge\u00e7ti\u011fimiz y\u0131l boyunca \u00e7o\u011fu uzun vadeli tahminin yak\u0131n\u0131nda ve nispeten istikrarl\u0131 kald\u0131\u011f\u0131n\u0131 belirttiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar ayr\u0131ca bu y\u0131l istihdam art\u0131\u015flar\u0131n\u0131n g\u00fc\u00e7lendi\u011fini ve bunun son d\u00f6nemdeki i\u015f g\u00fcc\u00fc art\u0131\u015f\u0131yla kabaca uyumlu g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc belirtti. \u0130\u015ften \u00e7\u0131karmalar, i\u015fsizlik sigortas\u0131 ba\u015fvurular\u0131 ve i\u015fe al\u0131mlar gibi g\u00f6stergeler d\u00fc\u015f\u00fck ve istikrarl\u0131 kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, istihdam art\u0131\u015flar\u0131n\u0131n sa\u011fl\u0131k ve sosyal yard\u0131m sekt\u00f6rlerinin \u00f6tesine yay\u0131lmas\u0131, a\u00e7\u0131k i\u015f pozisyonlar\u0131nda ve ilgili g\u00f6stergelerdeki \u0131l\u0131ml\u0131 art\u0131\u015flar gibi e\u011filimlerin i\u015f g\u00fcc\u00fc piyasas\u0131n\u0131n bir miktar g\u00fc\u00e7lendi\u011fine i\u015faret etti\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 ba\u011flant\u0131l\u0131 geli\u015fmeler ile mevcut ve beklenen verimlilik kazan\u0131mlar\u0131na ili\u015fkin belirsizliklerin hem i\u015fe al\u0131mlar\u0131 hem de i\u015ften \u00e7\u0131karmalar\u0131 d\u00fc\u015f\u00fck tuttu\u011funu ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, devam eden yapay zek\u00e2 yat\u0131r\u0131mlar\u0131yla ba\u011flant\u0131l\u0131 sekt\u00f6rlerde nitelikli i\u015f g\u00fcc\u00fcne y\u00f6nelik g\u00fc\u00e7l\u00fc talep oldu\u011funu ve elektrik\u00e7iler, makine operat\u00f6rleri ve m\u00fchendisler gibi \u00e7al\u0131\u015fanlar\u0131n \u00fccretlerinde kayda de\u011fer art\u0131\u015flar ya\u015fand\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, d\u00fc\u015f\u00fck i\u015fe yerle\u015fme oran\u0131 ve s\u00fcrekli y\u00fcksek uzun vadeli i\u015fsizlik oran\u0131 da dahil olmak \u00fczere i\u015f g\u00fcc\u00fc piyasas\u0131nda devam eden baz\u0131 zay\u0131fl\u0131k i\u015faretlerine dikkat \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar genel nominal \u00fccret art\u0131\u015f\u0131n\u0131n \u0131l\u0131ml\u0131 oldu\u011funu ve enflasyonun y\u00fczde 2&#8217;ye do\u011fru ilerlemesiyle uyumlu bulundu\u011funu belirtti. Bununla birlikte birka\u00e7 kat\u0131l\u0131mc\u0131 gelecekte \u00fccret art\u0131\u015flar\u0131na ili\u015fkin yukar\u0131 y\u00f6nl\u00fc risklere dikkat \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar genel olarak i\u015f g\u00fcc\u00fc piyasas\u0131 ko\u015fullar\u0131n\u0131n yak\u0131n vadede istikrarl\u0131 kalmas\u0131n\u0131 ve i\u015fsizlik oran\u0131n\u0131n mevcut seviyelere yak\u0131n seyretmesini bekledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, i\u015f g\u00fcc\u00fc piyasas\u0131ndaki \u0131l\u0131ml\u0131 g\u00fc\u00e7lenme i\u015faretlerinin ekonomik g\u00f6r\u00fcn\u00fcm a\u00e7\u0131s\u0131ndan olumlu oldu\u011funu de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, yapay zek\u00e2 ba\u011flant\u0131l\u0131 geli\u015fmelerin \u015fimdiye kadar istihdam \u00fczerinde net etkisinin s\u0131n\u0131rl\u0131 g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc belirtti. Baz\u0131 \u00e7al\u0131\u015fanlar\u0131n i\u015flerini