{"id":19239,"date":"2026-09-16T22:24:24","date_gmt":"2026-09-16T19:24:24","guid":{"rendered":"https:\/\/fxknews.com\/?p=19239"},"modified":"2026-09-16T22:25:32","modified_gmt":"2026-09-16T19:25:32","slug":"fed-uc-yil-sonra-ilk-kez-faiz-artirdi-altin-kripto-ve-borsalar-icin-yeni-donem-basliyor","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=19239","title":{"rendered":"Fed \u00dc\u00e7 Y\u0131l Sonra \u0130lk Kez Faiz Art\u0131rd\u0131: Alt\u0131n, Kripto ve Borsalar \u0130\u00e7in Yeni D\u00f6nem Ba\u015fl\u0131yor"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>ABD Merkez Bankas\u0131 (Fed), 15-16 Eyl\u00fcl FOMC toplant\u0131s\u0131nda politika faizini 25 baz puan y\u00fckselterek %3,75\u2013%4,00 aral\u0131\u011f\u0131na \u00e7ekti. Karar oybirli\u011fiyle al\u0131nd\u0131 ve 2023&#8217;ten bu yana ilk faiz art\u0131\u015f\u0131 oldu. Kevin Warsh y\u00f6netimindeki Fed, &#8220;enflasyon \u00e7ok y\u00fcksek ve \u00e7ok uzun s\u00fcredir y\u00fcksek&#8221; diyerek \u015fahin bir mesaj verdi. Peki bu karar alt\u0131n\u0131, kripto paray\u0131, borsalar\u0131 ve di\u011fer enstr\u00fcmanlar\u0131 nas\u0131l etkileyecek?<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 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=19239\/#Kararin_Ozeti_Beklenen_Oldu_Ama_Asil_Mesaj_Ileride\" >Karar\u0131n \u00d6zeti: Beklenen Oldu, Ama As\u0131l Mesaj \u0130leride<\/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=19239\/#Faiz_Artirim_Beklentileri_Bu_Yil_Bir_Artis_Daha_Masada\" >Faiz Art\u0131r\u0131m Beklentileri: Bu Y\u0131l Bir Art\u0131\u015f Daha Masada<\/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=19239\/#Piyasalarin_Ilk_Tepkisi_%E2%80%9CAl_Haberi_Sat_Beklentiyi%E2%80%9D_Degil_Tam_Tersi\" >Piyasalar\u0131n \u0130lk Tepkisi: &#8220;Al Haberi, Sat Beklentiyi&#8221; De\u011fil, Tam Tersi<\/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=19239\/#Altin_Iki_Karsit_Gucun_Arasinda\" >Alt\u0131n: \u0130ki Kar\u015f\u0131t G\u00fcc\u00fcn Aras\u0131nda<\/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=19239\/#Kripto_Likidite_Sikisiyor_Ama_Tepki_Simdilik_Sinirli\" >Kripto: Likidite S\u0131k\u0131\u015f\u0131yor, Ama Tepki \u015eimdilik S\u0131n\u0131rl\u0131<\/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=19239\/#Borsalar_Teknoloji_En_Kirilgan_Halka\" >Borsalar: Teknoloji En K\u0131r\u0131lgan Halka<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/fxknews.com\/?p=19239\/#Diger_Enstrumanlar_Dolar_Tahvil_ve_Gelisen_Piyasalar\" >Di\u011fer Enstr\u00fcmanlar: Dolar, Tahvil ve Geli\u015fen Piyasalar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/fxknews.com\/?p=19239\/#Sonuc_Sikilasma_Dongusunun_Yeni_Asamasi\" >Sonu\u00e7: S\u0131k\u0131la\u015fma D\u00f6ng\u00fcs\u00fcn\u00fcn Yeni A\u015famas\u0131<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kararin_Ozeti_Beklenen_Oldu_Ama_Asil_Mesaj_Ileride\"><\/span>Karar\u0131n \u00d6zeti: Beklenen Oldu, Ama As\u0131l Mesaj \u0130leride<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fed, \u00e7ar\u015famba g\u00fcn\u00fc faizi 25 baz puan art\u0131rarak \u00fc\u00e7 y\u0131lda ilk kez s\u0131k\u0131la\u015ft\u0131rmaya gitti ve karar oybirli\u011fiyle