- Rush Limbaugh to attend State of the Union address, receive Presidential Medal of Freedom soon, source says
By Joseph A. Wulfsohn | Fox News
Talk radio icon Rush Limbaugh is expected to attend President Trump’s State of the Union address Tuesday night, where the president ...
- Trump’s job approval rating rises to 49 percent amid impeachment, highest since taking office, Gallup says
By Ronn Blitzer | Fox News
New polling by Gallup reveals that President Trump’s approval rating is at an all-time high, as he prepares to deliver his third State of ...
- Iowa Dem party blames caucus fiasco on ‘coding issue,’ vows to release results ‘as soon as possible’
By Paul Steinhauser | Fox News
DES MOINES, Iowa – The morning after a technical meltdown delayed the reporting of the Iowa caucus results – causing chaos in the ...
- Liberal students reflexively reject Trump quotes, even though they’re from Democrats
By Julia Musto | Fox News
Cabot Phillips: College students think 2020 Dem comments came from Trump
Campus Reform Editor-in-Chief Cabot Phillips spoke with ‘Fox & Friends’ about ...
- App used in Iowa Democratic caucus fiasco linked to ex-Clinton campaign staffers
By Tyler Olson | Fox News
The app that was supposed to help the Iowa Democratic Party quickly report Monday’s caucus results – but contributed to confusion and a muddled result as ...
- Iowa caucuses a wide-open race, with voting underway in pivotal contest
By Gregg Re | Fox News
The Iowa caucuses are officially underway, and a Fox News Voter Analysis shows a wide-open race, with five candidates competing for a share ...
- Rush Limbaugh announces he has ‘advanced lung cancer’
By Brian Flood | Fox News
Talk radio king Rush Limbaugh stunned his 20-million member audience Monday with the announcement he’s been diagnosed with “advanced lung cancer.”
The 69-year-old conservative ...
- Kellyanne Conway unloads on 2020 Dems in Iowa: ‘Unimpressive, unremarkable, underwhelming’
By Brooke Singman | Fox News
Conway on socialism, ‘underwhelming’ Dem candidates and the left’s biggest ‘joke’.
EXCLUSIVE: Kellyanne Conway unloaded on the 2020 Democratic presidential hopefuls on the eve of ...
- Trump, in Super Bowl interview with Sean Hannity, predicts fall of Pelosi: ‘Radical left is gonna take over’
By Gregg Re | Fox News
In an exclusive interview with Fox News’ Sean Hannity during the Super Bowl LIV pregame show, President Trump confirmed that the State of ...
- Groundhog Day 2020: Here’s what Punxsutawney Phil’s prediction is for the rest of winter
By Travis Fedschun | Fox News
As light snow fell early Sunday in western Pennsylvania, the Keystone State’s most famous groundhog revealed that warmer days ...
- Tom Basile: Pelosi’s impeachment gamble fails – here’s what going all in could cost her and the Democrats
By Tom Basile | Fox News
What a difference a year makes. Last spring, Speaker Nancy Pelosi sounded an alarm of caution over a hyper-partisan impeachment. In the fall, she ...
- How Much is Trump’s Impeachment Costing Taxpayers?
By Megan Henney FoxBusiness
The impeachment inquiry and trial has cost significantly less than President Bill Clinton’s in 1994.
The third impeachment trial in U.S. history ...
![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")