kaybetti\u011fini, di\u011ferlerinin ise yapay zek\u00e2 yat\u0131r\u0131mlar\u0131n\u0131n olu\u015fturdu\u011fu yeni i\u015flerden faydaland\u0131\u011f\u0131n\u0131 ifade ettiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2n\u0131n geni\u015f \u00e7apl\u0131 i\u015ften \u00e7\u0131karmalara yol a\u00e7aca\u011f\u0131 y\u00f6n\u00fcndeki korkular\u0131n bug\u00fcne kadar ger\u00e7ekle\u015fmedi\u011fini g\u00f6zlemledi. Kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 ba\u011flant\u0131l\u0131 geli\u015fmelerin i\u015f g\u00fcc\u00fc piyasas\u0131 \u00fczerindeki potansiyel etkisine ili\u015fkin \u00f6nemli bir belirsizlik bulundu\u011funu kabul etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar genel olarak ekonomik faaliyetin y\u00fcksek belirsizli\u011fe ra\u011fmen g\u00fc\u00e7l\u00fc bir h\u0131zla b\u00fcy\u00fcmeye devam etti\u011fini de\u011ferlendirdi. B\u00fcy\u00fcme, g\u00fc\u00e7l\u00fc i\u015fletme yat\u0131r\u0131mlar\u0131 ve diren\u00e7li t\u00fcketici harcamalar\u0131 taraf\u0131ndan desteklendi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar i\u015fletme yat\u0131r\u0131mlar\u0131ndaki g\u00fcc\u00fcn yapay zek\u00e2 ba\u011flant\u0131l\u0131 harcamalarda yo\u011funla\u015fmaya devam etti\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar finansal ko\u015fullar\u0131n talebi destekledi\u011fini, birka\u00e7 kat\u0131l\u0131mc\u0131 ise daha az k\u0131s\u0131tlay\u0131c\u0131 d\u00fczenlemeler gibi di\u011fer fakt\u00f6rlerin de i\u015fletme faaliyetlerini destekledi\u011fini ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar t\u00fcketici harcamalar\u0131n\u0131n son d\u00f6nemde g\u00fc\u00e7lendi\u011fini g\u00f6zlemledi. Baz\u0131 kat\u0131l\u0131mc\u0131lar hisse senedi piyasas\u0131ndaki kazan\u00e7lar\u0131n, \u00f6zellikle y\u00fcksek gelirli hanehalklar\u0131 aras\u0131nda t\u00fcketici harcamalar\u0131n\u0131 destekledi\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bununla birlikte baz\u0131 kat\u0131l\u0131mc\u0131lar, d\u00fc\u015f\u00fck ve orta gelirli hanehalklar\u0131n\u0131n artan bask\u0131 alt\u0131nda oldu\u011funu ve enflasyonun reel harcanabilir gelirlerini a\u015f\u0131nd\u0131rd\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar genel olarak yak\u0131n vadede reel GSYH b\u00fcy\u00fcmesinin g\u00fc\u00e7l\u00fc kalmas\u0131n\u0131 bekledi ve devam eden yapay zek\u00e2 yat\u0131r\u0131mlar\u0131 ile hanehalk\u0131 harcamalar\u0131 da dahil olmak \u00fczere b\u00fcy\u00fcmeyi desteklemesi muhtemel baz\u0131 fakt\u00f6rlere dikkat \u00e7ekti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar ekonominin bug\u00fcne kadar diren\u00e7 g\u00f6sterdi\u011fini kabul etmekle birlikte ekonomik g\u00f6r\u00fcn\u00fcme ili\u015fkin belirsizli\u011fin, k\u0131smen Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fma nedeniyle y\u00fcksek kalmaya devam etti\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 ba\u011flant\u0131l\u0131 yat\u0131r\u0131mlar\u0131n \u00f6n\u00fcm\u00fczdeki y\u0131llarda verimlilik ve potansiyel \u00fcretim b\u00fcy\u00fcmesini art\u0131rmas\u0131n\u0131n muhtemel oldu\u011funu ifade etti. Bununla birlikte, potansiyel verimlilik kazan\u0131mlar\u0131n\u0131n hem zamanlamas\u0131 hem de b\u00fcy\u00fckl\u00fc\u011f\u00fc konusunda \u00f6nemli