A1 Capital’in g\u00fcnl\u00fck b\u00fclteninde, Fed’in politika faizini sabit b\u0131rakmas\u0131na kar\u015f\u0131n \u00fc\u00e7 Federal A\u00e7\u0131k Piyasa Komitesi (FOMC) \u00fcyesinin 25 baz puan faiz art\u0131r\u0131m\u0131 y\u00f6n\u00fcnde oy kulland\u0131\u011f\u0131 belirtildi. Fed’in a\u00e7\u0131klamas\u0131nda ABD ekonomisinin g\u00fc\u00e7l\u00fc, i\u015f g\u00fcc\u00fc piyasas\u0131n\u0131n ise istikrarl\u0131 olarak de\u011ferlendirildi\u011fi, buna kar\u015f\u0131l\u0131k enflasyonun halen y\u00fczde 2 hedefinin \u00fczerinde seyretti\u011fi ve \u00f6zellikle enerji kaynakl\u0131 arz \u015foklar\u0131n\u0131n fiyat bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fcn vurguland\u0131\u011f\u0131 ifade edildi.<\/p>\n
Raporda, Fed’in temel mesaj\u0131n\u0131n ekonominin resesyona girmedi\u011fi, i\u015f g\u00fcc\u00fc piyasas\u0131nda ciddi bir bozulma g\u00f6r\u00fclmedi\u011fi, ancak enflasyonla m\u00fccadelenin hen\u00fcz tamamlanmad\u0131\u011f\u0131 y\u00f6n\u00fcnde oldu\u011fu aktar\u0131ld\u0131. Fed’in enflasyon hedefinden geri ad\u0131m atmad\u0131\u011f\u0131 ve erken faiz indirimi konusunda istekli olmad\u0131\u011f\u0131 belirtildi.<\/p>\n
Karar\u0131n oybirli\u011fiyle al\u0131nmamas\u0131n\u0131n en dikkat \u00e7ekici geli\u015fmelerden biri oldu\u011funa i\u015faret edilen raporda, \u00fc\u00e7 Fed \u00fcyesinin faiz art\u0131r\u0131m\u0131 y\u00f6n\u00fcnde oy kullanmas\u0131n\u0131n, komite i\u00e7inde enflasyon konusunda \u015fahin yakla\u015f\u0131m\u0131n g\u00fc\u00e7l\u00fc \u015fekilde varl\u0131\u011f\u0131n\u0131 korudu\u011funu g\u00f6sterdi\u011fi ifade edildi. Bu durumun, piyasalarda olu\u015fan “Fed’in tamamen faiz indirimine odakland\u0131\u011f\u0131” beklentisini zay\u0131flatt\u0131\u011f\u0131 kaydedildi.<\/p>\n
Raporda, Fed Ba\u015fkan\u0131 Kevin Warsh’\u0131n bas\u0131n toplant\u0131s\u0131nda enflasyon hedefinin de\u011fi\u015fmedi\u011fini ve hedefin y\u00fczde 2 olmaya devam etti\u011fini vurgulad\u0131\u011f\u0131 belirtildi. Warsh’\u0131n, bundan sonraki s\u00fcre\u00e7te piyasalara \u00f6nceden y\u00f6nlendirme yapmak istemediklerini ve her toplant\u0131da a\u00e7\u0131klanacak ekonomik verilere g\u00f6re karar al\u0131naca\u011f\u0131n\u0131 ifade etti\u011fi aktar\u0131ld\u0131.<\/p>\n
Piyasalar\u0131n ilk etapta Fed’in a\u00e7\u0131klamalar\u0131n\u0131 \u015fahin olarak de\u011ferlendirdi\u011fi belirtilen raporda, ABD tahvil faizlerinde s\u0131n\u0131rl\u0131 y\u00fckseli\u015f g\u00f6r\u00fcld\u00fc\u011f\u00fc, dolar\u0131n ilk a\u015famada destek buldu\u011fu ancak Fed’in faiz art\u0131rmamas\u0131 nedeniyle y\u00fckseli\u015fin s\u0131n\u0131rl\u0131 kald\u0131\u011f\u0131 ifade edildi. Raporda, ABD borsalar\u0131nda karar\u0131n ard\u0131ndan ilk dakikalarda dalgalanma ya\u015fand\u0131\u011f\u0131 ve \u00f6zellikle teknoloji hisselerinde sat\u0131\u015flar\u0131n g\u00f6r\u00fcld\u00fc\u011f\u00fc belirtildi. Fed’in ekonomiye ili\u015fkin g\u00fc\u00e7l\u00fc de\u011ferlendirmesinin ard\u0131ndan sat\u0131\u015flar\u0131n \u00f6nemli \u00f6l\u00e7\u00fcde toparland\u0131\u011f\u0131, yat\u0131r\u0131mc\u0131lar\u0131n ekonomik b\u00fcy\u00fcmenin s\u00fcrd\u00fc\u011f\u00fc ve \u015firket karl\u0131l\u0131klar\u0131n\u0131n bozulmad\u0131\u011f\u0131, ancak faizlerin beklenenden daha uzun s\u00fcre y\u00fcksek kalabilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc benimsedi\u011fi aktar\u0131ld\u0131.<\/p>\n
