{"id":16565,"date":"2026-09-10T12:45:00","date_gmt":"2026-09-10T09:45:00","guid":{"rendered":"https:\/\/fxknews.com\/?p=16565"},"modified":"2026-09-10T12:46:45","modified_gmt":"2026-09-10T09:46:45","slug":"abd-enflasyon-verisi-ve-kuresel-piyasalarda-rejim-degisimi-cuma-gunu-ne-bekleniyor-neden-bu-kadar-kritik","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=16565","title":{"rendered":"ABD Enflasyon Verisi ve K\u00fcresel Piyasalarda Rejim De\u011fi\u015fimi: Cuma G\u00fcn\u00fc Ne Bekleniyor, Neden Bu Kadar Kritik?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 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-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=16565\/#Giris_Siradan_Bir_Enflasyon_Verisi_Degil\" >Giri\u015f: S\u0131radan Bir Enflasyon Verisi De\u011fil<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=16565\/#Rejim_Degisimi_Piyasa_Artik_Indirim_Degil_Artirim_Fiyatliyor\" >Rejim De\u011fi\u015fimi: Piyasa Art\u0131k \u0130ndirim De\u011fil, Art\u0131r\u0131m Fiyatl\u0131yor<\/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=16565\/#Fedin_Kurumsal_Durusu_ve_Yeni_Yonetim_Faktoru\" >Fed&#8217;in Kurumsal Duru\u015fu ve Yeni Y\u00f6netim Fakt\u00f6r\u00fc<\/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=16565\/#Enerji_Soku_Enflasyon_Denkleminin_Yeni_Degiskeni\" >Enerji \u015eoku: Enflasyon Denkleminin Yeni De\u011fi\u015fkeni<\/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=16565\/#Bir_Gun_Oncesinin_Sinyali_UFE_Verisi\" >Bir G\u00fcn \u00d6ncesinin Sinyali: \u00dcFE Verisi<\/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=16565\/#Varlik_Siniflari_Bazinda_Senaryo_Analizi\" >Varl\u0131k S\u0131n\u0131flar\u0131 Baz\u0131nda Senaryo Analizi<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/fxknews.com\/?p=16565\/#Senaryo_A_%E2%80%94_Beklentinin_Uzerinde_Veri_Sicak\" >Senaryo A \u2014 Beklentinin \u00dczerinde Veri (S\u0131cak)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/fxknews.com\/?p=16565\/#Senaryo_B_%E2%80%94_Beklentiyle_Uyumlu_Veri\" >Senaryo B \u2014 Beklentiyle Uyumlu Veri<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/fxknews.com\/?p=16565\/#Senaryo_C_%E2%80%94_Beklentinin_Altinda_Veri_Soguk\" >Senaryo C \u2014 Beklentinin Alt\u0131nda Veri (So\u011fuk)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/fxknews.com\/?p=16565\/#Turkiye_Piyasalari_Acisindan_Yansimalar\" >T\u00fcrkiye Piyasalar\u0131 A\u00e7\u0131s\u0131ndan Yans\u0131malar<\/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=16565\/#Izlenmesi_Gereken_Alt_Basliklar\" >\u0130zlenmesi Gereken Alt Ba\u015fl\u0131klar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/fxknews.com\/?p=16565\/#Sonuc_ve_Genel_Degerlendirme\" >Sonu\u00e7 ve Genel De\u011ferlendirme<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Giris_Siradan_Bir_Enflasyon_Verisi_Degil\"><\/span>Giri\u015f: S\u0131radan Bir Enflasyon Verisi De\u011fil<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">11 Eyl\u00fcl Cuma g\u00fcn\u00fc TS\u0130 15:30&#8217;da a\u00e7\u0131klanacak ABD A\u011fustos ay\u0131 T\u00fcketici Fiyat Endeksi verisi, takvimdeki rutin bir makro ba\u015fl\u0131ktan ibaret de\u011fil. Bu veri, son iki y\u0131ld\u0131r k\u00fcresel piyasalar\u0131n \u00fczerine in\u015fa edildi\u011fi temel varsay\u0131m\u0131n \u2014 yani &#8220;Fed&#8217;in gev\u015feme patikas\u0131nda oldu\u011fu&#8221; varsay\u0131m\u0131n\u0131n \u2014 s\u0131nanaca\u011f\u0131 bir e\u015fik niteli\u011fi ta\u015f\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasa beklentisi y\u0131ll\u0131k bazda %3,4, ayl\u0131k bazda %0,4 y\u00f6n\u00fcnde. \u00d6nceki ay da y\u0131ll\u0131k enflasyon %3,4 seviyesindeydi. Rakamlar\u0131n kendisi ilk bak\u0131\u015fta dramatik g\u00f6r\u00fcnm\u00fcyor olabilir. Ancak bu verinin a\u00e7\u0131klanaca\u011f\u0131 makro zemin, ayn\u0131 rakam\u0131n on iki ay \u00f6nceki kar\u015f\u0131l\u0131\u011f\u0131ndan tamamen farkl\u0131 bir anlam ta\u015f\u0131mas\u0131na yol a\u00e7\u0131yor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rejim_Degisimi_Piyasa_Artik_Indirim_Degil_Artirim_Fiyatliyor\"><\/span>Rejim De\u011fi\u015fimi: Piyasa Art\u0131k \u0130ndirim De\u011fil, Art\u0131r\u0131m Fiyatl\u0131yor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Analizin merkezine oturmas\u0131 gereken tespit \u015fu: <strong>k\u00fcresel faiz beklentileri d\u00f6ng\u00fcs\u00fcnde y\u00f6n de\u011fi\u015fti.