- Fox News hosts break down Trump’s phone call controversy and Dems’ impeachment push
By Yael Halon | Fox News
Fox News’ primetime hosts reacted last night to the latest developments as Democrats ramp up their so-called impeachment inquiry of President Trump.
All of the ...
- Intel chief defends handling of Trump call complaint, spars with Schiff in tense hearing
By Brooke Singman | Fox News
Acting Director of National Intelligence Joseph Maguire, in tense testimony Thursday on Capitol Hill, defended his handling of the explosive whistleblower complaint alleging President ...
- Sen. Graham: Impeachment call before transcript was released tells me Pelosi ‘has lost control’
By Victor Garcia | Fox News
Sen. Lindsey Graham, R-S.C., said House Speaker Nancy Pelosi has “lost control” after she announced an impeachment inquiry Tuesday, defending President Trump against allegations he acted ...
- Rush Limbaugh: Democrats and media already experiencing ‘blowback’ over attacks on Trump
By Victor Garcia | Fox News
Conservative radio talk show Rush Limbaugh said Wednesday that Democrats are already experiencing “blowback” for taking aim against President Trump, including their push for impeachment following ...
- Cory Booker dodges question about Biden’s Ukraine ties, says Trump’s actions a ‘bridge too far’
By Nick Givas | Fox News
Sen. Corey Booker, D-N.J., side steps question on Biden’s ties to Ukraine, as Congress beats impeachment drum.
2020 presidential hopeful Sen. Cory Booker, D-N.J., ...
- Tulsi Gabbard won’t join fellow Democrats’ calls for impeachment: It would be ‘terribly divisive’
By David Montanaro | Fox News
Rep. Tulsi Gabbard, D-Hawaii, said Tuesday she will not join with other House Democrats in supporting the impeachment of President Trump.
The push for impeachment has picked ...
- 45 Google employees claim retaliation after reporting abuse, harassment, discrimination
By Christopher Carbone | Fox News
An explosive document written by 45 Google employees claims that they’ve been subjected to sexism, broken promises of promotion, harassment and retaliation.
The internal ...
- Trump and Modi Rally in Unity at Texas Stadium
BY BOWEN XIAO
President Donald Trump joined tens of thousands of Indian-Americans on Sept. 22 who were packed into a Houston, Texas, stadium for a rally with ...
- Biden’s campaign likely coming to an end — thanks to Clinton-linked Ukraine bombshell, Nunes says
By Gregg Re | Fox News
California Rep. Devin Nunes predicted on Fox News’ “Sunday Morning Futures” that Joe Biden’s campaign is likely coming to an end — all because of newly resurfaced ...
- Woman confronts Beto on gun confiscation at town hall: ‘I’m here to say, hell no you’re not’
By David Montanaro | Fox News
A Colorado woman confronted Democratic presidential candidate Beto O’Rourke Thursday on his controversial proposal to go after high-powered weapons through a mandatory buyback program.
“I am ...
- Controversy over Trump phone call centers on Ukraine, as president decries ‘partisan’ complaint
By Alex Pappas | Fox News
The developing controversy over a mysterious phone conversation President Trump had with a foreign leader apparently centers on Ukraine, as the president and ...
- Fox News Poll: Voters are frustrated with government, nervous about economy
By Dana Blanton | Fox News
Many voters are frustrated with how the federal government is working and a growing number are nervous about the economy — ...
![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")
