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By Stephanie Pagones FOXBusiness
Newly submitted court documents link Hunter Biden, the son of Democratic presidential candidate and former Vice President Joe Biden, to an identity theft case from 2016 when he was allegedly ...
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By Chris Ciaccia | Fox News
This may be a big year for NASA with a number of upcoming projects, but 2020 is off to a rocky start for the ...
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By Brooke Singman | Fox News
House Majority Leader Steny Hoyer welcomed fellow lawmakers back to Washington after their holiday recess with a memo setting the stage ...
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By Greg Norman | Fox News
Graphic images showing injuries to Jeffrey Epstein’s neck after he allegedly hanged himself inside his New York City jail cell have surfaced this ...
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By Matthew Vadum
At least 2.5 million extra voter registrations are on the voter rolls of 378 counties nationwide, according to the good-government group Judicial ...
- Rep. John Ratcliffe slams Ilhan Omar, Dems criticizing Soleimani strike
By Yael Halon | Fox News
Rep. John Ratcliffe, R-Texas, fired back at Rep. Ilhan Omar, D-Minn., Sunday after the congresswoman doubled down on her criticism of the airstrike ordered by President ...
- Joe Concha: News media coverage of Soleimani strike reveals ‘disturbing pattern’
By Julia Musto | Fox News
Mainstream media coverage and analysis of the U.S. airstrike that killed Iran’s top general would be different under another administration, The Hill’s media reporter Joe Concha said Saturday.
Concha, ...
- Rep. Elise Stefanik: Media reaction to Soleimani death ‘absolute embarrassment’
By Julia Musto | Fox News
New York Republican Rep. Elise Stefanik on Saturday called the news media’s reaction to the airstrike that killed Qassem Soleimani an “absolute embarrassment.”
Appearing on “Fox & Friends,” Stefanik ...
- Trump tells evangelicals, ‘We have God on our side’ for 2020 election; hails end of Soleimani’s ‘bloody rampage’
By Danielle Wallace | Fox News
President Trump told thousands of cheering evangelical Christians in Florida on Friday that he believes “we have God on ...
- Jeffrey Epstein’s Cell Had Note, Multiple Sheets, Electrical Cord When He Was Found: Report
By Jack Phillips
Prescription drugs, an electrical cord, sheets, and a note were reportedly discovered inside convicted sex offender and financier Jeffrey Epstein’s cell after ...
- Appeals Court Hears Arguments in Trump’s Bid to Block McGahn Testimony
By Janita Kan
A federal appeals court on Friday heard oral arguments in a dispute between Congress and the Trump administration over the subpoena demanding that former White House counsel Don ...
- GOP Rep. Phil Roe Says He Won’t Seek Reelection
By Jack Phillips
Rep. Phil Roe (R-Tenn.) announced he will not seek reelection when his term ends later this year, making him among the two-dozen ...
![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")
