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By Melissa Leon | Fox News
California Democratic Gov. Gavin Newsom signed 15 gun-related bills into law Friday, tightening the state’s already-stringent Second Amendment restrictions.
One of the bills, which expands a so-called “red ...
- Trump headlines Minneapolis rally amid Dems’ impeachment push, tussle over security costs
By Gregg Re | Fox News
President Trump was headlining a rally in Minneapolis on Thursday evening, even after his campaign threatened a lawsuit over the city’s effort to recover ...
- Minneapolis police officer running against Ilhan Omar calls her ‘absentee landlord,’ says constituents are not happy
By Julia Musto | Fox News
Freshman Rep. Ilhan Omar, D-Minn., is an “absentee landlord” in her home state and residents aren’t happy, Minneapolis police officer and congressional candidate Chris Kelley said ...
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By Brian Flood | Fox News
Embattled NBC News Chairman Andy Lack has managed to keep his job amid a laundry list of scandals, but a new spotlight is being ...
- Rep. Meadows on impeachment process: ‘Hardened criminals have better protections’ than Trump
By Nick Givas | Fox News
Average criminals have more legal protections than President Trump does in his impeachment fight against congressional Democrats, said Rep. Mark Meadows, R-N.C., on “America’s Newsroom” Thursday.
“Listen, ...
- Tucker Carlson: The left accuses others of being misogynists, but they protected Harvey Weinstein for years
By Tucker Carlson | Fox News
It is the most reliable standard in politics.
In fact, take these words, put them on a piece of paper, put them ...
- Biden campaign slams NY Times for running ‘Clinton Cash’ author’s op-ed on ex-VP’s Ukraine ties
By Brie Stimson | Fox News
The deputy manager of Joe Biden’s 2020 presidential campaign slammed The New York Times on Wednesday in a letter to the newspaper’s executive editor — blasting ...
- Two Giuliani associates linked to Ukraine investigations indicted on campaign finance charges
By Ronn Blitzer | Fox News
Two associates of Rudy Giuliani who have been linked to his investigations in Ukraine have been indicted for campaign finance violations, according to court documents ...
- Pence Working to Release Records of His Ukraine Calls, Says They Would Exonerate Trump
By Ivan Pentchoukov
Vice President Mike Pence is working with the White House to release records of his two calls with Ukrainian president Volodymyr ...
- Trump celebrates young African immigrant’s prayer at White House: ‘So amazing!’
By Caleb Parke | Fox News
After President Trump finished his speech to the Young Black Leadership Summit at the White House, a young woman in attendance yelled something that stopped the president ...
- Trump campaign takes tight control of convention delegate process in bid to avoid 2016-style drama
By Paul Steinhauser | Fox News
President Trump’s re-election campaign and the Republican National Committee are tightening their grasp on the delegate selection process for next year’s GOP convention in a ...
- Trey Gowdy to join Trump’s legal team on impeachment inquiry: report
By Brie Stimson | Fox News
Former U.S. Rep. Trey Gowdy, R-S.C., is joining President Trump’s legal team as outside counsel for the House’s expanding impeachment inquiry, according to ...
![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")
