Trive Yat\u0131r\u0131m taraf\u0131ndan yay\u0131mlanan piyasa notu analizine g\u00f6re, piyasalar son a\u00e7\u0131klanan a\u011fustos enflasyon verilerinin ard\u0131ndan Fed\u2019in faiz art\u0131r\u0131m\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 y\u00fczde 86 seviyesinde fiyatl\u0131yor. Fed politikas\u0131na en duyarl\u0131 vade olan 2 y\u0131ll\u0131k tahvil getirisi y\u00fczde 4,62 seviyesinde bulunurken, ABD 10 y\u0131ll\u0131k tahvil faizi y\u00fczde 5 s\u0131n\u0131r\u0131na dayanm\u0131\u015f durumda. Bu nedenle faiz art\u0131r\u0131m\u0131n\u0131n mevcut fiyatlamalar\u0131n i\u00e7inde yer ald\u0131\u011f\u0131 belirtiliyor.<\/p>\n
\u00c7ar\u015famba g\u00fcn\u00fc piyasalar\u0131 as\u0131l hareket ettirecek unsurun karar\u0131n kendisinden \u00e7ok, Fed\u2019in bu art\u0131r\u0131m\u0131 tek seferlik bir d\u00fczeltme olarak m\u0131 g\u00f6rd\u00fc\u011f\u00fc yoksa yeni bir s\u0131k\u0131la\u015fma d\u00f6ng\u00fcs\u00fcn\u00fcn ba\u015flang\u0131c\u0131 olarak m\u0131 \u00e7er\u00e7eveledi\u011fi ifade ediliyor. Fed\u2019i yeniden faiz art\u0131r\u0131m\u0131na g\u00f6t\u00fcren temel unsurun ise ABD-\u0130ran sava\u015f\u0131 nedeniyle beklenen dezenflasyon s\u00fcrecinin olu\u015fmamas\u0131 oldu\u011fu belirtiliyor.<\/p>\n
Analize g\u00f6re temmuz itibar\u0131yla PCE enflasyonu y\u0131ll\u0131k y\u00fczde 3,7\u2019ye y\u00fckselirken \u00e7ekirdek PCE y\u00fczde 3,3 seviyesinde kald\u0131. A\u011fustos T\u00dcFE verisinde t\u00fcketici fiyatlar\u0131 ayl\u0131k y\u00fczde 0,4, y\u0131ll\u0131k y\u00fczde 3,4 artt\u0131. \u00c7ekirdek enflasyon ise ayl\u0131k y\u00fczde 0,3 y\u00fckseldi. Petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin de enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc olumsuz etkiledi\u011fi belirtiliyor.<\/p>\n
Suudi Arabistan\u2019\u0131n Do\u011fu-Bat\u0131 petrol boru hatt\u0131n\u0131 ge\u00e7ici olarak devre d\u0131\u015f\u0131 b\u0131rakmas\u0131n\u0131n da \u00f6nem ta\u015f\u0131d\u0131\u011f\u0131 ifade ediliyor. Hatt\u0131n kapanmas\u0131n\u0131n g\u00fcnl\u00fck 4 milyon varillik petrol arz\u0131n\u0131n kesilmesi anlam\u0131na geldi\u011fi belirtilirken, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n yan\u0131 s\u0131ra alternatif g\u00fczerg\u00e2hlar\u0131n g\u00fcvenli\u011fine ili\u015fkin endi\u015felerin de petrol fiyatlar\u0131 \u00fczerinde etkili oldu\u011fu aktar\u0131l\u0131yor.<\/p>\n
Dizel piyasas\u0131ndaki geli\u015fmelerin de enflasyon a\u00e7\u0131s\u0131ndan kritik oldu\u011fu vurgulanan analizde, ABD ulusal dizel fiyat\u0131n\u0131n ilk kez galon ba\u015f\u0131na 6 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131, a\u011fustos ay\u0131nda ABD dizel crack spreadinin varil ba\u015f\u0131na 102,20 dolarla tarihi rekor seviyeye ula\u015ft\u0131\u011f\u0131 belirtiliyor.<\/p>\n
