- Biden accuser Tara Reade ‘lost total respect’ for CNN’s Anderson Cooper for not asking former VP about assault claim
By Joseph A. Wulfsohn | Fox News
The woman who has accused Joe Biden of a sexual assault in the early 1990s says she’s disappointed that CNN anchor Anderson Cooper failed to ask the presumptive ...
- High profile inmates from Michael Avenatti to Tekashi 6ix9ine who have been released from prison early because of coronavirus
By Barnini Chakraborty | Fox News
From 71-year-old federal fraudsters to Colombian drug lords, there has been a mad dash of high-profile prisoners petitioning the courts for a ...
- Journalist Rich McHugh lays out allegations against Biden: ‘She said he attacked her’
By Victor Garcia | Fox News
Tucker Carlson spoke with journalist Rich McHugh Friday to get his insight into newly- resurfaced video from 1993 that could support sexual misconduct allegations ...
- ‘The View’ ignores Tara Reade’s Biden allegations after championing Kavanaugh accusers
By Joseph A. Wulfsohn | Fox News
“The View” hosts Whoopi Goldberg, Joy Behar, Sunny Hostin, and Meghan McCain have been sounding off regularly on President Trump’s response ...
- Clip surfaces of Biden accuser Tara Reade’s mother phoning into ‘Larry King Live’ in 1993 alluding to claim
By Joseph A. Wulfsohn | Fox News
A resurfaced clip on “Larry King Live” in 1993 appears to show the mother of Tara Reade — who has accused Joe ...
- Georgia state rep who endorsed Trump reverses resignation, calls Dems ‘the bigots they claim to hate’
By Sam Dorman | Fox News
A Democratic Georgia lawmaker has reversed an initial decision to step down from office after facing backlash for endorsing President Trump for reelection last week.
“Yesterday, I announced ...
- Dem lawmakers eye ‘opportunity’ for historic expansion of government amid coronavirus crisis
By Adam Shaw | Fox News
Former Obama White House Chief of Staff Rahm Emanuel said during the 2008 financial crisis that lawmakers should “never let a crisis go to ...
- Former Reagan official: Revive Cold War-era program to keep China from benefiting from coronavirus
By Ronn Blitzer | Fox News
A former intelligence official from the Reagan administration is concerned that China is using the shutdown of the American economy during the coronavirus pandemic to ...
- Protests against coronavirus lockdown orders spread in North Carolina, Missouri: ‘My rights are essential’
By Andrew O’Reilly | Fox News
Angry demonstrators took to the streets in North Carolina and Missouri on Tuesday to voice their discontent at their states’ stay-at-home ...
- Tying It All Together: China, Dr. Fauci, French Company Sanofi Pasteur, George Soros and the Gates Foundation
By Jim Hoft
Links between Dr. Tony Fauci, China, French company Sanofi Pasteur, George Soros and the Gates Foundation are old and deep. The China ...
- New documentary reveals Bill Clinton kept CIA from killing bin Laden
By Ronn Blitzer | Fox News
A new documentary reveals that the U.S. had an opportunity to kill Usama bin Laden in the 1990s after tracking his ...
- Linda Tripp of Clinton-Lewinsky scandal fame dead at 70
By Ronn Blitzer, Alex Pappas | Fox News
Linda Tripp, whose covert recording of conversations with Monica Lewinsky revealed an affair with then-President Bill Clinton, has died, Fox News confirmed.
“Sadly, Linda ...
![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")
