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By Jack Phillips
The Arizona State Legislature is scheduled to hold an election integrity hearing on Nov. 30 that will include President Donald Trump’s lawyers Jenna ...
- Pennsylvania Court Rejects Trump Appeal, Campaign Lawyers Say It’s ‘On to SCOTUS’
By Jack Phillips
The U.S. Third Circuit of Appeals in Pennsylvania on Friday rejected President Donald Trump’s campaign appeal in their challenge of the state’s ...
- Pennsylvania GOP Legislature Will Seek to Reclaim Power to Appoint Electors: State Senator
By Jack Phillips
Pennsylvania State Senator Doug Mastriano, a Republican, said Friday that the GOP-controlled state legislature will make a bid to reclaim its power to ...
- GOP Poll Observer: Hundreds of Thousands of Votes Counted With No ‘Oversight’ in Pennsylvania
By Jack Phillips
Several witnesses who spoke during a Republican state Senate-held event in Pennsylvania said that hundreds of thousands of votes were allegedly counted ...
- Regulators to End Preferential Treatment Given to US-Listed Chinese Companies
By Emel Akan
WASHINGTON—U.S. regulators are moving forward with a plan to crack down on Chinese companies traded in U.S. exchanges, overturning an agreement signed ...
- Trump Lawyer Jenna Ellis Says She’s Received ‘Hundreds’ of Threats
By Jack Phillips
President Donald Trump’s lawyer Jenna Ellis said she’s received “hundreds” of threats, including anonymous phone calls, in recent days.
Ellis, in an interview with ...
- Chinese Leader Xi Congratulates Biden As Trump Reportedly Moving to Take Tough Action Against Regime
By Nicole Hao
Chinese leader Xi Jinping has sent a congratulatory message to U.S. presidential candidate Joe Biden, after regime officials initially indicated it would avoid such an ...
- Truth-Seeking Americans Have the Moral High Ground
By The EPOCH Times Editorial Board
When communists such as Mao Zedong, Fidel Castro, or Vladimir Lenin overthrew governments in order to impose totalitarian control, ...
- Larry Elder: Race Politics Are Based on a False Narrative
By Ella Kietlinska and Joshua Phillipp
Race politics in the United States, which are based on “critical race theory,” are unfounded, according to author, filmmaker, ...
- Election Findings Could ‘Easily’ Overturn 3 States, Data Analyst Concludes
By Charlotte Cuthbertson
WASHINGTON—The former data and strategy director for President Donald Trump’s 2016 election campaign says he has found enough evidence to suggest the ...
- Sidney Powell Suit Makes 30 Allegations in Bid to Invalidate Georgia Election Results
By Petr Svab
A lawsuit released by lawyers led by former federal prosecutor Sidney Powell makes 30 allegations of electoral fraud and other illegal and irregular activities ...
- Poll Watcher Describes Pennsylvania Election Irregularities, Including 47 Missing USB Cards
By Tom Ozimek
A Republican poll observer from Pennsylvania’s Delaware County told a Senate GOP Policy Committee hearing in Gettysburg on Wednesday that he witnessed ...
![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")
