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A San Francisco judge has ordered that evidence relating to the attack on Paul Pelosi must be released to the public, including police body ...
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Reps. Adam Schiff (D-Calif.), Eric Swalwell (D-Calif.), and Ilhan Omar (D-Minn.) vowed to “stick together” on Jan. 25 in response to House Speaker Kevin McCarthy’s (R-Calif.) refusal to ...
- Arkansas Senate Approves Bill Classifying Drag Performances as Adult Entertainment
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The Arkansas Senate voted on Jan. 24 to approve legislation that would classify drag performances as an “adult-oriented business” in the same way as strip clubs and escort ...
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California flushed trillions of gallons of rainwater from January storms out to the ocean instead of saving it in reservoirs and pumping it ...
- McCarthy Formally Rejects Schiff, Swalwell From House Intel Committee
By Caden Pearson
House Speaker Kevin McCarthy on Tuesday officially rejected Reps. Adam Schiff (D-Calif.) and Eric Swalwell (D-Calif.) for seats on the House Intelligence Committee after House Minority ...
- Here Are the GOP Lawmakers to Serve on COVID-19 Pandemic, Weaponization of Government Panels
By Mimi Nguyen Ly
House Speaker Kevin McCarthy (R-Calif.) released a list of Republican lawmakers who will serve on two select subcommittees to investigate the coronavirus pandemic, and the weaponization ...
- Trump Defends Pence After Discovery of Classified Documents at Indiana Home
By Frank Fang
Former President Donald Trump defended former Vice President Mike Pence on Tuesday, after classified documents were found at Pence’s home in Indiana.
“Mike Pence is an innocent ...
- Ghislane Maxwell on Jeffrey Epstein’s Death: ‘I Believe That He Was Murdered’
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Former socialite and convicted sex trafficker Ghislaine Maxwell told Britain’s Talk TV in a jailhouse interview that she believes her former associate and disgraced ...
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A recent report by the Congressional Budget Office (CBO) projects that two major Social Security funds in the United States will dry out in ...
- ‘EV Mania May Be Over’ as Car Production Estimates and Executive Enthusiasm Wane: Institute for Energy Research
By Naveen Athrappully
Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply ...
- Climate Activists Panic That Twitter Under Musk Allows More Dissenting Views on Global Warming
By Bryan Jung
An organization that says it is a coalition of “climate and anti-disinformation organisations” says Twitter under CEO Elon Musk is allowing more dissenting views ...
![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")
