- Abortion Clinics Start Closing After Roe v. Wade Ruling
By Tom Ozimek
Abortion clinics in multiple states closed their doors on June 25 following the Supreme Court decision to overturn Roe v. Wade and ...
- Biden Accidentally Reveals Very Specific Cheat Sheet Reminding Him How to Act
By Rita Li
A cheat sheet giving U.S. President Joe Biden specific instructions on how to behave was captured on camera during a June 23 conference.
The 79-year-old ...
- Kansas to Be First Test of Voter Sentiment in the ‘Post-Roe’ Era
By John Haughey
The first ballot test of the official, newly-minted “post-Roe era” will be on Aug. 2, when Kansas voters are presented with a proposed amendment ...
- House Republicans Voice Opposition to Senate Gun Control Legislation
By Frank Fang
House GOP leaders have announced that they will vote against the Senate’s gun control bill, with House Republican Whip Steve Scalise (R-La.) saying he ...
- Senate Breaks Filibuster on Gun Deal, Clearing the Way for Final Passage
By Joseph Lord
The U.S. Senate on June 23 voted to break the filibuster on a controversial gun deal hammered out between Republicans and Democrats, clearing the ...
- Supreme Court Allows GOP Legal Defense of North Carolina’s Embattled Voter ID Law
By Matthew Vadum
The Supreme Court ruled 8-1 on June 23 that North Carolina’s Republican-controlled legislature must be allowed to step in to advocate for a ...
- Police Husband of Teacher Killed in Texas School Shooting ‘Detained,’ Had Gun Taken Away
By Caden Pearson
A Uvalde police officer whose teacher wife was killed in the mass shooting at Robb Elementary School was blocked by law enforcement from trying to help her, an ...
- NRA Responds to Senate’s Gun-Control Bill
By Jack Phillips
The National Rifle Association (NRA) responded to the Senate’s gun control package by saying it “falls short on every level.”
“The NRA will support ...
- Andrew Gillum Charged With Wire Fraud, Making False Statements
By Zachary Stieber
The man who ran against Ron DeSantis in Florida’s 2018 gubernatorial race has been charged with wire fraud, conspiracy, and making false ...
- Critical Race Theory is Part of Globalist Power Grab: Expert
By Samantha Flom
Concerns over the influence of critical race theory on public education have erupted over the past few years, sparking a moral outcry at school ...
- ‘Such Courage’: Trump Praises Texas GOP for Disavowing Result of 2020 Presidential Election
By Gary Bai
Former President Donald Trump has praised the Texas GOP for adopting a platform on June 18 that rejected the results of the 2020 presidential ...
- State Representatives Propose Legislation to Criminalize Bringing Children to Drag Shows
By Patricia Tolson
In the aftermath of a drag show at a gay bar in Texas attended by children, state representatives in Texas and Florida ...
![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")