al\u0131nd\u0131. Politika yap\u0131c\u0131lar 12&#8217;ye 0&#8217;l\u0131k oylamayla faizi %3,50\u2013%3,75 aral\u0131\u011f\u0131ndan %3,75\u2013%4,00&#8217;e y\u00fckseltti; bu, Temmuz 2023&#8217;ten bu yana ilk art\u0131\u015f ve Fed&#8217;in bu y\u0131l be\u015f toplant\u0131 boyunca faizi sabit tutmas\u0131n\u0131n ard\u0131ndan geldi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Art\u0131\u015f\u0131n arkas\u0131ndaki temel neden inat\u00e7\u0131 enflasyon. A\u011fustos&#8217;ta man\u015fet T\u00dcFE y\u0131ll\u0131k %3,4, \u00e7ekirdek \u00f6l\u00e7\u00fcmler %2,4 seviyesindeydi ve s\u00fcregelen \u0130ran \u00e7at\u0131\u015fmas\u0131ndan kaynaklanan y\u00fcksek enerji fiyatlar\u0131, faiz art\u0131\u015f\u0131 beklentisini g\u00fc\u00e7lendirdi. Fed Ba\u015fkan\u0131 Kevin Warsh, bas\u0131n toplant\u0131s\u0131nda net konu\u015ftu: &#8220;Enflasyonun \u00e7ok y\u00fcksek olmas\u0131 ve \u00e7ok uzun s\u00fcredir b\u00f6yle olmas\u0131 apa\u00e7\u0131k bir ger\u00e7ek.&#8221; Warsh ayr\u0131ca karar\u0131n piyasa hareketlerinden de\u011fil, ekonominin de\u011ferlendirilmesinden kaynakland\u0131\u011f\u0131n\u0131 ve Trump&#8217;\u0131n karar \u00fczerinde etkisi olmad\u0131\u011f\u0131n\u0131 vurgulad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasa a\u00e7\u0131s\u0131ndan kritik olan tek ba\u015f\u0131na faiz art\u0131\u015f\u0131 de\u011fil, <strong>bundan sonras\u0131na dair verilen sinyaldi.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Faiz_Artirim_Beklentileri_Bu_Yil_Bir_Artis_Daha_Masada\"><\/span>Faiz Art\u0131r\u0131m Beklentileri: Bu Y\u0131l Bir Art\u0131\u015f Daha Masada<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Kararla birlikte a\u00e7\u0131klanan g\u00fcncel ekonomik projeksiyonlar (nokta grafik \/ dot plot), bu ad\u0131m\u0131n bir biti\u015f de\u011fil, muhtemelen bir ba\u015flang\u0131\u00e7 oldu\u011funu g\u00f6steriyor. Nokta grafikte medyan \u00fcye, bu y\u0131l i\u00e7in 25 baz puanl\u0131k bir faiz art\u0131\u015f\u0131 daha \u00f6ng\u00f6r\u00fcyor; Fed Ekim ve Aral\u0131k&#8217;ta tekrar toplanacak ve bu toplant\u0131larda ek ad\u0131mlar gelebilir. Medyan projeksiyon ayr\u0131ca faizin gelecek y\u0131l bu seviye civar\u0131nda kalmas\u0131n\u0131 bekliyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Takvim net: Fed&#8217;in 2026&#8217;da kalan iki toplant\u0131s\u0131 27-28 Ekim ve 8-9 Aral\u0131k tarihlerinde. Kurumsal tarafta beklenti de bu y\u00f6nde \u015fekilleniyor; Goldman Sachs ve J.P. Morgan, \u0130ran kaynakl\u0131 petrol \u015foku enflasyonu Fed&#8217;in %2 hedefinin \u00fczerinde tuttu\u011fu i\u00e7in Aral\u0131k&#8217;ta bir art\u0131\u015f daha bekliyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buradaki as\u0131l mant\u0131k \u015fu: Warsh, mevcut faiz seviyesini &#8220;yeterince k\u0131s\u0131tlay\u0131c\u0131 de\u011fil&#8221; olarak tan\u0131ml\u0131yor. Bu tan\u0131m ge\u00e7erliyse, tek bir 25 baz puanl\u0131k ad\u0131m enflasyonu dizginlemeye yetmez ve Eyl\u00fcl, s\u0131k\u0131la\u015ft\u0131rma d\u00f6ng\u00fcs\u00fcn\u00fcn var\u0131\u015f noktas\u0131 de\u011fil kalk\u0131\u015f noktas\u0131d\u0131r. Piyasalar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda fiyatlayaca\u011f\u0131 as\u0131l belirsizlik burada.