The Federal Reserve raises rates for the first time since 2023, signals further tightening, and pushes the US Dollar higher while stocks retreat.
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About Kenny Fisher
Kenny Fisher is a Forex Market Analyst at DailyForex with more than a decade of experience covering currencies, global stock markets, and commodities through a fundamental and macroeconomic lens. He specializes in news-driven market analysis, focusing on central bank decisions, economic data releases, and geopolitical developments that move major currency pairs and risk assets. Combining a legal editing background with financial expertise, Kenny produces clear, timely commentary that explains how headlines translate into trading implications.
Areas of Expertise
- Fundamental and macroeconomic analysis of Forex markets
- News-driven coverage of global stock indices and commodities
- Central bank policy, interest rates, and monetary policy expectations
- Economic data releases and event risk (inflation, employment, GDP, PMIs)
- Market commentary for currencies, equities, and commodities
- Educational articles for new and intermediate Forex traders
Professional Background
- Market analyst at DailyForex, providing news-oriented commentary on Forex, global stock markets, and commodities with a strong focus on fundamental and macroeconomic drivers.
- More than 12 years of experience as a market analyst, producing daily and weekly analysis for online financial publishers.
- Former sales and marketing professional at a major Forex broker, giving him practical insight into how brokerage clients interact with economic news and market events.
- Self-employed Forex Market Analyst specializing in fundamental analysis of currency, commodity, and equity markets, contributing to outlets such as ForexCrunch, OANDA, and DailyForex.
Financial Qualifications
- Extensive professional experience conducting in-depth fundamental analysis of global currency markets, including regular coverage for major online financial platforms.
Education
- Bachelor of Law (LL.B) from Osgoode Hall Law School in Toronto, Canada, supporting his analytical, research, and editing skills in complex financial topics.
Media & Industry Features
- Articles and daily commentary carried by OANDA, Investing.com, Seeking Alpha, FXStreet, and other respected financial media outlets.
Podcast & Market Commentary
Kenny’s daily and weekly written commentaries focus on how central bank meetings, inflation reports, employment data, and geopolitical developments affect currencies, indices, and commodities. His analysis helps traders connect news events to potential shifts in trend, volatility, and market sentiment, often highlighting key levels and scenarios that follow from upcoming data or policy decisions.
Trading & Market Philosophy
Kenny’s market philosophy is rooted in fundamental analysis: he looks first at interest rate expectations, macro data, and political risk, then considers how these forces are likely to influence currencies and risk assets over the short and medium term. He emphasizes that successful trading requires understanding the narrative behind price moves—such as central bank guidance or changes in risk appetite—and combining that narrative with disciplined risk management and awareness of key technical zones.
Why Readers Trust Kenny Fisher
- More than 12 years of experience as a market analyst focusing on fundamental and macroeconomic analysis.
- Background in both the brokerage industry and independent analysis, giving him insight into how retail traders respond to news and event risk.
- Bachelor of Law from Osgoode Hall Law School, reflecting strong analytical and communication skills.
- Articles and commentary carried by major financial platforms including OANDA, Investing.com, Seeking Alpha, and FXStreet.
Latest 12 Articles
The ECB last raised rates in June, the first rate hike since 2023, in response to the US-Iran war, which sent oil prices skyrocketing and pushed inflation higher. This scenario was repeated today, as renewed fighting in the Persian Gulf has pushed oil prices above $100 a barrel.
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The Bank of Canada (BoC) maintained its key interest rate at 2.25% on Wednesday, in a decision that was widely expected by the markets. The Canadian dollar has responded with slight gains against its U.S. cousin following the decision.
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Alongside the GDP report, the Core PCE Price Index, considered the Federal Reserve’s preferred inflation indicator, was unchanged in July at 3.3% year-on-year and matched the market estimate.
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UK Inflation Rises to 2.9% in July, Core CPI Steady
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US inflation cooled for a second consecutive month, supporting stocks but leaving price growth too high for the Federal Reserve to consider a September rate cut.
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The US dollar fell and stocks advanced after July’s weak employment report revealed declining payrolls, slower wage growth and cracks in the labor market.
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The Federal Reserve (Fed) kept interest rates unchanged on Wednesday, maintaining the federal funds rate targeted between 3.5%-3.75% for a fifth consecutive meeting. The Fed last cut rates in December 2025.
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The European Central Bank (ECB) maintained interest rates at 2.25% at today’s policy meeting, in a move that was widely expected. The ECB had kept rates at 2.0% since June 2025 before raising them by a quarter-point at its June meeting.
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US inflation fell more than expected in June, weakening the US Dollar, reducing near-term Fed rate hike expectations, and lifting stocks.
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The RBNZ raised interest rates to 2.50% and kept a hawkish inflation outlook, lifting the New Zealand Dollar while pressuring local stocks.
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US job growth slowed sharply in June as nonfarm payrolls missed forecasts, the unemployment rate dipped, wage growth improved, and the Dollar weakened.
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