- Trump lists his pick for No. 1 Dem opponent in exclusive pre-Super Bowl interview with Hannity
By Talia Kaplan | Fox News
Speaking on “Fox & Friends Weekend” live from Miami ahead of his interview with President Trump during the Super Bowl LIV pregame show, ...
- Trump to Chart a ‘Vision of Relentless Optimism’ in State of the Union Address
By Ivan Pentchoukov
President Donald Trump is expected to lay out an agenda focused on the needs of working families during his State of the ...
- Bloomberg’s $10M Super Bowl ad posts misleading stat on child gun deaths
By Gregg Re | Fox News
Democratic presidential candidate Mike Bloomberg’s $10 million 2020 Super Bowl ad includes a misleading statistic concerning the number of children killed in ...
- History of the Iowa caucuses, America’s kickoff presidential contest
By Paul Steinhauser | Fox News
DES MOINES, Iowa – New Hampshire has been holding its first-in-the-nation presidential primary for 100 years.
But Iowa’s a much more recent power player in the race ...
- Coronavirus declared public health emergency in US
By Alexandria Hein | Fox News
Health and Human Services Secretary Alex Azar announced on Friday that the coronavirus has been declared a public health emergency in the U.S. Beginning ...
- Biden campaign spokeswoman pressed by Ed Henry on Hunter Biden and Burisma
By David Montanaro | Fox News
A spokeswoman for the Biden campaign faced tough questioning from Fox News’ Ed Henry Friday over the vice president’s son’s past business dealings in Ukraine, ...
- CNN anchor John King says Republicans make ‘legitimate point’ about whistleblower
By Sam Dorman | Fox News
CNN anchor John King defended Republicans on Thursday, arguing they made a “legitimate point” in asking why the intelligence community whistleblower — who brought ...
- Trump, at Iowa rally, taunts Dems before caucuses: ‘We’re beating them all’
By Morgan Phillips | Fox News
President Trump taunted Democrats at a major rally in Iowa Thursday night on the eve of key Senate impeachment action and just days before the nation’s first ...
- Alan Dershowitz tears into CNN on CNN: Your network ‘distorted’ my argument to ‘misinform viewers’
By Joseph A. Wulfsohn | Fox News
Harvard Law Professor Alan Dershowitz tore into CNN during his appearance on the network over its coverage of his argument he made in ...
- Former Trump Aide Page Sues DNC, Law Firm Over Steele Dossier
By Zacary StieberPresident Donald Trump’s former campaign aide Carter Page filed a lawsuit against the Democratic National Committee (DNC) and the Perkins Coie law firm ...
- Swipe at Romney? Utah lawmaker introduces bill to recall US senators
By Tyler Olson | Fox News
Republican Utah state Rep. Tim Quinn has introduced a bill in that state’s legislature that would allow voters to recall U.S. senators — a possible ...
- Dr. Drew Pinsky hits Adam Schiff on homeless crisis in his own district: ‘He’s asleep at the wheel’
By Julia Musto | Fox News
Senate impeachment trial manager Rep. Adam Schiff, D-Calif., is “asleep at the wheel” when it comes to his own district and is ignoring issues that ...
![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")
