- NBC admits Chuck Todd’s ‘Meet the Press’ deceptively edited Barr remarks on Flynn
By Gregg Re | Fox News
NBC News’ Chuck Todd aired a deceptively edited clip of Attorney General Bill Barr discussing the Michael Flynn case during his “Meet the Press” ...
- Doctor flying with United Airlines shares photo of packed flight, says passengers were ‘scared,’ ‘shocked’
By Michael Bartiromo | Fox News
Well, this looks cozy.
A cardiologist from San Francisco says he won’t be “flying again for a very long time” after every seat on ...
- Top House Republican issues ‘call to arms’ about Dems trying to ‘steal’ Calif. election; Trump joins effort
By Marisa Schultz | Fox News
The leader of the National Republican Congressional Committee (NRCC) sent a memo to all House Republicans Saturday with an “urgent call to arms” ...
- Trump campaign releases Spanish ad targeting Dems defending Biden over Tara Reade claims
By Joseph A. Wulfsohn, Brooke Singman | Fox News
The Trump campaign released a new ad in Spanish targeting Democrats for their response to the allegations Tara Reade made against presumptive Democratic ...
- Kayleigh McEnany calls out CNN for having guests who pushed Russia collusion, following transcript revelations
By Joseph A. Wulfsohn | Fox News
White House Press Secretary Kayleigh McEnany responded to CNN’s reporting on her past rhetoric about President Trump by turning the tables on the liberal network, ...
- Ex-Obama official, in released transcript, admits she didn’t know about Trump-Russia collusion despite prior claims
By Tyler Olson | Fox News
Evelyn Farkas, a former Obama administration official who previously encouraged congressional staffers to gather evidence of alleged collusion between President Trump’s 2016 campaign and Russia and said she “knew” there ...
- ‘Basic error’ on coronavirus stories reveal media’s true goals
By Brian Flood | Fox News
FiveThirtyEight editor Nate Silver said the mainstream media is not giving proper context to stories on the rise of coronavirus cases, which he calls a ...
- Murder of Ahmaud Arbery, claims of racism, cronyism thrusts Georgia town into national spotlight
By Barnini Chakraborty | Fox News
A small segregated town in Southeast Georgia is divided – and at the center of a national conversation about race – after a white father ...
- Obama and Biden must be asked about what they knew about Flynn case
By Joshua Nelson | Fox News
Fox News host Mark Levin said on Thursday that former President Barack Obama and Vice President Joe Biden should be questioned ...
- Trump calls for ‘dirty cops’ to pay ‘big price’ for Russia probe after release of transcripts, in ‘Fox & Friends’ interview
By Adam Shaw, Brooke Singman | Fox News
President Trump, in an extensive interview Friday on “Fox & Friends,” tore into what he termed “dirty politicians” behind the Russia probe ...
- House intel transcripts show top Obama officials had no ’empirical evidence’ of Trump-Russia collusion
By Brooke Singman | Fox News
Newly released transcripts of interviews from the House Intelligence Committee’s long-running Russia investigation reveal top Obama officials acknowledged that they knew of no “empirical evidence” ...
- Texas AG tells judge to free Dallas woman ‘unjustly jailed’ for operating hair salon
By Tyler Olson | Fox News
Texas Attorney General Ken Paxton on Wednesday sent a letter urging a Dallas judge to free a woman he sent to jail a day earlier ...
![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")
