- Biden blames Trump for Cuba push to rejoin UN Human Rights Council, despite it being a member during Obama admin
By Adam Shaw | Fox News
Presumptive Democratic nominee Joe Biden on Friday blamed President Trump for a push by Cuba to join the U.N. Human Rights Council — a criticism ...
- Pompeo says China poses real ‘risk’ to US, in new interview
By Nick Givas | Fox News
In yet another push from the federal government to highlight the nefarious nature of communist China, Secretary of State Mike Pompeo said during a radio ...
- Nevada’s vote-by-mail primary stirs fraud concerns, as unclaimed ballots pile up: ‘Something stinks here’
By Andrew O’Reilly | Fox News
Red flags are being raised about the all-mail voting system being used in Nevada’s most populous county ahead of the state’s ...
- Wisconsin special election goes to GOP’s Tom Tiffany; Trump takes Nebraska primary
By Gregg Re | Fox News
Republican Tom Tiffany, a Wisconsin state senator endorsed by President Trump, easily won a special congressional election Tuesday in the state’s heavily conservative, rural 7th ...
- Wisconsin’s Supreme Court strikes down governor’s ‘safer at home’ order
By Morgan Phillips | Fox News
Wisconsin’s Supreme Court struck down the state’s “safer at home” order Wednesday, saying Democratic Gov. Tony Evers’ administration overstepped its authority when it ...
- Trump weighs in on unmasking: ‘Greatest political crime in the history of our country’
By Tyler Olson, Brooke Singman | Fox News
President Trump weighed in Thursday in an interview with Fox Business Network on the former Obama officials – including former Vice President Joe Biden and former ...
- Trump ‘totally’ disagrees with Fauci on school reopenings
By Brittany De Lea FOXBusiness
States investigating unknown illness appearing in children that may be linked to COVID-19
As state economies begin slowly reopening in phases, President Trump wants ...
- Rand Paul rips Biden over Flynn unmasking, says it ‘should be a deal-killer’ for ex-VP’s White House bid
By Victor Garcia | Fox News
Sen. Rand Paul, R-Ky., accused former Vice President Joe Biden Wednesday of “using the power of government … to go after a political ...
- Obama should be known as a disgraced president who used the FBI against his political enemies
By Tucker Carlson | Fox News
On Inauguration Day, 2017, it is likely that not 1 in 100,000 Americans was thinking about Russia.
It was the last thing most people were ...
- AOC removed from union-backed progressive party ballot line in New York
By Morgan Phillips | Fox News
Rep. Alexandria Ocasio-Cortez, D-N.Y., was booted from the progressive union-backed Working Families Party (WFP) ballot line by a Queens judge, a blow to ...
- Feds spent nearly $100B on pandemic readiness, health security in decade leading up to coronavirus crisis
By Tyler Olson | Fox News
Over the past decade, the U.S. government spent nearly $100 billion on preparation for major health crises including pandemics, according to a 2018 paper ...
- ‘Pretty clear’ Democrats are trying to ‘rig’ California special election
By Talia Kaplan | Fox News
National Republican Congressional Committee Chairman Tom Emmer said on “Fox & Friends” on Monday that it is “pretty clear” that Democrats are trying to “rig” ...
![Strong labor data and positive expectations about the incoming Trump administration pushed the U.S. dollar to a two-year high on Thursday. The U.S. dollar iIndex hit a high of 109.53 on Jan. 2, the first trading day of the year, and the highest since November 2022. The jump came as data released on Thursday by the U.S. Department of Labor showed that initial jobless claims hit an eight-month low, suggesting a robust labor market, which is a positive sign for the overall economy. The dollar index was trading slightly lower on Friday at 108.96 as of 08:30 a.m. EST. The dollar index increase is also supported by investor confidence in the upcoming Trump administration, which assumes power this month. According to a recent survey by consulting company Teneo, “global CEOs and investors are optimistic about the economic impact of a second Trump administration, outweighing concerns about tariffs, geopolitical tensions, and trade barriers.” Story continues below advertisement In fact, “50 percent of global CEOs are accelerating activities in areas such as domestic and international investment and hiring based on the outcome of the 2024 U.S. election,” it said. While the dollar strengthened, the euro and sterling declined on Thursday. The euro fell to its lowest level in more than two years while the sterling declined to its lowest in eight months. A Dec. 17 report from JP Morgan predicts the U.S. dollar to reach even new highs over the coming months. Related Stories How Major US Stock Indexes Fared Jan. 2 1/2/2025 How Major US Stock Indexes Fared Jan. 2 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup 1/2/2025 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup “November’s election outcome has given way to lower global growth expectations, wider growth gaps between the U.S. and the rest of the world, and higher terminal federal funds rate forecasts for 2025—the perfect trifecta of bullish U.S. dollar cyclical impulse,” said Meera Chandan, co-head of Global FX Strategy at the company. “These are early first-order reactions that may give way to deeper rethinks once the full set of Trump administration policies are known next year [2025], but for now, they constitute a solid economic rationale for carrying a long U.S. dollar stance into the first quarter of 2025.” JP Morgan sees the euro’s outlook as bearish, noting the eurozone is especially vulnerable to trade conflicts. And while sterling was the best-performing currency against the dollar last year, such an outperformance is not expected this year, it said. US Economy Performance in 2025 With President-elect Donald Trump set to take power in less than three weeks, there are mixed views about how things could shape up for the American economy. According to a Dec. 9 post by Morgan Stanley, markets are “bullish on Trump’s second term, hoping for tax cuts and better growth.” “We expect no net stimulus and a decent size hit from tariffs and immigration. This should be bullish for bonds as the Fed continues cutting, but could be a disappointment for frothy stocks,” it said. Regarding tariffs, the most likely outcome is a 20 percent hike on Chinese imports and on vehicles from Mexico and the European Union, Morgan Stanley said. Story continues below advertisement It predicts the U.S. Federal Reserve to continue cutting interest rates to a range of 3 percent 3.5 percent by the end of 2025. S&P Global is forecasting the U.S. economy to grow by 2 percent in 2025 and 2026, following an estimated growth of 2.7 percent last year. The company sees inflation to likely remain above the 2 percent level for “longer than we previously thought.” Goldman Sachs predicts the U.S. economy to “beat expectations” this year. “The U.S. economy is in a good place,” said David Mericle, an economist with the company. “Recession fears have diminished, inflation is trending back toward 2 percent, and the labor market has rebalanced but remains strong.” While Trump’s policy changes are likely to be “significant,” Mericle does not see these actions changing the trajectory of the economy substantially. Goldman foresees the Fed reducing interest rates to a range of 3.25–3.50 percent, with the U.S. GDP predicted to grow by 2.5 percent. There have been three consecutive quarters of economic growth in the first nine months of 2024—1.6 percent in the first quarter, 3 percent in the second, and 3.1 percent in the third.](https://www.usnn.news/wp-content/uploads/2025/01/US-Dollar-Index-Hits-Highest-Level-in-2-Years-Euro-Falls-jpg.webp "US Dollar Index Hits Highest Level in 2 Years, Euro Falls | USNN World News")
