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By Ivan Pentchoukov
Vice President Mike Pence is working with the White House to release records of his two calls with Ukrainian president Volodymyr ...
- Trump celebrates young African immigrant’s prayer at White House: ‘So amazing!’
By Caleb Parke | Fox News
After President Trump finished his speech to the Young Black Leadership Summit at the White House, a young woman in attendance yelled something that stopped the president ...
- Trump campaign takes tight control of convention delegate process in bid to avoid 2016-style drama
By Paul Steinhauser | Fox News
President Trump’s re-election campaign and the Republican National Committee are tightening their grasp on the delegate selection process for next year’s GOP convention in a ...
- Trey Gowdy to join Trump’s legal team on impeachment inquiry: report
By Brie Stimson | Fox News
Former U.S. Rep. Trey Gowdy, R-S.C., is joining President Trump’s legal team as outside counsel for the House’s expanding impeachment inquiry, according to ...
- Jason Chaffetz: Durham’s expanded probe is ‘bad news’ for Obama-era intel officials
By Julia Musto | Fox News
U.S. Attorney John Durham’s decision to expand the scope and timeline of his investigation into the origin of the Russia probe is “bad news” for Obama-era ...
- Trump wants whistleblower ‘exposed and questioned’ after reports of ties to 2020 Dem
By Adam Shaw | Fox News
President Trump pressed Wednesday for the Ukraine call whistleblower to be “exposed and questioned” after new reports surfaced suggesting the whistleblower has ties to a 2020 ...
- John Kerry’s comments on foreign leaders during 2004 election season resurface amid Trump-Ukraine controversy
By Liam Quinn | Fox News
After former President Bill Clinton’s request for help from a foreign official resurfaced Monday, now it’s John Kerry’s turn in the spotlight.
On Tuesday’s ...
- White House announces it will not comply with ‘illegitimate and unconstitutional’ impeachment inquiry
By Gregg Re, John Roberts | Fox News
The White House outlined in a defiant eight-page letter to House Speaker Nancy Pelosi and top Democrats on Tuesday why it will not participate in their ...
- Democrats trying to ‘overturn the will of the American people,’ Pence chief of staff says
By Charles Creitz | Fox News
Democrats’ impeachment inquiry is part of an attempt to undermine the will of the voters, according to a top aide to Vice President Mike ...
- Jim Jordan blasts ‘unfair’ House impeachment process, defends EU envoy’s no-show
By Charles Creitz | Fox News
Jim Jordan defended U.S. Ambassador to the European Union Gordon Sondland’s failure to appear before House lawmakers amid their Trump impeachment inquiry.
Rep. Jordan, R-Ohio, ...
- McConnell ad telegraphs plan to protect Trump against Pelosi in impeachment fight
By Ronn Blitzer | Fox News
While Senate Majority Leader Mitch McConnell has pledged to take up the impeachment fight in the Senate should the House move against President Trump, a new campaign ad from ...
- Trump on Troop Withdrawal From Syria: ‘Time to Get out of These Ridiculous Endless Wars’
BY ZACHARY STIEBER
President Donald Trump explained the rationale behind his decision to pull all U.S. troops from Syria, saying he wants the United States to ...
![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")