belirsizlik bulundu\u011funu belirttiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir risk olarak yapay zek\u00e2 geli\u015fmelerinin beklentileri kar\u015f\u0131layamamas\u0131 ve bunun sonucunda hisse senetlerinde \u00f6nemli bir yeniden fiyatlaman\u0131n ya\u015fanarak t\u00fcketici harcamalar\u0131 \u00fczerinde olumsuz etkiler olu\u015fturmas\u0131 ihtimalini tart\u0131\u015ft\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finansal istikrar konusundaki g\u00f6r\u00fc\u015fmelerinde baz\u0131 kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 ba\u011flant\u0131l\u0131 altyap\u0131n\u0131n h\u0131zl\u0131 \u015fekilde geli\u015ftirilmesinin finansman\u0131yla ba\u011flant\u0131l\u0131 k\u0131r\u0131lganl\u0131klara odakland\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu kat\u0131l\u0131mc\u0131lar, yapay zek\u00e2 ba\u011flant\u0131l\u0131 \u015firketlerin y\u00fcksek hisse senedi de\u011ferlemelerinin sekt\u00f6r\u00fcn uzun vadeli kazan\u00e7 g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin olumlu de\u011ferlendirmeleri yans\u0131tt\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu de\u011ferlendirmelerde ya\u015fanabilecek b\u00fcy\u00fck a\u015fa\u011f\u0131 y\u00f6nl\u00fc revizyonlar\u0131n varl\u0131klarda geni\u015f kapsaml\u0131 bir yeniden fiyatlamaya yol a\u00e7abilece\u011fini, finansal ko\u015fullar\u0131 s\u0131k\u0131la\u015ft\u0131rabilece\u011fini ve sekt\u00f6re do\u011frudan veya dolayl\u0131 olarak maruz kalan finansal kurulu\u015flarda bask\u0131 olu\u015fturabilece\u011fini ifade ettiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, yapay zek\u00e2 sekt\u00f6r\u00fcndeki sermaye harcamalar\u0131n\u0131n kredi kullan\u0131m\u0131 yoluyla finanse edilme derecesindeki art\u0131\u015fa dikkat \u00e7ekti. Bu finansmanda banka d\u0131\u015f\u0131 yat\u0131r\u0131mc\u0131lar veya b\u00f6lgesel bankalar taraf\u0131ndan sa\u011flanan krediler de yer al\u0131yordu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6zel kredi sekt\u00f6r\u00fcne ili\u015fkin olarak birka\u00e7 kat\u0131l\u0131mc\u0131, faaliyetlerin son d\u00f6nemde yava\u015flad\u0131\u011f\u0131n\u0131 ve \u00f6zel kredi piyasas\u0131ndaki geli\u015fmelerin yak\u0131ndan izlenmesi gerekti\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131 \u015firketler sekt\u00f6r\u00fcndeki k\u0131r\u0131lganl\u0131klar\u0131 ele ald\u0131 ve \u015firketlerin geni\u015f \u00e7apl\u0131 finansal stres ya\u015famas\u0131 halinde \u015firket bor\u00e7lar\u0131n\u0131n sahiplerinin zorluklarla kar\u015f\u0131la\u015fabilece\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, bankalar\u0131n finansal sistemde bir dayan\u0131kl\u0131l\u0131k kayna\u011f\u0131 oldu\u011funu ve bu durumun devam edebilmesi i\u00e7in bankalar\u0131n g\u00fc\u00e7l\u00fc sermaye yap\u0131s\u0131na sahip olmas\u0131 gerekti\u011fini vurgulad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, ABD Hazine tahvili piyasas\u0131ndaki fiyat oynakl\u0131\u011f\u0131 d\u00f6nemlerinin finansal sistemi olumsuz etkileme yollar\u0131n\u0131 veya bu t\u00fcr olaylar\u0131n ger\u00e7ekle\u015fme ihtimalini azaltabilecek y\u00f6ntemleri tart\u0131\u015ft\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar h\u0131zla geli\u015fen yapay zek\u00e2 teknolojileriyle