Fed’in a\u00e7\u0131klamalar\u0131n\u0131n alt\u0131n ve g\u00fcm\u00fc\u015f fiyatlar\u0131nda g\u00fc\u00e7l\u00fc y\u00fckseli\u015fi s\u0131n\u0131rland\u0131rd\u0131\u011f\u0131 belirtilen raporda, faiz indirimi beklentilerinin \u00f6telenmesinin de\u011ferli metaller \u00fczerinde bask\u0131 olu\u015fturdu\u011fu ifade edildi. Bununla birlikte jeopolitik riskler ve olas\u0131 ekonomik yava\u015flaman\u0131n bu bask\u0131y\u0131 dengeleyebilece\u011fi, bu nedenle sert tek y\u00f6nl\u00fc hareket yerine dalgal\u0131 seyrin daha olas\u0131 oldu\u011fu kaydedildi.<\/p>\n
Raporda, bundan sonraki s\u00fcre\u00e7te \u00e7ekirdek PCE enflasyonu, tar\u0131m d\u0131\u015f\u0131 istihdam, i\u015fsizlik oran\u0131, \u00fccret art\u0131\u015flar\u0131 ve ISM verilerinin Fed’in bir sonraki toplant\u0131s\u0131nda alaca\u011f\u0131 karar a\u00e7\u0131s\u0131ndan belirleyici olaca\u011f\u0131 belirtildi. Enflasyonun yeniden y\u00fckselmesi veya enerji fiyatlar\u0131ndaki art\u0131\u015f\u0131n fiyatlara daha fazla yans\u0131mas\u0131 halinde Fed’in faizleri uzun s\u00fcre y\u00fcksek tutabilece\u011fi, hatta yeniden faiz art\u0131r\u0131m\u0131 se\u00e7ene\u011finin g\u00fcndeme gelebilece\u011fi ifade edildi. Buna kar\u015f\u0131l\u0131k enflasyonun belirgin \u015fekilde gerilemesi ve i\u015f g\u00fcc\u00fc piyasas\u0131nda so\u011fuman\u0131n h\u0131zlanmas\u0131 durumunda y\u0131l\u0131n son \u00e7eyre\u011finde faiz indirimi beklentilerinin yeniden g\u00fc\u00e7lenebilece\u011fi aktar\u0131ld\u0131.<\/p>\n
Raporda, Fed’in piyasalara yak\u0131n d\u00f6nemde faiz indirimi mesaj\u0131 vermedi\u011fi, aksine enflasyon konusunda temkinli duru\u015funu koruyarak gerekirse s\u0131k\u0131 para politikas\u0131n\u0131 uzun s\u00fcre s\u00fcrd\u00fcrebilece\u011fi mesaj\u0131n\u0131 verdi\u011fi belirtildi. Bu g\u00f6r\u00fcn\u00fcm\u00fcn \u00f6n\u00fcm\u00fczdeki aylarda piyasalar\u0131n makroekonomik verilere daha hassas tepki vermesine neden olaca\u011f\u0131, \u00f6zellikle tahvil faizleri, dolar\u0131n y\u00f6n\u00fc ve alt\u0131n fiyatlar\u0131n\u0131n a\u00e7\u0131klanacak enflasyon ve istihdam verileri do\u011frultusunda \u015fekillenece\u011fi ifade edildi.<\/p>\n
Fed toplant\u0131s\u0131n\u0131n ard\u0131ndan piyasalardaki bak\u0131\u015f a\u00e7\u0131s\u0131n\u0131n de\u011fi\u015fti\u011fine dikkat \u00e7ekilen raporda, daha \u00f6nce yat\u0131r\u0131mc\u0131lar\u0131n ilk faiz indiriminin zamanlamas\u0131na odaklan\u0131rken, toplant\u0131 sonras\u0131nda faizlerin ne kadar s\u00fcre y\u00fcksek kalaca\u011f\u0131 sorusunun \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 ve bu de\u011fi\u015fimin t\u00fcm varl\u0131k s\u0131n\u0131flar\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli oldu\u011fu de\u011ferlendirildi.<\/p>\n
<\/strong> \u0130stanbul, 30 Temmuz (Hibya) \u2013 A1 Capital, g\u00fcnl\u00fck b\u00fclteninde ABD Merkez Bankas\u0131’n\u0131n (Fed) politika faizini beklentilere paralel olarak y\u00fczde 3,50-3,75 aral\u0131\u011f\u0131nda sabit b\u0131rakt\u0131\u011f\u0131n\u0131, ancak karar\u0131n oybirli\u011fiyle al\u0131nmamas\u0131n\u0131n enflasyon konusunda komite i\u00e7inde g\u00f6r\u00fc\u015f ayr\u0131l\u0131klar\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fcne i\u015faret etti\u011fini duyurdu.<\/p>\n","protected":false},"author":1,"featured_media":123602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1,9],"tags":[],"class_list":["post-123601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/123601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=123601"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/123601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/123602"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=123601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=123601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=123601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"