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">15-16 Eyl\u00fcl&#8217;de ger\u00e7ekle\u015fecek FOMC toplant\u0131s\u0131 \u00f6ncesinde vadeli i\u015flem piyasalar\u0131 ve tahmin piyasalar\u0131, 25 baz puanl\u0131k bir faiz <strong>art\u0131r\u0131m\u0131<\/strong> ihtimalini %55-63 aral\u0131\u011f\u0131nda fiyatl\u0131yor. Faiz indirimi ihtimali ise marjinal seviyelere, baz\u0131 \u00f6l\u00e7\u00fcmlerde %1&#8217;in alt\u0131na gerilemi\u015f durumda. Y\u0131l\u0131n tamam\u0131 i\u00e7in &#8220;s\u0131f\u0131r indirim&#8221; senaryosuna atfedilen olas\u0131l\u0131k ise %90 band\u0131na yakla\u015fm\u0131\u015f vaziyette.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu tablo, 2024-2025 d\u00f6neminin h\u00e2kim anlat\u0131s\u0131n\u0131n tersine d\u00f6nmesi anlam\u0131na geliyor. O d\u00f6nemde piyasa her enflasyon verisini &#8220;Fed ne kadar h\u0131zl\u0131 indirecek?&#8221; sorusuyla okuyordu. Bug\u00fcn ise soru \u015fu hale gelmi\u015f durumda: <strong>&#8220;Fed yeniden s\u0131k\u0131la\u015ft\u0131rmak zorunda kalacak m\u0131?&#8221;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu fark\u0131n pratik sonucu, varl\u0131k s\u0131n\u0131flar\u0131n\u0131n veriye verece\u011fi tepkinin asimetrik olmas\u0131d\u0131r. Beklentinin alt\u0131nda gelen bir veri, piyasaya iki ayr\u0131 iyi haber birden verir: enflasyon bask\u0131s\u0131 azal\u0131yor <strong>ve<\/strong> art\u0131r\u0131m riski masadan kalk\u0131yor. Beklentinin \u00fczerinde gelen bir veri ise tek bir k\u00f6t\u00fc haberi katmerlendirir: hem enflasyon inat\u00e7\u0131 hem de Fed&#8217;in eli s\u0131k\u0131la\u015ft\u0131rma y\u00f6n\u00fcnde g\u00fc\u00e7leniyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu asimetri, veri sonras\u0131 hareketin b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc tahmin ederken g\u00f6z \u00f6n\u00fcnde bulundurulmas\u0131 gereken en \u00f6nemli teknik unsurdur.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fedin_Kurumsal_Durusu_ve_Yeni_Yonetim_Faktoru\"><\/span>Fed&#8217;in Kurumsal Duru\u015fu ve Yeni Y\u00f6netim Fakt\u00f6r\u00fc<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasan\u0131n art\u0131r\u0131m ihtimalini bu denli y\u00fcksek fiyatlamas\u0131n\u0131n arkas\u0131nda yaln\u0131zca veri ak\u0131\u015f\u0131 yok. Fed&#8217;in kurumsal duru\u015funda g\u00f6zlenen sertle\u015fme de belirleyici. Temmuz toplant\u0131s\u0131nda faizler sabit tutulurken \u00fc\u00e7 \u00fcyenin art\u0131r\u0131m y\u00f6n\u00fcnde muhalefet \u015ferhi d\u00fc\u015fmesi, komite i\u00e7indeki dengenin \u015fahin tarafa kayd\u0131\u011f\u0131n\u0131n a\u00e7\u0131k bir g\u00f6stergesiydi. Haziran projeksiyonlar\u0131nda dokuz \u00fcyenin 2026 i\u00e7in en az bir art\u0131r\u0131m \u00f6ng\u00f6rmesi de ayn\u0131 y\u00f6ne i\u015faret ediyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yeni Fed Ba\u015fkan\u0131 Kevin Warsh&#8217;\u0131n g\u00f6reve geli\u015fiyle birlikte kurumun ileti\u015fim dilinde de bir sertle\u015fme g\u00f6zleniyor. Warsh y\u00f6netimindeki ilk Ekonomik Projeksiyon \u00d6zeti&#8217;nde y\u0131l sonu medyan faiz tahmininin yukar\u0131 revize edilmesi, piyasaya &#8220;gev\u015feme beklentinizi ertelemekle kalmay\u0131n, y\u00f6n\u00fcn\u00fc sorgulay\u0131n&#8221; mesaj\u0131 olarak okundu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu noktada siyasi bask\u0131 unsurunu da not etmek gerekiyor: Beyaz Saray&#8217;dan gelen a\u00e7\u0131k faiz indirimi \u00e7a\u011fr\u0131lar\u0131na ra\u011fmen piyasa fiyatlamas\u0131 bu \u00e7a\u011fr\u0131lar\u0131 dikkate alm\u0131yor. Bu, Fed&#8217;in kurumsal ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131na dair piyasa g\u00fcveninin \u015fimdilik korundu\u011funu g\u00f6steriyor \u2014 kendi ba\u015f\u0131na \u00f6nemli bir istikrar unsuru.