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In unexpected move, Representative Devin Nunes invoked an obscure House rule that will allow Republicans a hearing in which they can call witnesses.
Chairman Schiff ...
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Gen. John Raymond, leader of the U.S. Space Command—a precursor to
the yet-to-be-established Space Force—outlined on Nov. 18 the agency’s
“significant” advances, including the ...
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By Ivan Pentchoukov
U.S. lawmakers conducting the Democrat-led impeachment inquiry have yet to discover any direct evidence of the central allegation against President Donald Trump, ...
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By Fox News
Texas Republican Representative John Ratcliffe on why House Republicans want Rep. Adam Schiff to testify under oath.
https://youtu.be/BohA_HUVNSE
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Two prison guards at the New York federal jail where serial sex offender Jeffrey Epstein
is said to have died by suicide ...
- 2020 Candidate Deval Patrick Cancels Campaign Event After Only 2 People Show Up
By GQ Pan
Former Massachusetts Gov. Deval Patrick, who launched his Democratic presidential bid last week, canceled a campaign event after only two people showed ...
- Graham Reveals Release Date of Inspector General Horowitz’s Report on Alleged FISA Abuse
By Janita Kan
Sen. Lindsey Graham (R-S.C.) has revealed the release date of the Justice Department Inspector General Michael Horowitz‘s report on alleged Foreign Intelligence Surveillance Act (FISA) ...
- California Supreme Court rejects law requiring Trump to release tax returns to get on ballot
By Andrew O’Reilly | Fox News
The California Supreme Court on Thursday struck down a state law that would have required President Trump to release his tax returns in order to ...
- Tucker Carlson: Trump impeachment inquiry message to voters – You can’t make policy changes, shut up and obey
By Tucker Carlson | Fox News
Like an HR meeting convened in hell, the whole Ukraine impeachment saga is boring, hard to understand, and apparently goes on for eternity. ...
- Victor Davis Hanson: Fear of a deep state coup is not just right-wing paranoia
By Victor Davis Hanson | Tribune Media Services
For most of the last three years, Donald Trump’s critics have scoffed at supposed “conspiracy theories” that claimed a “deep state” ...
- Mark Meadows: Impeachment hearing produced this ‘real bombshell’
By Vandana Rambaran | Fox News
GOP Rep. Mike Turner, R-Ohio, hammered America’s ambassador to the European Union, Gordon Sondland, during Wednesday’s testimony, seizing on Sondland’s admission that he never ...
- The Real Problem With Impeachment Is the People’s Sovereignty
By Shmuel Klatzkin
And the Deep State is decidedly against it.
n November 14’s Wall Street Journal, Peggy Noonan properly calls to mind
the American ideal ...
![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")
