{"id":19864,"date":"2026-09-18T11:30:00","date_gmt":"2026-09-18T08:30:00","guid":{"rendered":"https:\/\/fxknews.com\/?p=19864"},"modified":"2026-09-18T11:30:31","modified_gmt":"2026-09-18T08:30:31","slug":"fedin-oybirligiyle-faiz-artirmasi-enflasyonun-ne-kadar-surecegi-tartismasini-alevlendirdi","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=19864","title":{"rendered":"Fed\u2019in Oybirli\u011fiyle Faiz Art\u0131rmas\u0131 Enflasyonun Ne Kadar S\u00fcrece\u011fi Tart\u0131\u015fmas\u0131n\u0131 Alevlendirdi"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">ABD Merkez Bankas\u0131\u2019n\u0131n Eyl\u00fcl toplant\u0131s\u0131nda <strong>12-0 oyla 25 baz puan faiz art\u0131rmas\u0131<\/strong>, yaln\u0131zca para politikas\u0131n\u0131n y\u00f6n\u00fc a\u00e7\u0131s\u0131ndan de\u011fil, y\u00fcksek enflasyonun ne kadar s\u00fcre devam edebilece\u011fi konusunda da yeni bir tart\u0131\u015fma ba\u015flatt\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fed, politika faizini <strong>%3,75-%4,00 aral\u0131\u011f\u0131na<\/strong> y\u00fckselterek 2023\u2019ten bu yana ilk faiz art\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirdi. Karar\u0131n oybirli\u011fiyle al\u0131nmas\u0131 ise Fed \u00fcyeleri aras\u0131nda enflasyonla m\u00fccadele konusunda g\u00fc\u00e7l\u00fc bir ortak g\u00f6r\u00fc\u015f bulundu\u011funa i\u015faret etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ancak piyasan\u0131n dikkat etti\u011fi temel konu faiz art\u0131\u015f\u0131ndan \u00e7ok, <strong>y\u00fcksek enflasyonun kal\u0131c\u0131l\u0131\u011f\u0131 ve Fed\u2019in buna nas\u0131l kar\u015f\u0131l\u0131k verece\u011fi<\/strong> oldu.<\/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=19864\/#ENFLASYON_FEDIN_ONCELIGI_OLMAYA_DEVAM_EDIYOR\" >ENFLASYON FED&#8217;\u0130N \u00d6NCEL\u0130\u011e\u0130 OLMAYA DEVAM ED\u0130YOR<\/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=19864\/#%E2%80%9CYUKSEK_ENFLASYON_NE_KADAR_SURECEK%E2%80%9D\" >\u201cY\u00dcKSEK ENFLASYON NE KADAR S\u00dcRECEK?\u201d<\/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=19864\/#FEDIN_2026_SONU_MESAJI\" >FED&#8217;\u0130N 2026 SONU MESAJI<\/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=19864\/#PIYASALAR_ICIN_KRITIK_DENGE\" >P\u0130YASALAR \u0130\u00c7\u0130N KR\u0130T\u0130K DENGE<\/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=19864\/#ALTIN_BITCOIN_VE_BORSALAR_ICIN_YENI_DENKLEM\" >ALTIN, B\u0130TCO\u0130N VE BORSALAR \u0130\u00c7\u0130N YEN\u0130 DENKLEM<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ENFLASYON_FEDIN_ONCELIGI_OLMAYA_DEVAM_EDIYOR\"><\/span>ENFLASYON FED&#8217;\u0130N \u00d6NCEL\u0130\u011e\u0130 OLMAYA DEVAM ED\u0130YOR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fed&#8217;in yeni projeksiyonlar\u0131, enflasyonun hedeflenen %2 seviyesine d\u00f6n\u00fc\u015f\u00fcn\u00fcn hen\u00fcz tamamlanmad\u0131\u011f\u0131n\u0131 ortaya koyuyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026 y\u0131l\u0131 i\u00e7in PCE enflasyon beklentisi <strong>%3,7<\/strong>, \u00e7ekirdek PCE beklentisi ise <strong>%3,4<\/strong> seviyesinde bulunuyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu rakamlar, Fed&#8217;in fiyat bask\u0131lar\u0131n\u0131n ge\u00e7ici bir sorun olmaktan \u00e7\u0131k\u0131p daha uzun s\u00fcre ekonominin \u00fczerinde kalabilece\u011fi riskini yak\u0131ndan takip etti\u011fini g\u00f6steriyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6zellikle enerji fiyatlar\u0131ndaki y\u00fckseli\u015f, enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc daha karma\u015f\u0131k hale getiriyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%9CYUKSEK_ENFLASYON_NE_KADAR_SURECEK%E2%80%9D\"><\/span>\u201cY\u00dcKSEK ENFLASYON NE KADAR S\u00dcRECEK?\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasalardaki temel tart\u0131\u015fma art\u0131k yaln\u0131zca Fed&#8217;in faiz art\u0131r\u0131p art\u0131rmayaca\u011f\u0131 de\u011fil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As\u0131l soru:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Y\u00fcksek enflasyon ne kadar s\u00fcre kal\u0131c\u0131 olacak ve Fed bunu kontrol alt\u0131na almak i\u00e7in ne kadar daha s\u0131k\u0131la\u015fmak zorunda kalacak?