- Trump becomes first president named Daytona 500 grand marshal
By Gary Gastelu | Fox News
President Trump is taking part in this year’s Daytona 500.
Trump hosted NASCAR Champion Martin Truex Jr.’s team at The White House. (Jabin Botsford/The ...
- Lara Trump reacts to liberal ‘View’ hosts defending Hunter Biden: The hypocrisy is ‘glaring’
By Joshua Nelson | Fox News
Trump 2020 campaign adviser Lara Trump appeared on “Fox & Friends” Friday to point out the hypocrisy of “The View” hosts defending Hunter Biden while ...
- McCain, Behar explode over Bloomberg, Trump’s 2016 win: ‘He is president, move on!’
By Sam Dorman | Fox News
“The View” co-hosts Joy Behar and Meghan McCain got into another spat over President Trump on Friday, this time while discussing whether he was more electable than former ...
- Onetime media darling Avenatti faces years in prison after conviction in Nike shakedown scheme
By Brian Flood | Fox News
Brian Stelter and Joy Behar thought he could run for president in 2020. Now he’s going to jail.
Former liberal media darling ...
- Republicans introduce bill to pull funds from states that give driver’s licenses to illegal immigrants
By Adam Shaw | Fox News
Republicans in the House and the Senate are introducing legislation that would block federal funds from states that allow illegal immigrants to obtain ...
- Trump, Cuomo fail to reach agreement to resolve ‘sanctuary’ state sanctions
By Gregg Re | Fox News
New York Democratic Gov. Andrew Cuomo visited the White House on Thursday in the hope he could persuade President Trump to reverse a recent decision to ...
- Vulnerable House Dems sound alarm about potential Sanders nomination: ‘It’s bad’
By Marisa Schultz, Chad Pergram | Fox News
The strength of Sen. Bernie Sanders’ campaign is causing palpable panic among Democrats from battleground states and swing districts who worry they’ll lose ...
- Trump: Bloomberg’s ‘stop and frisk’ policy sparked a ‘revolution’ in NYC, Giuliani was a ‘far better’ mayor
By Julia Musto | Fox News
Former New York City Mayor and 2020 Democratic presidential candidate Michael Bloomberg’s controversial “stop and frisk” policy caused a “revolution” in New York City, President Trump said Thursday.
In a wide-ranging interview with Geraldo ...
- Democracy 2020 Digest: Bernie panic spreads inside the party
By Paul Steinhauser | Fox News
With populist Sen. Bernie Sanders of Vermont now considered the front-runner in the race for the Democratic nomination, concern and resistance is growing among mainstream ...
- Democracy 2020 Digest: Struggling Warren pulls back from South Carolina, puts her chips on Nevada
By Paul Steinhauser, Alex Pappas | Fox News
Sen. Elizabeth Warren’s presidential campaign appears to be concentrating its firepower on Nevada rather than South Carolina – with those two states on deck in the ...
- CNN reporter accused of ‘dismissing’ Bloomberg’s stop-and-frisk remarks previously worked at Bloomberg Television
By Joseph A. Wulfsohn | Fox News
A CNN reporter who claims to be “unraveling conflicts of interests” may be finding herself in a conflict of interest of her ...
- Trey Gowdy: Dems’ demands for Barr resignation ‘about the dumbest damn thing I’ve ever heard’
By Yael Halon | Fox News
Former House Oversight Committee Chairman Trey Gowdy responded Thursday to the outrage by many Democrats over President Trump’s defense of Republican political consultant Roger Stone ...
![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")