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Piyasalarin_Ilk_Tepkisi_%E2%80%9CAl_Haberi_Sat_Beklentiyi%E2%80%9D_Degil_Tam_Tersi\"><\/span>Piyasalar\u0131n \u0130lk Tepkisi: &#8220;Al Haberi, Sat Beklentiyi&#8221; De\u011fil, Tam Tersi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0130lgin\u00e7 olan, faiz artmas\u0131na ra\u011fmen risk i\u015ftah\u0131n\u0131n ilk anda pozitif tepki vermesiydi. Fed&#8217;in 25 baz puanl\u0131k art\u0131\u015f\u0131n\u0131n ard\u0131ndan ABD hisseleri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde y\u00fckseldi, Tahvil getirileri ise geriledi. Bunun nedeni basit: art\u0131\u015f zaten fiyatlanm\u0131\u015ft\u0131 ve &#8220;bir art\u0131\u015f daha&#8221; mesaj\u0131, piyasan\u0131n korktu\u011fundan daha agresif \u00e7\u0131kmad\u0131. Belirsizli\u011fin ortadan kalkmas\u0131, k\u0131sa vadede rahatlama getirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ancak zemin k\u0131r\u0131lgan. Ge\u00e7en hafta 10 y\u0131ll\u0131k ABD Hazine tahvili getirisi k\u0131sa s\u00fcreli\u011fine 2024&#8217;ten bu yana ilk kez %5&#8217;e dokundu. Y\u00fckselen getiri ortam\u0131, t\u00fcm risk varl\u0131klar\u0131 i\u00e7in arka planda s\u00fcregelen bir bask\u0131 unsuru olmaya devam ediyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Altin_Iki_Karsit_Gucun_Arasinda\"><\/span>Alt\u0131n: \u0130ki Kar\u015f\u0131t G\u00fcc\u00fcn Aras\u0131nda<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Klasik teoriye g\u00f6re faiz art\u0131\u015f\u0131 alt\u0131n i\u00e7in olumsuzdur; \u00e7\u00fcnk\u00fc getirisi olmayan alt\u0131n, faiz getiren varl\u0131klar kar\u015f\u0131s\u0131nda cazibesini yitirir ve g\u00fc\u00e7lenen dolar ons fiyat\u0131n\u0131 bask\u0131lar. Y\u00fckselen reel getiriler, alt\u0131n\u0131n en b\u00fcy\u00fck rakibidir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fakat bu d\u00f6ng\u00fcde tablo tek y\u00f6nl\u00fc de\u011fil. Faiz art\u0131\u015f\u0131n\u0131n nedeni olan jeopolitik gerilim (\u0130ran \u00e7at\u0131\u015fmas\u0131) ve inat\u00e7\u0131 enflasyon, ayn\u0131 zamanda alt\u0131n\u0131n g\u00fcvenli liman ve enflasyon koruna\u011f\u0131 olarak talebini canl\u0131 tutuyor. Yani alt\u0131n, bir yandan y\u00fcksek faiz\/g\u00fc\u00e7l\u00fc dolar bask\u0131s\u0131na maruz kal\u0131rken, di\u011fer yandan jeopolitik risk primiyle destekleniyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kritik e\u015fik, Fed&#8217;in \u015fahin tonunun ne kadar s\u00fcrece\u011fi. E\u011fer Aral\u0131k&#8217;ta ikinci art\u0131\u015f kesinle\u015fir ve reel getiriler kal\u0131c\u0131 olarak y\u00fckselirse, alt\u0131n sat\u0131\u015f bask\u0131s\u0131 g\u00f6r\u00fcr. Buna kar\u015f\u0131l\u0131k jeopolitik risk t\u0131rman\u0131r ya da Fed&#8217;in enflasyonu dizginlemede geride kald\u0131\u011f\u0131 alg\u0131s\u0131 g\u00fc\u00e7lenirse, alt\u0131n bu ortamda dahi yukar\u0131 y\u00f6n\u00fcn\u00fc koruyabilir. K\u0131sa vadede bant hareketi, orta vadede jeopolitik ba\u015fl\u0131klar\u0131n y\u00f6n\u00fc belirleyici olacak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kripto_Likidite_Sikisiyor_Ama_Tepki_Simdilik_Sinirli\"><\/span>Kripto: