- Trump-Backed Boebert Wins Colorado Republican US House Primary
By Nanette Holt
Trump-backed Rep. Lauren Boebert (R-Colo.) easily blasted past her challenger, a veteran state lawmaker, to win the Republican primary on June 28.
By 9:57 p.m. ...
- Texas Attorney General Launches Investigation Into Walmart’s Prescription Opioid Sales
By Katabella Roberts
Texas Attorney General Ken Paxton said on Tuesday said he is investigating retail giant Walmart over potential violations of the Texas Deceptive Trade Practices Act relating to its ...
- Oil and Coal Jobs Fall Sharply as Washington Promotes Green Energy
By Naveen Athrappully
Jobs in the U.S. oil and coal industry fell in 2021 while employment expanded in the green energy sector, according to the ...
- Ghislaine Maxwell Sentenced to 20 Years in Prison
By Dave Paone
NEW YORK—Ghislaine Maxwell, who was once an international, jet-setting socialite, was sentenced to 20 years in prison on June 28 for trafficking young ...
- At Least 46 People Found Dead in a Truck Carrying Suspected Migrants in San Antonio
By Mimi Nguyen Ly
At least 46 people were found dead in an 18-wheeler truck carrying suspected illegal immigrants on a remote back road in ...
- South Carolina Rep. in Leaked Audio Strategizes ‘Sleepers’ and ‘Dope Money’ to Finance Senate Campaign
By Matt McGregor
A South Carolina state representative on the ballot for the Democratic primary runoff on June 28 for the U.S. Senate has been heard in ...
- Joe Biden unwittingly helped finance Hunter’s trysts with Russia-linked escorts
By Andrew Kerr, Investigative Reporter & Jerry Dunleavy, Justice Department Reporter
President Joe Biden apparently unwittingly financed his son’s participation in an escort ring tied to Russia, records from a ...
- Pelosi Appears to Elbow Away Daughter of Newly Elected Congresswoman
By Darlene McCormick Sanchez
Mayra Flores praises daughter for standing her ground.
Rep. Flores (R-Texas) has responded to a video in which House Speaker Nancy Pelosi (D-Calif.) appeared to ...
- Prosecutors Oppose Ghislaine Maxwell’s Last-Minute Bid to Delay Sentencing
By Dave Paone
NEW YORK—The prosecutors in the case against Jeffrey Eppstein associate Ghislaine Maxwell on June 26 dismissed claims raised by the defendant’s attorneys, who told ...
- Concerned Graduates of West Point Challenge Leadership of Military Academy: Letter
By Enrico Trigoso
Three retired U.S. military officers—LTG Thomas McInerney, USAF; MG Paul Vallely, U.S. Army; and Colonel Andrew O’Meara Jr., U.S. Army—signed a letter authored ...
- Trump Talks Energy, War, Illinois Primaries in New Interview
By The Center Square
Former President Donald Trump criticized his successor’s energy policies, predicted rolling blackout and brownouts this summer, and warned of the potential for another world war ...
- Oath Keepers FBI Interviews Contradict Indictment Charges
Joseph M. Hanneman
An Indiana Oath Keepers leader who was in charge of security operations for the group in Washington on Jan. 6, 2021, was indicted by ...
![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 8")
