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By Jack Phillips
A federal judge postponed retired Lt. Gen. Michael Flynn’s sentencing until next month—after the release of the Department of Justice’s Inspector General’s ...
- Court Filing: Obama Holdover Heading Office Under Investigation for ‘Illegally Leaked’ Classified Document
By Christopher C. Hull
The Obama holdover heading the Pentagon office reportedly under investigation
by the U.S. attorney who is conducting the criminal probe of ...
- Apple employees support Tim Cook’s lobbying efforts with Trump, surprising survey shows
By Chris Ciaccia | Fox News
A surprising new survey has revealed that Apple employees are strongly in favor of CEO Tim Cook’s efforts to lobby President Donald Trump on behalf of the ...
- Ingraham takes down cartoon-like Dems for constantly predicting Trump’s ‘political demise’
By David Montanaro | Fox News
Laura Ingraham said Tuesday in her opening monologue that Democrats and their media allies now remind her of cartoon characters, as they repeatedly predict President Trump’s “political demise.”
“I ...
- Officials still puzzled about ‘hovering’ object that prompted lockdown in DC
By Chad Pergram, Andrew O’Reilly | Fox News
Security officials on Capitol Hill are still puzzled by what sparked the security threat to be issued Tuesday morning that ...
- Dems’ doomsday scenario: Could anxious moderates scuttle impeachment push?
By Adam Shaw | Fox News
With impeachment proceedings moving swiftly after a spree of dramatic hearings, the expectation that the House will vote to impeach President Trump and ...
- Trump takes stage for “homecoming rally” in Florida
By Morgan Phillips | Fox News
President Trump took the stage in Sunrise, Fla. Tuesday night to address supporters at what his reelection campaign rally had dubbed a “homecoming rally” before ...
- Sen. Rand Paul Says Federal Officials Wasted $4.6 Million Studying Link Between Booze and ER Visits
By Mark Tapscott
Sen. Rand Paul (R-Ky.) on Monday issued a special fall edition of his annual report on waste and fraud by the federal ...
- Trump Donates Third-Quarter Salary to Help in ‘Fight Against the Opioid Crisis’
By Zachary Stieber
President Donald Trump is donating his third-quarter salary to help combat the nationwide opioid epidemic.
A White House official said on Nov. 26 ...
- Trump Urges Pelosi to Bring USMCA to a Vote, Pelosi Says Compromise Within Reach
By Zachary Stieber
President Donald Trump urged House Speaker Nancy Pelosi (D-Calif.) to bring the U.S.-Mexico-Canada trade agreement, known as the USMCA, to a vote ...
- Nikki Haley: God Using Trump’s Presidency to Bring ‘Lessons’ and ‘Change’
By Isabel van Brugen
Nikki Haley,
the former U.S. ambassador to the United Nations, said in an interview
last week she believes President Donald Trump’s presidency ...
- Support for Impeachment Drops Among Black and Hispanic Voters: Poll
By Jack Phillips
Support for impeaching President Donald Trump has dropped among black and Hispanic voters, according to a new poll.
A new national poll released ...
![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")