Likidite S\u0131k\u0131\u015f\u0131yor, Ama Tepki \u015eimdilik S\u0131n\u0131rl\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Kripto, makro likiditeye en duyarl\u0131 varl\u0131k s\u0131n\u0131flar\u0131ndan biri. Faiz art\u0131\u015f\u0131, sistemdeki likiditeyi s\u0131k\u0131la\u015ft\u0131r\u0131r, bor\u00e7lanma maliyetini y\u00fckseltir ve spek\u00fclatif\/risk i\u015ftah\u0131n\u0131 t\u00f6rp\u00fcler; bu, teorik olarak Bitcoin ve altcoinler i\u00e7in bir r\u00fczg\u00e2r kar\u015f\u0131dan eser demektir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ne var ki ilk tepki olduk\u00e7a \u00f6l\u00e7\u00fcl\u00fc oldu. Fed&#8217;in faizi 25 baz puan art\u0131rmas\u0131n\u0131n ard\u0131ndan kripto fiyatlar\u0131 anl\u0131k olarak s\u0131n\u0131rl\u0131 tepki verdi; b\u00fcy\u00fck tokenlar saatlik bazda neredeyse yatay seyretti. Bunun sebebi yine fiyatlama: art\u0131\u015f s\u00fcrpriz de\u011fildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kripto taraf\u0131nda as\u0131l belirleyici olacak fakt\u00f6rler \u015funlar:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Likidite y\u00f6n\u00fc \u2014<\/strong> Fed&#8217;in bilan\u00e7o ve faiz patikas\u0131 geni\u015flemeye de\u011fil s\u0131k\u0131la\u015fmaya i\u015faret etti\u011fi s\u00fcrece, kripto i\u00e7in sermaye giri\u015fi zorla\u015f\u0131r. Aral\u0131k&#8217;ta ikinci art\u0131\u015f, risk i\u015ftah\u0131n\u0131 daha da daraltabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dolar ve reel getiri \u2014<\/strong> G\u00fc\u00e7l\u00fc dolar ve y\u00fckselen tahvil getirileri, Bitcoin&#8217;in &#8220;getirisiz risk varl\u0131\u011f\u0131&#8221; konumunu zorlar. Getiri arayan sermaye, sabit getirili enstr\u00fcmanlara kayabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ayr\u0131\u015fma potansiyeli \u2014<\/strong> Bitcoin&#8217;in &#8220;dijital alt\u0131n \/ enflasyon koruna\u011f\u0131&#8221; anlat\u0131s\u0131 \u00f6ne \u00e7\u0131karsa, kripto makro bask\u0131ya ra\u011fmen ayr\u0131\u015fabilir. Ancak bu anlat\u0131 hen\u00fcz her d\u00f6ng\u00fcde tutarl\u0131 \u00e7al\u0131\u015fm\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6zetle: Bant \u00fcst\u00fcnde tutunma kritik. Makro s\u0131k\u0131la\u015fma s\u00fcrerken kripto i\u00e7in temkinli, veri odakl\u0131 bir duru\u015f mant\u0131kl\u0131; agresif kald\u0131ra\u00e7 bu ortamda risklidir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Borsalar_Teknoloji_En_Kirilgan_Halka\"><\/span>Borsalar: Teknoloji En K\u0131r\u0131lgan Halka<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Faiz art\u0131\u015f\u0131n\u0131n hisse senetleri \u00fczerindeki etkisi cephe cephe farkl\u0131la\u015f\u0131yor. Y\u00fckselen faiz, gelecekteki nakit ak\u0131\u015flar\u0131n\u0131n bug\u00fcnk\u00fc de\u011ferini d\u00fc\u015f\u00fcr\u00fcr; bu da en \u00e7ok <strong>y\u00fcksek de\u011ferlemeli, b\u00fcy\u00fcme odakl\u0131 teknoloji hisselerini<\/strong> vurur. Nokta grafikteki art\u0131\u015f sinyali, \u00f6zellikle teknoloji hisse de\u011ferlemelerini s\u0131k\u0131\u015ft\u0131rma tehdidi ta\u015f\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buna