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By David Shepardson
WASHINGTON (Reuters) – The White House Office of Management and Budget (OMB) said Friday that federal agencies will use artificial intelligence to ...
- Social media erupts over Biden’s Big Tech ties after Facebook, Twitter censor NY Post’s story on Hunter
By Evie Fordham, Yael Halon | Fox News
A former Facebook exec will oversee enforcement of the Biden campaign’s ethics plan.
The Biden campaign is facing renewed criticism over ...
- Free speech rally marred by violence as counterprotesters storm event, beat pro-Trump demonstrators
By Paul Best | Fox News
An organizer of the protest had a tooth knocked out.
A rally called to promote free speech and denounce big tech censorship turned ugly Saturday in San Francisco, ...
- Biden campaign warns against complacency in memo: ‘Donald Trump can still win this’
By Peter Doocy, Marisa Schultz | Fox News
The Biden campaign sent out a three-page memo to supporters Saturday warning that President Trump can still win and the race is “neck and ...
- Cops rip Biden’s claim they should be trained to shoot suspects ‘in the leg’
By Marisa Schultz | Fox News
Police reject the ‘incredibly ignorant suggestion’
Law enforcement groups blasted Vice President Joe Biden for again suggesting training police to shoot suspects “in the leg” is a ...
- USNN Endorses Donald John Trump For President
By NH POLITICIAN
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television ...
- String of ballot mishaps confirms mail-in vote fears
By Ronn Blitzer | Fox News
The Honest Elections Project warns many states are not equipped for mail-in voting.
The Honest Elections Project is warning that recent events ...
- Biden’s ABC town hall questioners include former Obama speechwriter, wife of former Pennsylvania Dem candidate
By Tyler Olson | Fox News
Former Obama-Biden administration speechwriter among questioners at ABC town hall.
Two of the questioners at the ABC town hall featuring Democratic presidential candidate Joe Biden on Thursday had ...
- Twitter’s Un-American Censorship of the New York Post
By DAVID HARSANYI
Some of the most powerful gatekeepers of political speech are simply shutting down inconvenient stories while journalists stand by and cheer.
You can imagine, ...
- C-SPAN’s Scully on leave admitting lying about Trump tweet, Twitter account being hacked
By Joseph A. Wulfsohn | Fox News
Scully was set to moderate the now-canceled second presidential debate.
C-SPAN has suspended political editor Steve Scully, who was at one ...
- Twitter’s double standard emerges after NY Post Hunter Biden story blocked, other media get pass, critics say
By Brian Flood | Fox News
‘Their goal is to make it as unfair and undemocratic as possible,’ Dan Gainor says.
Twitter faced unrelenting backlash after blocking the spread ...
- Lara Logan visits Nancy Pelosi’s San Francisco mansion in ‘The Socialist Invasion’
By Yael Halon | Fox News
‘The super-wealthy, like Harris and Pelosi, are always exempt from the socialist policies they push on everyone else’, says Fox Nation ...
![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")