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enerji_Soku_Enflasyon_Denkleminin_Yeni_Degiskeni\"><\/span>Enerji \u015eoku: Enflasyon Denkleminin Yeni De\u011fi\u015fkeni<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bu verinin ge\u00e7mi\u015f aylardaki muadillerinden ayr\u0131lan en somut y\u00f6n\u00fc, a\u00e7\u0131klanaca\u011f\u0131 jeopolitik ortam.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ABD-\u0130ran gerginli\u011findeki t\u0131rmanma, H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00fczerinden ge\u00e7en k\u00fcresel petrol ticaretinin arz g\u00fcvenli\u011fini do\u011frudan tehdit eder hale geldi. Bo\u011fazdan ge\u00e7en hacim, d\u00fcnya petrol ticaretinin yakla\u015f\u0131k be\u015fte birine kar\u015f\u0131l\u0131k geliyor. ABD Deniz Kuvvetleri&#8217;nin \u0130ran bayrakl\u0131 tankerlere y\u00f6nelik operasyonlar\u0131 ve Tahran&#8217;\u0131n kar\u015f\u0131 hamleleri, enerji piyasalar\u0131nda kal\u0131c\u0131 bir risk primi olu\u015fturdu. Brent petrol bu s\u00fcre\u00e7te psikolojik e\u015fikleri a\u015farak y\u0131l\u0131n en y\u00fcksek b\u00f6lgesine yerle\u015fti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enerji fiyatlar\u0131ndaki bu s\u0131\u00e7raman\u0131n enflasyon \u00fczerindeki etkisi iki katmanl\u0131 i\u015fliyor:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Birinci katman \u2014 do\u011frudan etki.<\/strong> Akaryak\u0131t ve enerji kalemleri man\u015fet T\u00dcFE&#8217;yi mekanik olarak yukar\u0131 \u00e7eker. Ancak bu etkinin A\u011fustos verisine ne \u00f6l\u00e7\u00fcde yans\u0131yaca\u011f\u0131, fiyat art\u0131\u015f\u0131n\u0131n ayl\u0131k ortalama i\u00e7indeki zamanlamas\u0131na ba\u011fl\u0131. T\u0131rmanman\u0131n \u00f6nemli b\u00f6l\u00fcm\u00fc ay sonuna do\u011fru yo\u011funla\u015ft\u0131ysa, as\u0131l etki Eyl\u00fcl verisinde g\u00f6r\u00fclecek demektir. Bu, Cuma g\u00fcnk\u00fc verinin &#8220;ger\u00e7ek resmi hen\u00fcz g\u00f6stermiyor olabilece\u011fi&#8221; anlam\u0131na gelir ve piyasa tepkisini t\u00f6rp\u00fcleyebilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0130kinci katman \u2014 ikincil (second-round) etki.<\/strong> Enerji maliyetlerinin nakliye, \u00fcretim ve hizmet fiyatlar\u0131na yay\u0131lmas\u0131. Bu, \u00e7ekirdek enflasyonda gecikmeli olarak ortaya \u00e7\u0131kar ve merkez bankalar\u0131 a\u00e7\u0131s\u0131ndan man\u015fet enflasyondan \u00e7ok daha endi\u015fe vericidir. Fed&#8217;in tepkisini belirleyecek olan da esas budur.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu nedenle Cuma g\u00fcn\u00fc verinin <strong>man\u015fet-\u00e7ekirdek ayr\u0131\u015fmas\u0131<\/strong>, tek bir rakamdan daha fazla bilgi ta\u015f\u0131yacak. Man\u015fetin y\u00fcksek, \u00e7ekirde\u011fin \u0131l\u0131ml\u0131 gelmesi &#8220;ge\u00e7ici enerji \u015foku&#8221; olarak okunur ve piyasa nispeten sakin kalabilir. Her ikisinin birden yukar\u0131 s\u00fcrprizi ise en sert senaryodur.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bir_Gun_Oncesinin_Sinyali_UFE_Verisi\"><\/span>Bir G\u00fcn \u00d6ncesinin Sinyali: \u00dcFE Verisi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dcretici Fiyat Endeksi verisi T\u00dcFE&#8217;den bir g\u00fcn \u00f6nce, 10 Eyl\u00fcl Per\u015fembe g\u00fcn\u00fc a\u00e7\u0131klan\u0131yor. \u00dcFE, \u00fcretim a\u015famas\u0131ndaki fiyat hareketlerini g\u00f6sterdi\u011fi i\u00e7in t\u00fcketici enflasyonuna \u00f6nc\u00fc sinyal i\u015flevi g\u00f6r\u00fcr.