- San Francisco Will Get Environmental Violation Notice Due to Trash From Homeless, Trump Says
BY IVAN PENTCHOUKOV
The Environmental Protection Agency (EPA) will issue a violation notice within a week to San Francisco due to the city’s homelessness crisis, President Donald Trump said on ...
- Dems launch longshot bid for DC statehood at rare hearing, as Republicans hammer local corruption
By Alex Pappas | Fox News
House Democrats, in their first hearing on D.C. statehood in more than 25 years, on Thursday advocated for the District of ...
- Whistleblower complaint, reportedly on Trump ‘promise’ to foreign leader, touches off DC firestorm
By Judson Berger | Fox News
A whistleblower complaint that reportedly involved allegations President Trump made a troubling and unspecified “promise” to a foreign leader touched off a new ...
- Clinton, Obama silent on Ed Buck donations after Dem megadonor’s arrest
By Gregg Re | Fox News
Hillary Clinton and Barack Obama still aren’t saying what they will do with money they received from Democratic megadonor Ed Buck, even after he was charged Tuesday with running ...
- Jordan and Meadows blast Democrats for avoiding the truth about the Russia investigation
By Joshua Nelson | Fox News
House Republicans Jim Jordan and Mark Meadows blasted Democrats for avoiding the truth about the Russia investigation on “Fox & Friends” on Wednesday.
“It was not only ...
- Ted Cruz on New York Times’ faulty Kavanaugh allegations: ‘This was not accidental’
By David Montanaro | Fox News
The allegations against Supreme Court Justice Brett Kavanaugh laid out in a now-revised New York Times story were not “accidental” and were part of a ...
- CNN contributor accuses Chris Cuomo of spreading ‘fake news’ about Trump in heated clash
By Joseph A. Wulfsohn | Fox News
A pro-Trump CNN commentator blasted his colleague, primetime anchor Chris Cuomo, for spreading “fake news” about President Trump during a heated debate about ...
- Hannity to Nadler on impeachment hearing: Dems ‘on your committee… look as dumb and stupid as you do’
By Victor Garcia | Fox News
Sean Hannity spoke directly to House Judiciary Committee chairman Jerry Nadler, D-N.Y., Tuesday and ripped him for his ...
- Millions of Americans’ medical images and data left ‘unprotected’ online, investigation reveals
By Christopher Carbone | Fox News
Medical images and health data belonging to
millions of Americans — including X-rays and CT scans — are
unprotected online and ...
- Microsoft’s Bill Gates regrets Jeffrey Epstein meeting: ‘I wish I hadn’t’
By Melissa Leon | Fox News
Microsoft founder Bill Gates says he regrets ever meeting with convicted sex offender Jeffrey Epstein to discuss philanthropy, according to a ...
- Major Democratic donor Ed Buck arrested, charged with running drug den
By Edmund DeMarche | Fox News
Ed Buck, the California Democratic megadonor, was arrested Tuesday and charged with operating a drug house after a ...
- Car plows into lobby of Trump Plaza condominium complex
By Danielle Wallace | Fox News
A car reportedly lost control and plowed through the lobby of a Trump Plaza condominium complex just outside of New York City Tuesday evening.
TRUMP ...
![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")
