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Bt Jack Phillips
President Donald Trump
suggested Gov. Ralph Northam, a Democrat, is going to suffer backlash
at the polls in 2020 after the Democratic-controlled legislature
proposed ...
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By Gregg Re | Fox News
House Intelligence Commitee Chairman Adam Schiff, D-Calif., is again under fire after apparently mischaracterizing evidence in the Democrats’ impeachment effort — this ...
- Gabbard hits Clinton with $50 million defamation lawsuit over ‘Russian asset’ remarks
By Ronn Blitzer, Brooke Singman | Fox News
Democratic presidential candidate Rep. Tulsi Gabbard of Hawaii is accusing former Secretary of State Hillary Clinton of deliberately spreading false accusations that Gabbard ...
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By Brian Flood | Fox News
Former Democratic political candidate Pam Keith attempted to shame White House counselor Kellyanne Conway in a widely mocked tweet that focused on the ...
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By R. Cort Kirkwood
Being fired from Empire isn’t the only bad news actor Jussie Smollet has received lately.
Thanks to search warrants and a court order, Google ...
- Peter Schweizer on how Biden family got rich: Hunter ‘just the tip of the iceberg’
By Julia Musto | Fox News
Hunter Biden is “just the tip of the iceberg” when it comes to examining corruption within the Biden family ...
- Alan Dershowitz: Trump impeachment is a ‘motion-to-dismiss’ case, save for ‘political’ considerations
By Charles Creitz | Fox News
Harvard Law professor emeritus Alan Dershowitz, a
constitutional representative for President Trump in his Senate
impeachment trial, said that in a ...
- White House Legal Brief: Impeachment a ‘Dangerous Perversion’ of Constitution
By Jack Phillips
President Donald Trump’s legal team asserted Monday that the House Democrats’ impeachment case against the president is frivolous and a “dangerous perversion of ...
- Trump’s Attorneys Call for Immediate Acquittal in Impeachment Trial
By Ivan Pentchoukov
President Donald Trump’s attorneys called on the Senate to dismiss the articles of impeachment
sent by the House and immediately acquit the ...
- Guide to the Trump Impeachment Trial in the Senate
By Zachary Stieber
The impeachment trial of President Donald Trump will start on Jan. 21 as 100 senators gather in Washington to vote on initial ...
- Virginia’s Capitol flooded with gun rights activists for Second Amendment rally
By Barnini Chakraborty, Greg Norman | Fox News
RICHMOND, Va. — Thousands of Second Amendment supporters carrying long firearms and wearing stickers reading “Guns Save Lives” descended upon Virginia’s Capitol in Richmond Monday for ...
- Impeachment manager claims Trump attempted bribery, dodges when asked why it was not charge
By Ronn Blitzer | Fox News
Rep. Jason Crow, D-Colo., one of the seven Democratic impeachment managers prosecuting President Trump before the Senate, accused Trump of attempting to commit bribery in ...
![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")