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Per\u015fembe g\u00fcn\u00fc \u00dcFE&#8217;nin beklentinin belirgin \u015fekilde \u00fczerinde gelmesi durumunda, piyasalar Cuma g\u00fcn\u00fcn\u00fc beklemeden T\u00dcFE beklentisini yukar\u0131 revize edecek ve pozisyonlanmas\u0131n\u0131 buna g\u00f6re ayarlayacakt\u0131r. Bu durumda Cuma g\u00fcnk\u00fc as\u0131l reaksiyon, resmi beklentiye g\u00f6re de\u011fil, Per\u015fembe ak\u015fam\u0131 olu\u015fan <strong>gayri resmi &#8220;whisper number&#8221;<\/strong> seviyesine g\u00f6re \u015fekillenir. Veri g\u00fcnlerinde s\u0131k\u00e7a g\u00f6r\u00fclen &#8220;rakam beklentiyi tutturdu ama piyasa ters y\u00f6nde hareket etti&#8221; durumunun teknik a\u00e7\u0131klamas\u0131 budur.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Varlik_Siniflari_Bazinda_Senaryo_Analizi\"><\/span>Varl\u0131k S\u0131n\u0131flar\u0131 Baz\u0131nda Senaryo Analizi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Senaryo_A_%E2%80%94_Beklentinin_Uzerinde_Veri_Sicak\"><\/span>Senaryo A \u2014 Beklentinin \u00dczerinde Veri (S\u0131cak)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u0131ll\u0131k enflasyonun %3,5 ve \u00fczeri, ayl\u0131k enflasyonun %0,5 ve \u00fczeri gelmesi bu senaryoyu tan\u0131mlar. \u00d6zellikle \u00e7ekirdek enflasyonda da yukar\u0131 s\u00fcrpriz e\u015flik ederse etki katlan\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dolar Endeksi (DXY):<\/strong> En net ve tek y\u00f6nl\u00fc tepkinin g\u00f6r\u00fclece\u011fi enstr\u00fcman. Hem faiz fark\u0131 beklentisi hem g\u00fcvenli liman talebi ayn\u0131 y\u00f6ne \u00e7al\u0131\u015f\u0131r. Dolardaki g\u00fc\u00e7lenme, geli\u015fmekte olan \u00fclke para birimleri \u00fczerinde ek bask\u0131 yarat\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tahvil Piyasas\u0131:<\/strong> ABD 10 y\u0131ll\u0131k tahvil getirilerinde yukar\u0131 hareket beklenir; ancak as\u0131l sert reaksiyon 2 y\u0131ll\u0131k tarafta g\u00f6r\u00fcl\u00fcr, \u00e7\u00fcnk\u00fc k\u0131sa vadeli getiriler do\u011frudan politika faizi beklentisine endekslidir. Bu, getiri e\u011frisinde yass\u0131la\u015fma (flattening) ya da k\u0131sa vadeli taraf\u0131n uzun vadeliyi ge\u00e7mesiyle sonu\u00e7lanabilir. Getiri e\u011frisinin bu \u015fekilde tersine d\u00f6nmesi, tarihsel olarak b\u00fcy\u00fcme endi\u015felerinin habercisi kabul edilir ve orta vadede kendi ba\u015f\u0131na bir risk sinyalidir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Borsalar:<\/strong> Sat\u0131\u015f bask\u0131s\u0131 \u00f6ne \u00e7\u0131kar. Etki mekanizmas\u0131 \u00fc\u00e7 kanaldan \u00e7al\u0131\u015f\u0131r: iskonto oran\u0131n\u0131n y\u00fckselmesiyle de\u011ferlemelerin bask\u0131lanmas\u0131, enerji maliyeti kaynakl\u0131 k\u00e2r marj\u0131 erozyonu ve risk priminin geni\u015flemesi. Sekt\u00f6rel ayr\u0131\u015fma belirgin olur \u2014 enerji ve savunma hisseleri pozitif ayr\u0131\u015f\u0131rken, uzun vadeli nakit ak\u0131\u015f\u0131na dayal\u0131 teknoloji ve b\u00fcy\u00fcme hisseleri en sert bask\u0131y\u0131 g\u00f6r\u00fcr. Yapay zeka temal\u0131 hisselerde bir s\u00fcredir g\u00f6zlenen momentum kayb\u0131, bu senaryoda h\u0131zlanabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alt\u0131n:<\/strong> Analizin en n\u00fcansl\u0131 b\u00f6l\u00fcm\u00fc. Alt\u0131n bu senaryoda iki z\u0131t kuvvetin aras\u0131nda kal\u0131r. Bir yandan y\u00fckselen reel getiriler ve g\u00fc\u00e7lenen dolar, faiz getirisi olmayan alt\u0131n\u0131 bask\u0131lar. Di\u011fer yandan enflasyon korumas\u0131 talebi ve jeopolitik g\u00fcvenli liman ak\u0131\u015f\u0131 destekleyicidir. Son d\u00f6nemdeki y\u00fckseli\u015fin a\u011f\u0131rl\u0131kl\u0131 olarak faiz beklentisinden de\u011fil jeopolitik primden beslendi\u011fi g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda, s\u0131cak veri kar\u015f\u0131s\u0131nda alt\u0131ndaki geri \u00e7ekilmelerin s\u0131n\u0131rl\u0131 ve al\u0131m f\u0131rsat\u0131 olarak de\u011ferlendirilme ihtimali y\u00fcksektir. Beklenen davran\u0131\u015f: y\u00fcksek volatilite, dar bant i\u00e7inde sert sal\u0131n\u0131m, kal\u0131c\u0131 y\u00f6n kayb\u0131 