- Trump Says White House Considering Cutting Payroll Tax, Rejects Recession Fears
By Janita Kan
President Donald Trump said on Aug. 20 that the White House has long-considered cutting payroll tax and rejected warnings about a looming recession.
“Payroll ...
- San Francisco homeless stats soar: city blames big business, residents blame officials
By Barnini Chakraborty | Fox News
In the summer of 2019, Fox News embarked on an ambitious project to chronicle the toll progressive policies have had on the ...
- Detroit PD responds after Tlaib crudely attacks their use of facial recognition technology
By Sam Dorman | Fox News
Rep. Rashida Tlaib, D-Mich., got an invitation Tuesday to observe her hometown police department’s use of facial recognition technology soon after she crudely attacked the controversial ...
- Economist reacts to high numbers of New Yorkers fleeing to Florida because of high state taxes
By Frank Miles | Fox News
Heritage Foundation chief economist Steve Moore reacted to the high numbers of New Yorkers who are fleeing to Florida because of ...
- Harry Reid rips Dems over ‘Medicare-for-all,’ border policies: ‘Of course’ it will hurt us in 2020
By Ronn Blitzer | Fox News
Former Senate Democratic Leader Harry Reid had some harsh words for his party’s presidential candidates, rejecting some of their health care and immigration policies as ...
- Epstein Signed His Will Two Days Before Committing Suicide: Report
BY ZACHARY STIEBER
Jeffrey Epstein signed a will just two days before he was found unresponsive in his prison cell, according to a new report.
Epstein was found ...
- Trump Highlights Research Showing Google Shifted Millions of Votes to Clinton in 2016
BY PETR SVAB
President Donald Trump on Aug. 19 drew attention to research that shows the sway Google holds over election results after a former engineer for the ...
- Trump: US considering possibly buying Greenland, ‘essentially it’s a large real estate deal’
By Nick Givas | Fox News
President Trump spoke out Sunday on reports his administration has been looking into buying Greenland.
Trump addressed the rumors with reporters outside Marine One after ...
- Radio host Howie Carr calls Elizabeth Warren’s Native American proposal a ‘laundry list of free stuff’
By Nick Givas | Fox News
Radio host Howie Carr said Sunday that Sen. Elizabeth Warren’s Native American policy proposal is nothing more than “a laundry list of free stuff” ...
- Socialism Defined
By USNN
socialism
noun so·cial·ism | \ ˈsō-shə-ˌli-zəm \
Definition of socialism
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution ...
- Rep. Dan Crenshaw rips Antifa demonstrators, blasts Portland protests as ‘sad showing’
By Dom Calicchio | Fox News
In a Twitter message Saturday, U.S. Rep. Dan Crenshaw declared Saturday’s protests in Portland, Ore., “a sad showing,” and said the city’s Antifa activists paled in ...
- Tlaib hits back at Bill Maher for comments on BDS, compares Israel to apartheid South Africa
By Bradford Betz | Fox News
Rep. Rashida Tlaib, D-Mich., suggested Saturday that viewers boycott comedian Bill Maher’s HBO talk show after he devoted a segment of Friday’s program to bashing the ...
![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")