kar\u015f\u0131l\u0131k:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bankalar\/finans \u2014<\/strong> Y\u00fckselen faiz ortam\u0131 marjlar i\u00e7in genelde olumludur, ancak faiz belirsizli\u011fi ayn\u0131 zamanda kredi ve anla\u015fma aktivitesini dondurarak bask\u0131 yaratabilir. Nitekim faiz belirsizli\u011finin anla\u015fma aktivitesini dondurmas\u0131, son d\u00f6nemde b\u00fcy\u00fck bankac\u0131l\u0131k hisselerinde sat\u0131\u015f bask\u0131s\u0131na yol a\u00e7t\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>De\u011fer \/ temett\u00fc hisseleri \u2014<\/strong> Savunmac\u0131 sekt\u00f6rler, y\u00fcksek faiz ortam\u0131nda b\u00fcy\u00fcme hisselerine g\u00f6re g\u00f6rece dayan\u0131kl\u0131 kalma e\u011filimindedir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0130lk tepkinin pozitif olmas\u0131 aldat\u0131c\u0131 olmamal\u0131; as\u0131l s\u0131nav, faiz d\u00f6ng\u00fcs\u00fcn\u00fcn derinli\u011fi ve \u015firket k\u00e2rlar\u0131n\u0131n bu ortama uyum sa\u011flay\u0131p sa\u011flayamayaca\u011f\u0131 olacak. Aral\u0131k&#8217;taki olas\u0131 ikinci art\u0131\u015f, teknoloji a\u011f\u0131rl\u0131kl\u0131 endekslerde volatiliteyi art\u0131rabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Diger_Enstrumanlar_Dolar_Tahvil_ve_Gelisen_Piyasalar\"><\/span>Di\u011fer Enstr\u00fcmanlar: Dolar, Tahvil ve Geli\u015fen Piyasalar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dolar (DXY) \u2014<\/strong> Faiz art\u0131\u015f\u0131 ve \u015fahin ton, dolar\u0131 teorik olarak destekler. Ancak &#8220;bir art\u0131\u015f daha&#8221; mesaj\u0131n\u0131n beklenenden agresif \u00e7\u0131kmamas\u0131, dolar\u0131n y\u00fckseli\u015fini \u015fimdilik s\u0131n\u0131rlad\u0131. Y\u00f6n, Aral\u0131k beklentilerinin nas\u0131l fiyatlanaca\u011f\u0131na ba\u011fl\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tahviller \u2014<\/strong> K\u0131sa vadeli getiriler faiz karar\u0131na en duyarl\u0131 k\u0131s\u0131md\u0131r ve yukar\u0131 y\u00f6nl\u00fc bask\u0131 alt\u0131nda. 10 y\u0131ll\u0131kta %5 e\u015fi\u011fi psikolojik bir s\u0131n\u0131r; bu seviyenin \u00fczerinde kal\u0131c\u0131l\u0131k, t\u00fcm varl\u0131k s\u0131n\u0131flar\u0131nda yeniden fiyatlama getirir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Emtia \/ petrol \u2014<\/strong> Enflasyonun kayna\u011f\u0131 olan enerji fiyatlar\u0131, bu d\u00f6ng\u00fcde hem sebep hem sonu\u00e7. \u0130ran kaynakl\u0131 arz endi\u015fesi s\u00fcrd\u00fck\u00e7e petrol y\u00fcksek kal\u0131r, bu da Fed&#8217;i \u015fahin tutar \u2014 kendini besleyen bir d\u00f6ng\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Geli\u015fen piyasalar ve TL \u2014<\/strong> G\u00fc\u00e7l\u00fc dolar ve y\u00fckselen ABD getirileri, geli\u015fen piyasa para birimleri \u00fczerinde bask\u0131 unsuru. Sermaye, g\u00fcvenli ve y\u00fcksek getirili ABD varl\u0131klar\u0131na y\u00f6neldik\u00e7e, geli\u015fen piyasalardan \u00e7\u0131k\u0131\u015f riski artar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sonuc_Sikilasma_Dongusunun_Yeni_Asamasi\"><\/span>Sonu\u00e7: S\u0131k\u0131la\u015fma D\u00f6ng\u00fcs\u00fcn\u00fcn Yeni A\u015famas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fed&#8217;in bu