4 – 10 Aral\u0131k tarihleri ortas\u0131nda yap\u0131lan ankete kat\u0131lan 47 ki\u015finin az farkl\u0131 \u00e7o\u011funlu\u011fu, yeni kelaml\u0131 y\u00f6nlendirmenin Fed’in \u00c7ar\u015famba g\u00fcn\u00fc sona erecek iki g\u00fcnl\u00fck toplant\u0131s\u0131nda uygun bulunaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyor. Kalan uzmanlar\u0131n \u00e7o\u011funlu\u011fu ise y\u00f6nlendirmenin Ocak ya da Mart ay\u0131nda gelece\u011fi g\u00f6r\u00fc\u015f\u00fcnde.<\/p>\n

Bu hafta mali te\u015fvikin art\u0131r\u0131lmas\u0131 pek m\u00fcmk\u00fcn g\u00f6r\u00fcnm\u00fcyor. Ekonomistlerin \u00fc\u00e7te ikisi 2021 sona ermeden evvel Federal A\u00e7\u0131k Piyasa Komitesi’nin (FOMC) devam eden tahvil al\u0131mlar\u0131n\u0131n ortalama vadesini uzatmas\u0131n\u0131 beklemekle birlikte, bu uzmanlar\u0131n yaln\u0131zca y\u00fczde 23’\u00fc bu ad\u0131m\u0131n Aral\u0131k toplant\u0131s\u0131nda at\u0131lmas\u0131n\u0131 bekliyor.<\/p>\n

Kelaml\u0131 y\u00f6nlendirme, hudutlu tesiri olsa bile Fed’in tahvil al\u0131mlar\u0131n\u0131n surat\u0131n\u0131 art\u0131rmas\u0131n\u0131 ya da azaltmas\u0131na neden olacak kaidelerin ne olaca\u011f\u0131 konusunda daha fazla netlik sa\u011flayabilir.<\/p>\n

Yetkililer, Kovid-19 pandemisinden etkilenen t\u00fcketici ve \u015firketlere y\u00f6nelik ger\u00e7ek bor\u00e7lanma maliyetlerinde a\u015fa\u011f\u0131 tarafl\u0131 bask\u0131 uygulamak i\u00e7in tasarlanm\u0131\u015f program \u00e7er\u00e7evesinde mevcut durumda ayl\u0131k 80 milyar dolarl\u0131k Hazine tahvili ve 40 milyar dolarl\u0131k mortgage’a dayal\u0131 menkul de\u011fer al\u0131m\u0131 yap\u0131yor.<\/p>\n

Fed geni\u015f \u00e7apl\u0131 al\u0131mlara Mart ay\u0131nda ba\u015flam\u0131\u015ft\u0131. Birebir vakitte faiz oranlar\u0131n\u0131 da s\u0131f\u0131ra indirmi\u015fti.<\/p>\n

Anket i\u015ftirak\u00e7ilerinin yaln\u0131zca y\u00fczde 19’u gelecek y\u0131l Fed’in ayl\u0131k al\u0131mlar\u0131n toplam b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc art\u0131raca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyor. Y\u00fczde 32’lik daha b\u00fcy\u00fck bir k\u0131s\u0131m ise yetkililerin bu periyotta al\u0131mlar\u0131 azaltaca\u011f\u0131n\u0131 kestirim ediyor. Anket i\u015ftirak\u00e7ilerinin yakla\u015f\u0131k yar\u0131s\u0131 ise 2021 sonuna kadar de\u011fi\u015fiklik beklemiyor.<\/p>\n

Deutsche Bank Securities Inc. k\u0131demli ABD ekonomisti Brett Ryan, “Fed’in tahvil al\u0131mlar\u0131ndaki m\u00fcmk\u00fcn de\u011fi\u015fiklikler manas\u0131nda mali g\u00f6r\u00fcn\u00fcm k\u0131ymetli bir \u00f6ge olabilir. \u00d6teki her \u015feyin e\u015fit kalmas\u0131 durumunda daha az mali te\u015fvik para siyaseti yap\u0131c\u0131lar\u0131 \u00fczerinde ama\u00e7lar\u0131na ula\u015fmalar\u0131 i\u00e7in daha fazla geni\u015flemeye gitmeleri istikametinde bask\u0131 olu\u015fmas\u0131na sebep olabilir.” diyor.<\/p>\n

Para siyasetinin ince ayar\u0131n\u0131n yap\u0131labilmesi i\u00e7in siyaset yap\u0131c\u0131lar y\u00fcksek derecede belirsizlikle gayret halinde. Kovid-19 kaynakl\u0131 artan enfeksiyon say\u0131lar\u0131, hastaneye yat\u0131\u015flar ve can kay\u0131plar\u0131 ekonomik toparlanmay\u0131 k\u0131ymetli \u00f6l\u00e7\u00fcde yava\u015flatt\u0131.<\/p>\n

Kimi kestirimciler birinci \u00e7eyrekte k\u00fc\u00e7\u00fclme bekliyor.<\/p>\n<\/p>\n

Bloomberg HT<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

4 – 10 Aral\u0131k tarihleri ortas\u0131nda yap\u0131lan ankete kat\u0131lan 47 ki\u015finin az farkl\u0131 \u00e7o\u011funlu\u011fu, yeni kelaml\u0131 y\u00f6nlendirmenin Fed’in \u00c7ar\u015famba g\u00fcn\u00fc sona …<\/p>\n","protected":false},"author":1,"featured_media":17109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[84],"class_list":["post-17108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-fed"],"yoast_head":"\n