- Biden panned for playing ‘Despacito’ at Hispanic Heritage Month event
By Joseph A. Wulfsohn | Fox News
Joe Biden raised eyebrows on Tuesday evening over his attempt to appeal to Hispanic voters at a campaign event in Kissimmee, Fla.
The ...
- Refugees from socialist countries warn Americans: Don’t let it happen here
By Maxim Lott | Fox News
Immigrants who settled in the U.S. say recent political shifts here are starting to remind them of what they left behind.
One ...
- Oregon drivers stopped at gunpoint by groups protecting wildfire ravaged properties from looters: sheriff
By Danielle Wallace | Fox News
The Clackamas County Sheriff’s Office responded to more than 330 calls for service over the past week – a 400% increase ...
- Trump to preside over signing of historic Middle East deals at White House
By Adam Shaw | Fox News
President Trump will preside over the signing of two historic deals between Israel and two Gulf nations at the White House on Tuesday – a ...
- Kamala Harris accidentally touts plans under a ‘Harris administration’ during virtual roundtable
By Joseph A. Wulfsohn | Fox News
‘Joe better hire a food taster,’ one critic advised the former VP.
Kamala Harris, Joe Biden’s running mate in the 2020 election, raised ...
- Wounded hero LA County sheriff’s deputy identified, was librarian before joining police force
By Stephanie Pagones | Fox News
Claudia Apolinar is being lauded for her ‘intestinal fortitude’.
One of the sheriff’s deputies ambushed Saturday night by a brazen gunman previously worked as a librarian ...
- New House bill would create payroll tax holiday for American workers
By Megan Henney FOXBusiness
Americans would receive a four-month pay raise under Rep. Brady’s bill.
A top House Republican introduced legislation that would create a temporary payroll tax holiday from Sept. 1 ...
- Bob Woodward maintains he did nothing wrong by sitting on Trump audio
By Brian Flood | Fox News
‘Historians are going to be writing about the whole lost month of February for tens of years,’ he said.
Veteran journalist Bob Woodward maintained Monday that ...
- Biden pushes gun control less than 24 hours after attempted assassination on deputies
By Bradford Betz | Fox News
Trump has used the ambush to portray Biden as weak on crime.
Democratic presidential nominee Joe Biden on Sunday called for gun control less ...
- New details on condition of LA deputies attacked in patrol car, huge reward offered for info on triggerman
By Stephanie Pagones | Fox News
Both sheriff’s deputies now listed in stable condition.
Los Angeles police officials have announced a $100,000 reward for information that leads them to the gunman ...
- Trump calls for swift justice in shooting of ambushed deputies as manhunt intensifies in LA
By Andrew O’Reilly | Fox News
Authorities have offered a $100,000 for information leading to an arrest and conviction.
President Trump argued on Sunday for tougher criminal sentencing guidelines ...
- Republicans demand answers on Mueller team wiping phones, suggest ‘anticipatory obstruction of justice’
By Brooke Singman | Fox News
Congressional Republicans call the purported accidental ‘wiping’ an ‘amazing coincidence’.
Congressional Republicans demanded answers on Friday as to whether there “was a ...
![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")