ba\u011flant\u0131l\u0131 siber g\u00fcvenlik risklerinin ele al\u0131nmas\u0131n\u0131n \u00f6nemini vurgulad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131, toplant\u0131lar aras\u0131ndaki d\u00f6nemde i\u015flemlerin sonu\u00e7land\u0131r\u0131lmas\u0131nda ya\u015fanan bir kesintiyi de\u011ferlendirdi ve Federal Rezerv&#8217;in bol rezerv rejiminin bu aksakl\u0131k kar\u015f\u0131s\u0131nda para piyasalar\u0131n\u0131n d\u00fczenli i\u015fleyi\u015fini korumaya yard\u0131mc\u0131 oldu\u011funu belirtti.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Para_Politikasi_Degerlendirmesi\"><\/span>Para Politikas\u0131 De\u011ferlendirmesi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar\u0131n \u00e7o\u011fu bu toplant\u0131da federal fon oran\u0131 i\u00e7in mevcut hedef aral\u0131\u011f\u0131n korunmas\u0131n\u0131 destekledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar genel olarak toplant\u0131lar aras\u0131ndaki d\u00f6nemde birikecek bilgilerin enflasyon g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin daha fazla netlik sa\u011flayabilece\u011fini ve buna ba\u011fl\u0131 olarak belirsizli\u011fi azaltabilece\u011fini d\u00fc\u015f\u00fcnd\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar genel olarak ekonomik faaliyetin g\u00fc\u00e7l\u00fc bir h\u0131zla b\u00fcy\u00fcmeye devam etti\u011fini ve i\u015f g\u00fcc\u00fc piyasas\u0131 ko\u015fullar\u0131n\u0131n istikrarl\u0131 g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar, enflasyonun Komite&#8217;nin y\u00fczde 2 hedefinin \u00fczerinde kalmaya devam etti\u011fini ve bunun k\u0131smen enerji de dahil olmak \u00fczere belirli sekt\u00f6rlerde arz \u015foklar\u0131n\u0131n neden oldu\u011fu fiyat art\u0131\u015flar\u0131n\u0131 yans\u0131tt\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131 bu toplant\u0131da federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n 25 baz puan art\u0131r\u0131lmas\u0131n\u0131 destekledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu kat\u0131l\u0131mc\u0131lar fiyat bask\u0131lar\u0131n\u0131n geni\u015f tabanl\u0131 g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc ve Komite&#8217;nin fiyat istikrar\u0131 ile maksimum istihdam hedeflerine s\u00fcrd\u00fcr\u00fclebilir \u015fekilde ula\u015fabilmesi i\u00e7in daha s\u0131k\u0131 bir politika duru\u015fu benimsemesi gerekti\u011fini de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Para politikas\u0131n\u0131n g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin olarak kat\u0131l\u0131mc\u0131lar, gelen bilgilerin yorumlanmas\u0131n\u0131n de\u011ferlendirmelerinde temel unsurlardan biri olmaya devam edece\u011fini yineledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bir\u00e7ok kat\u0131l\u0131mc\u0131, enflasyon gerilemedi\u011fi takdirde para politikas\u0131n\u0131n s\u0131k\u0131la\u015ft\u0131r\u0131lmas\u0131n\u0131n muhtemelen gerekli olaca\u011f\u0131n\u0131 de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Baz\u0131 kat\u0131l\u0131mc\u0131lar, finansal ko\u015fullar\u0131n enflasyonun y\u00fczde 2&#8217;ye d\u00f6nmesini sa\u011flayacak kadar s\u0131k\u0131 olmayabilece\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00c7e\u015fitli kat\u0131l\u0131mc\u0131lar finansal ko\u015fullar\u0131n toplant\u0131lar aras\u0131ndaki