olmamas\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kripto Para Piyasas\u0131:<\/strong> Bu senaryoda en kritik test ya\u015fanacak varl\u0131k s\u0131n\u0131f\u0131. Bitcoin&#8217;in tarihsel davran\u0131\u015f\u0131, s\u0131k\u0131la\u015fma beklentisi kar\u015f\u0131s\u0131nda risk varl\u0131klar\u0131yla birlikte sat\u0131lmas\u0131 y\u00f6n\u00fcnde \u2014 nitekim y\u0131l i\u00e7indeki jeopolitik \u015foklarda ve \u015fahin Fed d\u00f6nemlerinde bu korelasyon defalarca do\u011fruland\u0131. Ancak son haftalarda dikkat \u00e7eken bir davran\u0131\u015f de\u011fi\u015fikli\u011fi var: Bitcoin, hisse senetlerinden ayr\u0131\u015f\u0131p alt\u0131nla paralel hareket etme e\u011filimi g\u00f6sterdi ve jeopolitik t\u0131rmanmaya ra\u011fmen diren\u00e7li kald\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu ayr\u0131\u015fma iki farkl\u0131 \u015fekilde yorumlanabilir. \u0130yimser okuma, kurumsal yat\u0131r\u0131mc\u0131 taban\u0131n\u0131n geni\u015flemesiyle Bitcoin&#8217;in k\u0131smen &#8220;makro hedge&#8221; stat\u00fcs\u00fcne ge\u00e7ti\u011fi y\u00f6n\u00fcnde. Temkinli okuma ise bunun ge\u00e7ici bir konumlanma etkisi oldu\u011fu, ger\u00e7ek bir stres testinde eski korelasyonun geri d\u00f6nece\u011fi y\u00f6n\u00fcnde. S\u0131cak veri senaryosu, bu iki tezden hangisinin ge\u00e7erli oldu\u011funu ortaya \u00e7\u0131karacak. Spot ETF ak\u0131mlar\u0131 bu ayr\u0131m\u0131 izlemek i\u00e7in en somut g\u00f6stergedir: sat\u0131\u015f bask\u0131s\u0131na ra\u011fmen ETF giri\u015fleri pozitif kal\u0131rsa, ayr\u0131\u015fma tezi g\u00fc\u00e7 kazan\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Altcoin taraf\u0131nda ise b\u00f6yle bir tart\u0131\u015fma yok \u2014 likidite daralmas\u0131 senaryolar\u0131nda altcoinler Bitcoin&#8217;e g\u00f6re sistematik olarak daha y\u00fcksek beta ile hareket eder, dolay\u0131s\u0131yla d\u00fc\u015f\u00fc\u015fler orant\u0131s\u0131z derinle\u015fir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Petrol:<\/strong> Verinin kendisi petrol i\u00e7in do\u011frudan bir tetikleyici de\u011fil. Ancak dolayl\u0131 bir kanal mevcut: s\u0131cak veri, agresif s\u0131k\u0131la\u015ft\u0131rma beklentisini g\u00fc\u00e7lendirerek k\u00fcresel b\u00fcy\u00fcme endi\u015fesi do\u011furur ve talep taraf\u0131ndan fiyata bask\u0131 yapar. Bu, jeopolitik arz priminin kar\u015f\u0131s\u0131nda duran tek dengeleyici unsurdur. Sonu\u00e7 olarak petrolde T\u00dcFE kaynakl\u0131 hareket s\u0131n\u0131rl\u0131 kal\u0131r; as\u0131l y\u00f6n Orta Do\u011fu haber ak\u0131\u015f\u0131na ba\u011fl\u0131 olmay\u0131 s\u00fcrd\u00fcr\u00fcr.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Senaryo_B_%E2%80%94_Beklentiyle_Uyumlu_Veri\"><\/span>Senaryo B \u2014 Beklentiyle Uyumlu Veri<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Rakamlar\u0131n %3,4 \/ %0,4 \u00e7izgisinde gelmesi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu senaryo teknik olarak &#8220;olay de\u011fil&#8221; (non-event) kategorisindedir. Piyasa zaten bu sonucu fiyatlam\u0131\u015f durumda oldu\u011fu i\u00e7in ilk reaksiyon s\u0131n\u0131rl\u0131 kal\u0131r ve odak h\u0131zla 15-16 Eyl\u00fcl FOMC toplant\u0131s\u0131na kayar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ancak burada g\u00f6zden ka\u00e7\u0131r\u0131lmamas\u0131 gereken bir nokta var: <strong>belirsizli\u011fin ortadan kalkmas\u0131 kendi ba\u015f\u0131na bir kataliz\u00f6rd\u00fcr.<\/strong> Veri riski ge\u00e7ildikten sonra, veri \u00f6ncesinde savunmac\u0131 pozisyon alan yat\u0131r\u0131mc\u0131lar\u0131n pozisyon kapatmas\u0131 k\u0131sa s\u00fcreli bir rahatlama hareketi yaratabilir. Bu hareket genellikle y\u00f6n de\u011fil, volatilite d\u00fc\u015f\u00fc\u015f\u00fc \u015feklinde tezah\u00fcr eder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu senaryoda beklenen davran\u0131\u015f varl\u0131k s\u0131n\u0131flar\u0131 genelinde konsolidasyon: alt\u0131n yatay ila hafif pozitif seyirle jeopolitik primini korur, borsalar s\u0131n\u0131rl\u0131 toparlanma ya\u015far ancak FOMC beklentisiyle \u00fcst tarafta frenlenir, kripto yatay kalarak enerji ve jeopolitik haber ak\u0131\u015f\u0131na duyarl\u0131l\u0131\u011f\u0131n\u0131 s\u00fcrd\u00fcr\u00fcr, tahvil ve dolarda minimal hareket g\u00f6r\u00fcl\u00fcr.