Analize g\u00f6re a\u011fustos ay\u0131nda tar\u0131m d\u0131\u015f\u0131 istihdam 162 bin ki\u015fi artarak beklentileri a\u015farken, i\u015fsizlik oran\u0131 y\u00fczde 4,1 seviyesinde kald\u0131. Haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131n\u0131n da d\u00fc\u015f\u00fck seviyelerini korumas\u0131, ekonominin 25 baz puanl\u0131k s\u0131k\u0131la\u015fmay\u0131 kald\u0131rabilece\u011fine i\u015faret ediyor.<\/p>\n
ABD 10 y\u0131ll\u0131k tahvil faizinin y\u00fczde 5 s\u0131n\u0131r\u0131nda bulunmas\u0131n\u0131n da takip edildi\u011fi analizde, b\u00fct\u00e7e a\u00e7\u0131klar\u0131, yo\u011fun Hazine ihra\u00e7lar\u0131, teknoloji sekt\u00f6r\u00fcn\u00fcn tahvil ihra\u00e7lar\u0131 ve uzun vadeli tahvil arz\u0131na ili\u015fkin kayg\u0131lar\u0131n uzun vadeli faizlerdeki y\u00fckseli\u015fte etkili oldu\u011fu ifade ediliyor.<\/p>\n
Fed\u2019in 25 baz puanl\u0131k faiz art\u0131r\u0131m\u0131 yaparken 2026 y\u0131l sonu faiz medyan\u0131n\u0131 fazla y\u00fckseltmemesi ve 2027 dezenflasyon patikas\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde korumas\u0131, piyasa taraf\u0131ndan yeni bir s\u0131k\u0131la\u015fma d\u00f6ng\u00fcs\u00fc olarak okunmayabilir. Buna kar\u015f\u0131l\u0131k faiz beklentilerinin 2026 ve \u00f6zellikle 2027 i\u00e7in yukar\u0131 kaymas\u0131, enflasyon projeksiyonlar\u0131n\u0131n bozulmas\u0131 ve enerji \u015fokunun \u00f6ne \u00e7\u0131kar\u0131lmas\u0131 halinde piyasa fiyatlamas\u0131n\u0131n yeni bir s\u0131k\u0131la\u015fma d\u00f6ng\u00fcs\u00fcne y\u00f6nelmesi bekleniyor.<\/p>\n
Analizde, b\u00f6yle bir durumda ABD 10 y\u0131ll\u0131k tahvil faizinin y\u00fczde 5\u2019in \u00fczerinde kal\u0131c\u0131 hale gelmesi, dolar\u0131n g\u00fc\u00e7lenmesi ve \u00f6zellikle y\u00fcksek \u00e7arpanl\u0131 hisse senetlerinde yeniden de\u011ferleme bask\u0131s\u0131 olu\u015fmas\u0131n\u0131n g\u00fcndeme gelebilece\u011fi belirtiliyor. Bu nedenle \u00e7ar\u015famba g\u00fcn\u00fc faiz art\u0131r\u0131m\u0131ndan \u00e7ok, Fed\u2019in faiz art\u0131r\u0131m\u0131n\u0131n ard\u0131ndan nereye gitmek istedi\u011finin takip edilmesi gerekti\u011fi vurgulan\u0131yor.<\/p>\n
<\/strong> \u0130stanbul, 14 Eyl\u00fcl (Hibya)- Trive Yat\u0131r\u0131m piyasa analizine g\u00f6re, Fed\u2019in 15-16 Eyl\u00fcl toplant\u0131s\u0131nda faiz art\u0131rmas\u0131 beklenirken piyasalar\u0131n oda\u011f\u0131nda karar\u0131n kendisinden \u00e7ok, bankan\u0131n sonraki d\u00f6neme ili\u015fkin yol haritas\u0131 olacak.<\/p>\n","protected":false},"author":1,"featured_media":149169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-149168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/149168","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=149168"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/149168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/149169"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=149168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=149168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=149168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"