- Judge Strikes Down NYC Vaccine Mandate for All City Workers
By Caden Pearson
A New York Supreme Court judge on Monday struck down New York City’s vaccine mandate for all city workers, finding the rule to be unconstitutional, arbitrary, ...
- Arizona Defies Biden Admin, Files Lawsuit and Starts Installing Shipping Container Barrier in Cochise County
By Katabella Roberts
Arizona has forged ahead with erecting a shipping container barrier along the Arizona-Mexico border in an effort to close the gaps, despite the Biden administration’s attempts to ...
- Biden Falsely Claims Student Debt Forgiveness Program Was Approved by Congress
By Zachary Stieber
President Joe Biden has falsely said that his administration’s new student debt relief program was approved by Congress as a piece of legislation.
“It’s passed,” Biden said. ...
- Biden Says He Wants to Limit Gun Owners to ‘8 Bullets in a Round’
By Jack Phillips
President Joe Biden on Sunday said that he is pushing a limit on gun owners having more than “eight bullets in a round.”
It’s unclear ...
- GOP Launches 73 Election Integrity Lawsuits Ahead of 2022 Midterms
By Jack Phillips
The Republican National Committee (RNC) has filed 73 lawsuits on election issues during the 2022 midterm election cycle, according to its chair.
RNC ...
- New Email Reveals Answer to Establishment’s Efforts to Oust Trump
By Jeff Carlson and Hans Mahncke
News Analysis
An FBI email previously not known to the public has revealed that the bureau planned to make Igor Danchenko—the primary ...
- Military Whistleblowers Sound Alarm on ‘Devastating’ Consequences of Pentagon’s Vaccine Mandate
By J.M. Phelps
Whistleblower service members are speaking out on behalf of thousands of service members whose careers have been jeopardized for objecting to Secretary ...
- Judge Strikes Down Controversial Clause in NY’s New Election Laws
By Allen Zhong
A New York state court judge on Friday struck down one controversial sentence in New York’s new election laws.
New York Supreme Court Justice Dianne Freestone ...
- Federal Appeals Court Temporarily Halts Biden’s Student Loan Relief
By Mimi Nguyen Ly
A federal appeals court on Friday temporarily blocked President Joe Biden’s plan to cancel billions of dollars in federal student loans.
The ...
- Lawyers Prepare to Sue Any State That Requires COVID-19 Vaccination to Attend School
By Zachary Stieber
Any state that requires COVID-19 vaccination to attend school will face a lawsuit, lawyers said this week.
The Informed Consent Action Network (ICAN), ...
- Biden Says It’s His ‘Intention’ to Run for Reelection in 2024
By Lorenz Duchamps
President Joe Biden said in an interview on Friday that it is his “intention” to run for reelection in 2024, though he ...
- Judge Orders Fauci, Psaki, Top Officials Be Deposed in Big Tech Censorship Case
By Caden Pearson
A federal court on Friday ordered Dr. Anthony Fauci and other top officials to testify under oath at depositions in a case that’s uncovered ...
![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 9")