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu durumda ger\u00e7ek volatilite, T\u00dcFE g\u00fcn\u00fcnden FOMC toplant\u0131s\u0131na uzanan hafta boyunca Fed yetkililerinin a\u00e7\u0131klamalar\u0131 ve jeopolitik geli\u015fmeler \u00fczerinden da\u011f\u0131larak ya\u015fan\u0131r.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Senaryo_C_%E2%80%94_Beklentinin_Altinda_Veri_Soguk\"><\/span>Senaryo C \u2014 Beklentinin Alt\u0131nda Veri (So\u011fuk)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Y\u0131ll\u0131k enflasyonun %3,3 ve alt\u0131, ayl\u0131k enflasyonun %0,3 ve alt\u0131 gelmesi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu, piyasan\u0131n <strong>en az fiyatlad\u0131\u011f\u0131<\/strong> ve dolay\u0131s\u0131yla en y\u00fcksek reaksiyon potansiyeli ta\u015f\u0131yan senaryodur. Pozisyonlanma b\u00fcy\u00fck \u00f6l\u00e7\u00fcde \u015fahin senaryoya g\u00f6re kurulmu\u015f durumda oldu\u011fu i\u00e7in, ters y\u00f6nde gelecek bir s\u00fcrpriz zorunlu pozisyon kapatmalar\u0131yla (short covering) katlanarak b\u00fcy\u00fcyen bir hareket \u00fcretebilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Borsalar:<\/strong> En g\u00fc\u00e7l\u00fc tepkinin g\u00f6r\u00fclece\u011fi alan. Art\u0131r\u0131m riskinin masadan kalkmas\u0131, enerji maliyeti bask\u0131s\u0131na ra\u011fmen de\u011ferlemeler \u00fczerindeki en a\u011f\u0131r y\u00fck\u00fc kald\u0131r\u0131r. \u00d6zellikle faize duyarl\u0131 b\u00fcy\u00fcme ve teknoloji hisselerinde sert bir yukar\u0131 hareket beklenir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kripto:<\/strong> Borsalarla birlikte, muhtemelen daha y\u00fcksek genlikle pozitif ayr\u0131\u015f\u0131r. Kripto varl\u0131klar i\u00e7in bu senaryoda iki destekleyici etken \u00fcst \u00fcste biner: risk i\u015ftah\u0131n\u0131n d\u00f6n\u00fc\u015f\u00fc ve likidite ko\u015fullar\u0131n\u0131n s\u0131k\u0131la\u015fmayaca\u011f\u0131 g\u00fcvencesi. Altcoin taraf\u0131nda y\u00fcksek beta bu kez lehe \u00e7al\u0131\u015f\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alt\u0131n:<\/strong> Burada sezgiye ayk\u0131r\u0131 bir dinamik devreye girer. Reel getirilerin d\u00fc\u015fmesi alt\u0131n\u0131 teorik olarak destekler; ancak risk i\u015ftah\u0131n\u0131n d\u00f6nmesi, g\u00fcvenli liman talebiyle olu\u015fmu\u015f pozisyonlarda k\u00e2r realizasyonuna yol a\u00e7abilir. Son y\u00fckseli\u015fin faiz beklentisinden \u00e7ok jeopolitik kaynakl\u0131 oldu\u011fu hat\u0131rland\u0131\u011f\u0131nda, alt\u0131n\u0131n bu senaryoda <strong>g\u00f6rece en zay\u0131f performans g\u00f6steren g\u00fcvenli liman<\/strong> olmas\u0131 \u015fa\u015f\u0131rt\u0131c\u0131 olmaz. Pozitif ama s\u0131n\u0131rl\u0131 bir tepki beklenmelidir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dolar Endeksi:<\/strong> Zay\u0131flar. Bu, geli\u015fmekte olan \u00fclke varl\u0131klar\u0131 ve emtia fiyatlar\u0131 i\u00e7in genel bir rahatlama anlam\u0131na gelir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tahvil:<\/strong> Getirilerde d\u00fc\u015f\u00fc\u015f, \u00f6zellikle politika faizine en duyarl\u0131 k\u0131sa vadeli tarafta belirgin. Getiri e\u011frisinde normalle\u015fme (dikle\u015fme) e\u011filimi g\u00f6r\u00fclebilir.