d\u00f6nemde s\u0131k\u0131la\u015ft\u0131\u011f\u0131n\u0131 ve bunun k\u0131smen g\u00fc\u00e7l\u00fc ekonomik b\u00fcy\u00fcmenin ve Komite&#8217;nin yak\u0131n zamanda daha s\u0131k\u0131 bir politika duru\u015fu benimseyece\u011fine y\u00f6nelik piyasa beklentilerinin yans\u0131mas\u0131 oldu\u011funu ifade etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Faiz oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n bu toplant\u0131da y\u00fckseltilmesini destekleyen baz\u0131 kat\u0131l\u0131mc\u0131lar, b\u00f6yle bir ad\u0131m\u0131n daha sonraki a\u015famada daha sert ve potansiyel olarak daha maliyetli bir s\u0131k\u0131la\u015ft\u0131rma dizisine duyulan ihtiyac\u0131 \u00f6nlemeye yard\u0131mc\u0131 olaca\u011f\u0131n\u0131 de\u011ferlendirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kat\u0131l\u0131mc\u0131lar\u0131n \u00e7o\u011fu bilan\u00e7o politikas\u0131na ili\u015fkin de\u011ferlendirmelerde bulundu. Bilan\u00e7o politikas\u0131na ili\u015fkin g\u00f6rev g\u00fcc\u00fcn\u00fcn bulgular\u0131n\u0131n Komite&#8217;nin de\u011ferlendirmelerine faydal\u0131 bir girdi sa\u011flayaca\u011f\u0131n\u0131 ve gelecekteki FOMC toplant\u0131lar\u0131n\u0131n bu konu hakk\u0131nda kapsaml\u0131 bir g\u00f6r\u00fc\u015fme yap\u0131lmas\u0131na f\u0131rsat sunaca\u011f\u0131n\u0131 belirttiler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00c7e\u015fitli kat\u0131l\u0131mc\u0131lar ele al\u0131nabilecek belirli konulara dikkat \u00e7ekti. \u00d6ne \u00e7\u0131kan konular aras\u0131nda piyasan\u0131n i\u015fleyi\u015fi ve finansal istikrar, bilan\u00e7o politikas\u0131n\u0131n parasal ve finansal ko\u015fullar \u00fczerindeki etkisi ve Federal Rezerv&#8217;in Hazine menkul k\u0131ymeti varl\u0131klar\u0131n\u0131n uygun vade kompozisyonu yer ald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Birka\u00e7 kat\u0131l\u0131mc\u0131 bu konular\u0131n daha \u00f6nceki Komite g\u00f6r\u00fc\u015fmelerine at\u0131fta bulundu. Bir\u00e7ok kat\u0131l\u0131mc\u0131 ise para politikas\u0131n\u0131n duru\u015funu ayarlaman\u0131n temel arac\u0131n\u0131n federal fon oran\u0131 hedef aral\u0131\u011f\u0131ndaki de\u011fi\u015fiklikler olmas\u0131 gerekti\u011fini yineledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00c7e\u015fitli kat\u0131l\u0131mc\u0131lar, haziran ve temmuz toplant\u0131lar\u0131 aras\u0131ndaki k\u0131sa s\u00fcre nedeniyle ekonomiye ili\u015fkin genel de\u011ferlendirmelerinin fazla de\u011fi\u015fmedi\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ba\u015fkan, yakla\u015f\u0131k iki ayda bir ger\u00e7ekle\u015ftirilecek y\u0131lda alt\u0131 planl\u0131 toplant\u0131n\u0131n, mevcut uygulamaya k\u0131yasla toplant\u0131lar aras\u0131nda daha fazla bilginin birikmesine ve politika yap\u0131c\u0131larla personelin stratejik para politikas\u0131 konular\u0131n\u0131 de\u011ferlendirmek i\u00e7in daha fazla zamana sahip olmas\u0131na olanak sa\u011flayaca\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ba\u015fkan, Komite&#8217;den bu konulara ili\u015fkin g\u00f6r\u00fc\u015f istedi ancak toplant\u0131 takviminde olas\u0131 de\u011fi\u015fikliklere ili\u015fkin herhangi bir karar al\u0131nmad\u0131. Ba\u015fkan, uygulamada yap\u0131labilecek herhangi bir de\u011fi\u015fikli\u011fin 2026&#8217;n\u0131n geri kalan\u0131ndaki toplant\u0131 takvimini etkilemeyece\u011fini belirtti.