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The subpoenas and discovery requests sent out as part of a lawsuit against the federal government are going to bring back reams ...
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LOS ANGELES, Calif.—Los Angeles Unified School District (LAUSD), the second largest school district in the United States, is facing a lawsuit from ...
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By Jack Phillips
The U.S. Postal Service (USPS) confirmed it has created a division that will oversee mail-in ballots in future elections.
Adrienne Marshall, executive director of the ...
- House Incumbents Who Voted to Impeach Trump Face Tough Primary in Washington
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Two of the 10 House Republicans who voted to impeach former President Donald Trump last year are seeking to stay in Congress, when they ...
- Sen. Johnson Expects ‘Deal’ to Conceal Indictment of Hunter Biden
By Jack Phillips
Sen. Ron Johnson (R-Wis.) said Sunday that he expects there to be an agreement to conceal an indictment of Hunter Biden.
Johnson predicted in ...
- Michigan Citizens’ Initiative to Outlaw Private Elections Funding, Require Voter ID Headed for Passage
By Steven Kovac
A citizen-initiated bill to ban private funding of elections, prohibit the secretary of state from sending out unsolicited applications for absentee ballots, ...
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A host of The Hill’s morning show says she abruptly resigned because she was blocked from taking part in a recent interview ...
- Pennsylvania GOP Voters Predict Preferred 2024 Presidential Nominee
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The Pennsylvania Department of State counts 4 million registered Democratic voters in the state and 3.5 million Republicans as of May 2022. ...
- Controversial Hunter Biden FBI briefing back in spotlight after whistleblower claims
By Jerry Dunleavy, Justice Department Reporter
Two top Senate Republicans want answers on a controversial summer 2020 FBI briefing, as whistleblower disclosures claim the bureau improperly labeled evidence on Hunter Biden ...
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By Naveen Athrappully
The Biden administration is being slammed for attempting to change the definition of an economic recession, just ahead of the upcoming second-quarter GDP ...
- US Senate Passes $280 Billion CHIPS Act for Domestic Semiconductors
By Andrew Thornebrooke
The U.S. Senate passed its controversial chips and science legislation on July 27. The measure will now go to the House and, should it ...
- Trump Reveals Why He ‘Can’t’ Leave Politics
By Jack Phillips
Former President Donald Trump on Tuesday revealed that he cannot leave politics during his first speech in more than a year in Washington, D.C.
“Never ...
![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")