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Turkiye_Piyasalari_Acisindan_Yansimalar\"><\/span>T\u00fcrkiye Piyasalar\u0131 A\u00e7\u0131s\u0131ndan Yans\u0131malar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ABD enflasyon verisi, T\u00fcrkiye piyasalar\u0131na \u00fc\u00e7 kanaldan ula\u015f\u0131r:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kur kanal\u0131:<\/strong> Dolar endeksindeki hareket, TL \u00fczerinde do\u011frudan etkilidir. S\u0131cak veri senaryosunda g\u00fc\u00e7lenen dolar, kur \u00fczerinde yukar\u0131 bask\u0131 olu\u015fturur ve TCMB&#8217;nin faiz indirim alan\u0131n\u0131 daralt\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Risk i\u015ftah\u0131 kanal\u0131:<\/strong> Geli\u015fmekte olan \u00fclke varl\u0131klar\u0131na y\u00f6nelik k\u00fcresel ak\u0131mlar, ABD reel getirilerinin seyrine duyarl\u0131d\u0131r. Y\u00fckselen ABD getirileri, geli\u015fmekte olan piyasalardan portf\u00f6y \u00e7\u0131k\u0131\u015f\u0131n\u0131 h\u0131zland\u0131r\u0131r \u2014 BIST \u00fczerinde yabanc\u0131 i\u015flemleri a\u00e7\u0131s\u0131ndan belirleyici olan kanal budur.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alt\u0131n kanal\u0131:<\/strong> T\u00fcrkiye&#8217;de yat\u0131r\u0131mc\u0131 davran\u0131\u015f\u0131 a\u00e7\u0131s\u0131ndan ons alt\u0131ndaki hareket, kur etkisiyle birle\u015ferek gram alt\u0131n fiyat\u0131na yans\u0131r. Ons ve kurun ayn\u0131 y\u00f6nde hareket etti\u011fi senaryolarda etki katlan\u0131r; ters y\u00f6nde hareket ettiklerinde gram alt\u0131n beklenenden sakin kalabilir. Bu iki de\u011fi\u015fkeni ayr\u0131 ayr\u0131 izlemek, tek ba\u015f\u0131na ons fiyat\u0131n\u0131 takip etmekten daha sa\u011fl\u0131kl\u0131 sonu\u00e7 verir.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Izlenmesi_Gereken_Alt_Basliklar\"><\/span>\u0130zlenmesi Gereken Alt Ba\u015fl\u0131klar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Veri a\u00e7\u0131kland\u0131\u011f\u0131nda yaln\u0131zca man\u015fet rakama bakmak yan\u0131lt\u0131c\u0131 olabilir. Detayda izlenmesi gereken kalemler:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00c7ekirdek T\u00dcFE:<\/strong> Enerji ve g\u0131da hari\u00e7 \u00f6l\u00e7\u00fcm. Fed&#8217;in politika tepkisini belirleyen as\u0131l g\u00f6sterge. Man\u015fet y\u00fcksek, \u00e7ekirdek \u0131l\u0131ml\u0131 gelirse piyasa &#8220;ge\u00e7ici \u015fok&#8221; okumas\u0131 yapar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bar\u0131nma (shelter) kalemi:<\/strong> ABD T\u00dcFE sepetinin en a\u011f\u0131rl\u0131kl\u0131 bile\u015feni ve gecikmeli hareket eden yap\u0131s\u0131yla enflasyonun yap\u0131\u015fkanl\u0131\u011f\u0131n\u0131 belirleyen ana unsur. Bu kalemdeki yava\u015flama, dezenflasyon s\u00fcrecinin s\u00fcrd\u00fc\u011f\u00fcne dair en g\u00fcvenilir sinyaldir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>S\u00fcper \u00e7ekirdek (konut d\u0131\u015f\u0131 hizmet enflasyonu):<\/strong> \u00dccret bask\u0131s\u0131n\u0131 en iyi yans\u0131tan alt kalem. Fed&#8217;in yak\u0131n takibindedir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Enerji alt kalemi:<\/strong> Petroldeki s\u0131\u00e7raman\u0131n veriye ne kadar yans\u0131d\u0131\u011f\u0131n\u0131 ve Eyl\u00fcl verisi i\u00e7in ne kadar birikmi\u015f bask\u0131 kald\u0131\u011f\u0131n\u0131 g\u00f6sterir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Revizyonlar:<\/strong> \u00d6nceki ay verilerindeki revizyonlar bazen man\u015fet rakamdan daha fazla piyasa hareketi yaratabilir.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sonuc_ve_Genel_Degerlendirme\"><\/span>Sonu\u00e7 ve Genel De\u011ferlendirme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cuma g\u00fcnk\u00fc veriye yakla\u015f\u0131rken ak\u0131lda tutulmas\u0131 gereken \u00fc\u00e7 temel \u00e7er\u00e7eve var.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Birincisi, asimetri.<\/strong> Piyasa \u015fahin senaryoya g\u00f6re konumlanm\u0131\u015f durumda. Bu, beklentinin alt\u0131nda gelecek bir verinin, beklentinin \u00fczerinde gelecek bir veriden daha b\u00fcy\u00fck bir hareket \u00fcretme potansiyeli ta\u015f\u0131d\u0131\u011f\u0131 anlam\u0131na gelir. Pozisyonlanman\u0131n yo\u011funla\u015ft\u0131\u011f\u0131 y\u00f6n\u00fcn tersine gelen s\u00fcrprizler her zaman daha sert fiyatlan\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0130kincisi, jeopoliti\u011fin \u00fcst\u00fcnl\u00fc\u011f\u00fc.