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Komite_Politika_Kararlari\"><\/span>Komite Politika Kararlar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Komite, ikili g\u00f6rev hedeflerini desteklemek amac\u0131yla dokuz \u00fcyenin federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n y\u00fczde 3,5 ila y\u00fczde 3,75 seviyesinde korunmas\u0131 ve bankac\u0131l\u0131k sisteminde bol rezerv bulundurma politikas\u0131n\u0131n yeniden teyit edilmesi konusunda hemfikir oldu\u011funu belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dcyeler, i\u015fsizlik oran\u0131n\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde de\u011fi\u015fmedi\u011fini ve ekonomik faaliyetteki g\u00fc\u00e7l\u00fc b\u00fcy\u00fcmenin devam etti\u011fini, buna kar\u015f\u0131l\u0131k enflasyonun Komite&#8217;nin y\u00fczde 2 hedefinin \u00fczerinde kald\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Haziran ay\u0131nda Komite, toplant\u0131 sonras\u0131 a\u00e7\u0131klamas\u0131nda &#8220;fiyat istikrar\u0131n\u0131 sa\u011flayaca\u011f\u0131n\u0131&#8221; belirterek ikili g\u00f6rev hedeflerine ula\u015fma konusundaki kararl\u0131l\u0131\u011f\u0131n\u0131n devam etti\u011finin alt\u0131n\u0131 \u00e7izmi\u015fti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dcyelerin neredeyse tamam\u0131 bu ifadenin temmuz ay\u0131ndaki toplant\u0131 sonras\u0131 a\u00e7\u0131klamada da korunmas\u0131n\u0131n uygun oldu\u011fu konusunda hemfikir oldu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dc\u00e7 \u00fcye, federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n korunmas\u0131 karar\u0131na kar\u015f\u0131 oy kulland\u0131 ve bu toplant\u0131da hedef aral\u0131\u011f\u0131n 25 baz puan art\u0131r\u0131lmas\u0131n\u0131 tercih etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tart\u0131\u015fman\u0131n sonunda Komite, Federal Rezerv Bankas\u0131 New York&#8217;a, aksi y\u00f6nde talimat verilene kadar Sistem A\u00e7\u0131k Piyasa Hesab\u0131&#8217;ndaki i\u015flemleri a\u015fa\u011f\u0131daki yurt i\u00e7i politika direktifine uygun \u015fekilde y\u00fcr\u00fctmesi talimat\u0131n\u0131 verdi:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>30 Temmuz 2026&#8217;dan itibaren Federal A\u00e7\u0131k Piyasa Komitesi, A\u00e7\u0131k Piyasa Masas\u0131&#8217;na \u015fu talimatlar\u0131 verir:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Federal fon oran\u0131n\u0131 y\u00fczde 3,5 ila y\u00fczde 3,75 hedef aral\u0131\u011f\u0131nda tutmak i\u00e7in gerekti\u011finde a\u00e7\u0131k piyasa i\u015flemleri ger\u00e7ekle\u015ftirmek.<\/li>\n\n\n\n<li>Gecelik s\u00fcrekli repo operasyonlar\u0131n\u0131 y\u00fczde 3,75 faiz oran\u0131ndan ger\u00e7ekle\u015ftirmek.<\/li>\n\n\n\n<li>Gecelik s\u00fcrekli ters repo operasyonlar\u0131n\u0131 y\u00fczde 3,5 teklif oran\u0131ndan ve kar\u015f\u0131 taraf ba\u015f\u0131na g\u00fcnl\u00fck 160 milyar dolar limit ile ger\u00e7ekle\u015ftirmek.<\/li>\n\n\n\n<li>Uygun oldu\u011funda, yeterli rezerv seviyesini korumak amac\u0131yla Hazine bonolar\u0131 ve gerekirse kalan vadesi 3 y\u0131l veya daha k\u0131sa olan di\u011fer Hazine menkul k\u0131ymetlerini sat\u0131n alarak Sistem A\u00e7\u0131k Piyasa Hesab\u0131&#8217;ndaki menkul k\u0131ymet varl\u0131klar\u0131n\u0131 art\u0131rmak.