karar\u0131, tek bir faiz art\u0131\u015f\u0131ndan fazlas\u0131n\u0131 ifade ediyor: 2023&#8217;ten bu yana ilk kez y\u00f6n de\u011fi\u015fti ve merkez bankas\u0131 enflasyonla m\u00fccadelede yeniden \u00f6n saflara ge\u00e7ti. Piyasalar\u0131n \u00f6n\u00fcm\u00fczdeki d\u00f6nemde odaklanaca\u011f\u0131 \u00fc\u00e7 ba\u015fl\u0131k net:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Aral\u0131k toplant\u0131s\u0131 \u2014<\/strong> \u0130kinci art\u0131\u015f gelecek mi? Nokta grafik &#8220;evet&#8221; diyor, ama veriler belirleyecek.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Enflasyon ve enerji \u2014<\/strong> \u0130ran \u00e7at\u0131\u015fmas\u0131 ve petrol fiyatlar\u0131 enflasyonu y\u00fcksek tuttuk\u00e7a, Fed&#8217;in eli \u015fahin kal\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reel getiriler ve dolar \u2014<\/strong> Bu ikilinin y\u00f6n\u00fc, alt\u0131ndan kriptoya, borsalardan geli\u015fen piyasalara kadar her enstr\u00fcman\u0131n kaderini belirleyecek.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu ortamda kalabal\u0131\u011fa de\u011fil veriye bakan, kald\u0131ra\u00e7ta temkinli, jeopolitik ba\u015fl\u0131klar\u0131 yak\u0131ndan takip eden bir yakla\u015f\u0131m \u00f6ne \u00e7\u0131k\u0131yor. Fed sahaya d\u00f6nd\u00fc ve oyunun kurallar\u0131 de\u011fi\u015fti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Bu i\u00e7erik yat\u0131r\u0131m tavsiyesi de\u011fildir; genel piyasa de\u011ferlendirmesidir.<\/em><\/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> \u201cNokta grafik\u201d, Fed yetkililerinin gelecek toplant\u0131larda faizin nereye gidebilece\u011fine dair bireysel beklentilerini nokta nokta g\u00f6steren bir \u00f6ng\u00f6r\u00fc tablosudur. \u201cBaz puan\u201d ise faiz oran\u0131ndaki k\u00fc\u00e7\u00fck de\u011fi\u015fimi anlat\u0131r; 25 baz puan, faizin 0,25 puan artmas\u0131 demektir.<\/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> Faiz art\u0131\u015f\u0131 ve \u015fahin mesaj, dolar i\u00e7in destekleyici; alt\u0131n ve kripto gibi faiz duyarl\u0131 varl\u0131klar i\u00e7in ise bask\u0131lay\u0131c\u0131 olabilir. Tahvil getirilerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131, hisse senetlerinde \u00f6zellikle b\u00fcy\u00fcme ve teknoloji taraf\u0131nda oynakl\u0131\u011f\u0131 art\u0131rabilir.<\/p>","protected":false},"excerpt":{"rendered":"<p>ABD Merkez Bankas\u0131 (Fed), 15-16 Eyl\u00fcl FOMC toplant\u0131s\u0131nda politika faizini 25 baz puan y\u00fckselterek %3,75\u2013%4,00 aral\u0131\u011f\u0131na \u00e7ekti. Karar oybirli\u011fiyle al\u0131nd\u0131<\/p>\n","protected":false},"author":1,"featured_media":19240,"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":[26],"class_list":["post-19239","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\/19239","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=19239"}],"version-history":[{"count":3,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/19239\/revisions"}],"predecessor-version":[{"id":19243,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/19239\/revisions\/19243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/19240"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}