<\/strong> Petrol ve H\u00fcrm\u00fcz Bo\u011faz\u0131 ekseninde geli\u015fen risk, T\u00dcFE verisinden ba\u011f\u0131ms\u0131z bir \u00fcst katman de\u011fi\u015fken olarak masada duruyor. Veri ne y\u00f6nde \u00e7\u0131karsa \u00e7\u0131ks\u0131n, ayn\u0131 g\u00fcn gelecek bir askeri geli\u015fme veya diplomatik a\u00e7\u0131l\u0131m, t\u00fcm teknik senaryoyu ge\u00e7ersiz k\u0131labilir. Bu nedenle veri sonras\u0131 pozisyonlar\u0131n, makro senaryo do\u011fru \u00e7\u0131ksa dahi haber riski ta\u015f\u0131d\u0131\u011f\u0131 unutulmamal\u0131d\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00dc\u00e7\u00fcnc\u00fcs\u00fc, verinin bir s\u00fcrecin par\u00e7as\u0131 oldu\u011fu.<\/strong> T\u00dcFE, 15-16 Eyl\u00fcl FOMC toplant\u0131s\u0131na giden yolda son b\u00fcy\u00fck veri, ancak tek ba\u015f\u0131na belirleyici de\u011fil. Fed&#8217;in karar\u0131, T\u00dcFE ile birlikte istihdam verilerini, enerji fiyatlar\u0131n\u0131n gidi\u015fat\u0131n\u0131 ve enflasyon beklentilerinin \u00e7\u0131palan\u0131p \u00e7\u0131palanmad\u0131\u011f\u0131n\u0131 bir b\u00fct\u00fcn olarak de\u011ferlendirecek. Cuma g\u00fcn\u00fc olu\u015facak fiyatlaman\u0131n FOMC&#8217;ye kadar korunaca\u011f\u0131n\u0131 varsaymak, bu haftan\u0131n en riskli varsay\u0131m\u0131 olabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6n\u00fcm\u00fczdeki hafta, enflasyon verisi, jeopolitik haber ak\u0131\u015f\u0131 ve Fed ileti\u015fiminin kesi\u015fti\u011fi; y\u00f6n tayininden \u00e7ok volatilite y\u00f6netiminin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 bir d\u00f6nem olarak izlenmeli.<\/p>\n<p style=\"border-left:4px solid #3b82f6;padding:14px 16px;border-radius:6px;color:#cbd5e1;font-weight:normal;line-height:1.6\">\ud83d\udca1 <strong style=\"color:#93c5fd\">Bilgi Notu:<\/strong> \u201c\u0130kincil etki\u201d, ba\u015flang\u0131\u00e7ta tek seferlik g\u00f6r\u00fcnen bir maliyet art\u0131\u015f\u0131n\u0131n zamanla ba\u015fka \u00fcr\u00fcn ve hizmetlere de yay\u0131lmas\u0131 demektir. Yani bir fiyat \u015foku sadece do\u011frudan kalemde kalmaz; ta\u015f\u0131ma, \u00fcretim ve hizmet fiyatlar\u0131n\u0131 da yukar\u0131 itebilir.<\/p><p style=\"border-left:4px solid #eab308;padding:14px 16px;border-radius:6px;color:#cbd5e1;font-weight:normal;line-height:1.6\">\ud83d\udcca <strong style=\"color:#fde047\">Piyasa Etkisi:<\/strong> ABD enflasyon verisi beklentinin \u00fcst\u00fcnde gelirse Fed\u2019in faizleri daha uzun s\u00fcre y\u00fcksek tutaca\u011f\u0131 ya da yeniden s\u0131k\u0131la\u015fmaya gidebilece\u011fi alg\u0131s\u0131 g\u00fc\u00e7lenebilir; bu da dolar ve tahvil faizlerini yukar\u0131, hisse senetleri ve riskli varl\u0131klar\u0131 a\u015fa\u011f\u0131 bask\u0131layabilir. Beklentinin alt\u0131nda bir veri ise tam tersine faiz indirimi beklentilerini yeniden canland\u0131rarak piyasalarda rahatlama yaratabilir.<\/p>","protected":false},"excerpt":{"rendered":"<p>Giri\u015f: S\u0131radan Bir Enflasyon Verisi De\u011fil 11 Eyl\u00fcl Cuma g\u00fcn\u00fc TS\u0130 15:30&#8217;da a\u00e7\u0131klanacak ABD A\u011fustos ay\u0131 T\u00fcketici Fiyat Endeksi verisi,<\/p>\n","protected":false},"author":1,"featured_media":16663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","fxk_merge_backup":"","footnotes":""},"categories":[1],"tags":[76,110],"class_list":["post-16565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-enflasyon","tag-tufe"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/16565","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=16565"}],"version-history":[{"count":2,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/16565\/revisions"}],"predecessor-version":[{"id":16689,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/16565\/revisions\/16689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/16663"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}