<\/li>\n\n\n\n<li>Federal Rezerv&#8217;in Hazine menkul k\u0131ymetlerinden elde etti\u011fi t\u00fcm anapara \u00f6demelerini a\u00e7\u0131k art\u0131rmada yeniden yat\u0131rmak. Federal Rezerv&#8217;in kurum menkul k\u0131ymetlerinden elde etti\u011fi t\u00fcm anapara \u00f6demelerini Hazine bonolar\u0131na yeniden yat\u0131rmak.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Oylama, a\u015fa\u011f\u0131daki a\u00e7\u0131klaman\u0131n da onaylanmas\u0131n\u0131 kapsad\u0131:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Federal A\u00e7\u0131k Piyasa Komitesi, a\u015fa\u011f\u0131daki a\u00e7\u0131klamay\u0131 9-3 oyla onaylad\u0131:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Komite, Federal Rezerv&#8217;in ikili g\u00f6revini desteklemek amac\u0131yla federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n y\u00fczde 3,5 ila y\u00fczde 3,75 seviyesinde korunmas\u0131na karar verdi. Komite, bankac\u0131l\u0131k sisteminde bol rezerv bulundurma politikas\u0131n\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ekonomik faaliyet, k\u0131smen Orta Do\u011fu&#8217;daki \u00e7at\u0131\u015fmadan kaynaklanan y\u00fcksek belirsizli\u011fe ra\u011fmen g\u00fc\u00e7l\u00fc bir h\u0131zla geni\u015fliyor. Verimlilik art\u0131\u015f\u0131 ve sermaye yat\u0131r\u0131mlar\u0131 g\u00fc\u00e7l\u00fc. \u0130stihdam kazan\u0131mlar\u0131 i\u015f g\u00fcc\u00fc arz\u0131yla uyumlu seyrediyor ve i\u015fsizlik oran\u0131 fazla de\u011fi\u015fmedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enflasyon, k\u0131smen enerji de dahil olmak \u00fczere belirli sekt\u00f6rlerde fiyat art\u0131\u015flar\u0131na yol a\u00e7an arz \u015foklar\u0131n\u0131 yans\u0131tacak \u015fekilde Komite&#8217;nin y\u00fczde 2 hedefinin \u00fczerinde kalmaya devam ediyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Komite fiyat istikrar\u0131n\u0131 sa\u011flayacakt\u0131r.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu karar\u0131 destekleyenler: Kevin Warsh, John C. Williams, Michael S. Barr, Michelle W. Bowman, Lisa D. Cook, Philip N. Jefferson, Anna Paulson, Jerome H. Powell ve Christopher J. Waller.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu karara kar\u015f\u0131 oy kullananlar: Beth M. Hammack, Neel Kashkari ve Lorie K. Logan. Bu \u00fcyeler, bu toplant\u0131da federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n y\u00fczde 0,25 puan art\u0131r\u0131lmas\u0131n\u0131 tercih etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Federal fon oran\u0131 hedef aral\u0131\u011f\u0131n\u0131n de\u011fi\u015ftirilmemesi karar\u0131yla uyumlu olarak Federal Rezerv Sistemi Y\u00f6netim Kurulu, rezerv bakiyelerine \u00f6denen faiz oran\u0131n\u0131 30 Temmuz 2026&#8217;dan ge\u00e7erli olmak \u00fczere y\u00fczde 3,65 seviyesinde tutma karar\u0131n\u0131 oybirli\u011fiyle ald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u00f6netim Kurulu ayr\u0131ca birincil kredi faiz oran\u0131n\u0131n mevcut y\u00fczde 3,75 seviyesinde belirlenmesini oybirli\u011fiyle onaylad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Komite&#8217;nin bir sonraki toplant\u0131s\u0131n\u0131n 15\u201316 Eyl\u00fcl 2026 Sal\u0131 ve \u00c7ar\u015famba g\u00fcnlerinde yap\u0131lmas\u0131 