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enflasyonun y\u00fcksek kalmaya devam etmesi, faizlerin daha uzun s\u00fcre y\u00fcksek seviyelerde tutulmas\u0131 anlam\u0131na gelebilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu durum \u00f6zellikle tahvil piyasas\u0131 a\u00e7\u0131s\u0131ndan \u00f6nem ta\u015f\u0131yor. Uzun vadeli tahvil getirilerinin y\u00fcksek kalmas\u0131, \u015firketlerin finansman maliyetlerini ve yat\u0131r\u0131m kararlar\u0131n\u0131 etkileyebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FEDIN_2026_SONU_MESAJI\"><\/span>FED&#8217;\u0130N 2026 SONU MESAJI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yeni Dot Plot, 2026 sonunda federal fonlama faizinin medyan olarak <strong>%4,1<\/strong> seviyesinde g\u00f6r\u00fclmesine i\u015faret ediyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mevcut faiz aral\u0131\u011f\u0131n\u0131n %3,75-%4,00 olmas\u0131 nedeniyle bu tahmin, y\u0131l sonuna kadar <strong>yakla\u015f\u0131k 25 baz puanl\u0131k ek faiz art\u0131\u015f\u0131 ihtimalinin<\/strong> masada kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ancak Dot Plot bir politika taahh\u00fcd\u00fc de\u011fil. Fed \u00fcyelerinin ekonomik beklentilerine dayan\u0131yor ve enflasyon, istihdam ve b\u00fcy\u00fcme verilerindeki de\u011fi\u015fimlere g\u00f6re g\u00fcncellenebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PIYASALAR_ICIN_KRITIK_DENGE\"><\/span>P\u0130YASALAR \u0130\u00c7\u0130N KR\u0130T\u0130K DENGE<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fed&#8217;in kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu temel problem, enflasyon ile ekonomik b\u00fcy\u00fcme aras\u0131ndaki dengeyi korumak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Faizlerin y\u00fcksek tutulmas\u0131 enflasyon bask\u0131s\u0131n\u0131 azaltabilir ancak ayn\u0131 zamanda kredi ko\u015fullar\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rarak ekonomik aktiviteyi yava\u015flatabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buna kar\u015f\u0131l\u0131k erken bir gev\u015feme, fiyat bask\u0131lar\u0131n\u0131n yeniden g\u00fc\u00e7lenmesine neden olabilecek bir risk olu\u015fturabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu nedenle \u00f6n\u00fcm\u00fczdeki d\u00f6nemde <strong>enflasyon, petrol fiyatlar\u0131, istihdam, tahvil getirileri ve t\u00fcketici harcamalar\u0131<\/strong> Fed&#8217;in politika patikas\u0131n\u0131 belirleyecek temel g\u00f6stergeler aras\u0131nda yer alacak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ALTIN_BITCOIN_VE_BORSALAR_ICIN_YENI_DENKLEM\"><\/span>ALTIN, B\u0130TCO\u0130N VE BORSALAR \u0130\u00c7\u0130N YEN\u0130 DENKLEM<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fed&#8217;in oybirli\u011fiyle faiz art\u0131rmas\u0131, para politikas\u0131nda enflasyonla m\u00fccadelenin yeniden \u00f6n plana \u00e7\u0131kt\u0131\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">E\u011fer enflasyon y\u00fcksek kal\u0131r ve faizlerin daha uzun s\u00fcre y\u00fcksek tutulmas\u0131 gerekirse, y\u00fcksek tahvil getirileri ve g\u00fc\u00e7l\u00fc dolar k\u00fcresel riskli varl\u0131klar \u00fczerinde bask\u0131 olu\u015fturabilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu nedenle \u00f6n\u00fcm\u00fczdeki d\u00f6nemde piyasalar yaln\u0131zca <strong>\u201cFed bir sonraki toplant\u0131da ne yapacak?\u201d<\/strong> sorusuna de\u011fil, ayn\u0131 zamanda <strong>\u201cy\u00fcksek enflasyon ne kadar s\u00fcre devam edecek?\u201d<\/strong> sorusuna odaklanacak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eyl\u00fcl toplant\u0131s\u0131n\u0131n ard\u0131ndan Fed&#8217;in \u00f6n\u00fcndeki temel denklem art\u0131k daha net:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Enflasyonu kontrol alt\u0131na almak, ancak bunu ekonomiyi gere\u011finden fazla yava\u015flatmadan yapmak.<\/strong><\/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> \u201cDot Plot\u201d, Fed yetkililerinin faiz i\u00e7in nerede durabileceklerine dair yapt\u0131klar\u0131 nokta grafikli tahmin \u00f6zetidir; kesin karar de\u011fil, beklenti haritas\u0131 gibi d\u00fc\u015f\u00fcn\u00fcl\u00fcr. \u201cPCE enflasyonu\u201d ise t\u00fcketicilerin harcamalar\u0131n\u0131 \u00f6l\u00e7en daha geni\u015f bir fiyat g\u00f6stergesidir ve Fed bunu enflasyon takibinde yak\u0131ndan izler.<\/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> Faizlerin daha uzun s\u00fcre y\u00fcksek kalabilece\u011fi mesaj\u0131, dolar ve tahvil getirilerini destekleyebilir. Bu da alt\u0131n, Bitcoin ve hisse senetleri gibi riskli varl\u0131klar \u00fczerinde bask\u0131 yaratabilir; \u00f6zellikle b\u00fcy\u00fcmeye duyarl\u0131 sekt\u00f6rlerde dalgalanma artabilir.<\/p>","protected":false},"excerpt":{"rendered":"<p>ABD Merkez Bankas\u0131\u2019n\u0131n Eyl\u00fcl toplant\u0131s\u0131nda 12-0 oyla 25 baz puan faiz art\u0131rmas\u0131, yaln\u0131zca para politikas\u0131n\u0131n y\u00f6n\u00fc a\u00e7\u0131s\u0131ndan de\u011fil, y\u00fcksek enflasyonun<\/p>\n","protected":false},"author":1,"featured_media":19865,"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":[],"class_list":["post-19864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/19864","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=19864"}],"version-history":[{"count":2,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/19864\/revisions"}],"predecessor-version":[{"id":20019,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/19864\/revisions\/20019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/19865"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}