kararla\u015ft\u0131r\u0131ld\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Toplant\u0131 29 Temmuz 2026 \u00c7ar\u015famba g\u00fcn\u00fc saat 10.50&#8217;de sona erdi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Notasyon_Oylamasi\"><\/span>Notasyon Oylamas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">7 Temmuz 2026&#8217;da tamamlanan notasyon oylamas\u0131yla Komite, 16\u201317 Haziran 2026 tarihli Komite toplant\u0131s\u0131n\u0131n tutanaklar\u0131n\u0131 oybirli\u011fiyle onaylad\u0131.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Katilimcilar\"><\/span>Kat\u0131l\u0131mc\u0131lar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Kevin Warsh \u2014 Ba\u015fkan<br>John C. Williams \u2014 Ba\u015fkan Yard\u0131mc\u0131s\u0131<br>Michael S. Barr<br>Michelle W. Bowman<br>Lisa D. Cook<br>Beth M. Hammack<br>Philip N. Jefferson<br>Neel Kashkari<br>Lorie K. Logan<br>Anna Paulson<br>Jerome H. Powell<br>Christopher J. Waller<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Komite&#8217;nin alternatif \u00fcyeleri:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thomas I. Barkin<br>Mary C. Daly<br>Austan D. Goolsbee<br>Sushmita Shukla<br>Cheryl L. Venable<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Boston, St. Louis ve Kansas City Federal Rezerv Bankalar\u0131n\u0131n ba\u015fkanlar\u0131:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Susan M. Collins<br>Alberto G. Musalem<br>Jeffrey R. Schmid<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Joshua Gallin \u2014 Sekreter<br>Matthew M. Luecke \u2014 Sekreter Yard\u0131mc\u0131s\u0131<br>Michelle A. Smith \u2014 Sekreter Yard\u0131mc\u0131s\u0131<br>Mark E. Van Der Weide \u2014 Ba\u015f Hukuk M\u00fc\u015faviri<br>Richard Ostrander \u2014 Ba\u015f Hukuk M\u00fc\u015faviri Yard\u0131mc\u0131s\u0131<br>Trevor A. Reeve \u2014 Ekonomist<br>Stacey Tevlin \u2014 Ekonomist<br>Beth Anne Wilson \u2014 Ekonomist<br>Stephanie R. Aaronson \u2014 Yard\u0131mc\u0131 Ekonomist<br>Brian M. Doyle \u2014 Yard\u0131mc\u0131 Ekonomist<br>Michael T. Kiley \u2014 Yard\u0131mc\u0131 Ekonomist<br>Elizabeth Klee \u2014 Yard\u0131mc\u0131 Ekonomist<br>Roberto Perli \u2014 Sistem A\u00e7\u0131k Piyasa Hesab\u0131 Y\u00f6neticisi<br>Julie Ann Remache \u2014 Sistem A\u00e7\u0131k Piyasa Hesab\u0131 Y\u00f6netici Yard\u0131mc\u0131s\u0131<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ve Federal Rezerv Sistemi ile Federal Rezerv bankalar\u0131ndan toplant\u0131lara \u00e7e\u015fitli g\u00f6revlerde kat\u0131lan di\u011fer yetkililer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Tutanaklar\u0131 Tam Metni (T\u00fcrk\u00e7e \u00c7eviri) FEDERAL A\u00c7IK P\u0130YASA KOM\u0130TES\u0130 TOPLANTI TUTANAKLARI 28\u201329 Temmuz 2026 Federal A\u00e7\u0131k Piyasa Komitesi ile<\/p>\n","protected":false},"author":1,"featured_media":11077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[26],"class_list":["post-11076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-fed"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/11076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11076"}],"version-history":[{"count":0,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/11076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/11077"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}