- Trump Makes Surprise Appearance at Sanders Campaign Event
By Ivan Pentchoukov
Former President Donald Trump made a surprise appearance at an event organized by the campaign of Sarah Huckabee Sanders, the former White House Press ...
- California Governor Admits Mistakes, Says Recall Unjustified
By The Associated Press
SACRAMENTO, CA — California Gov. Gavin Newsom acknowledged mistakes in his handling of the coronavirus pandemic, but insists the recall effort against him has more ...
- Alabama GOP Presents Framed Resolution to Trump as ‘One of the Greatest and Most Effective’ Presidents
By Samuel Allegri
The Alabama GOP gave former President Donald Trump a framed copy of a resolution the party passed unanimously, declaring him to be “one of ...
- IRS Starts Processing $1,400 Stimulus Checks, Payments to Start Showing up This Weekend
By Ivan Pentchoukov
The Treasury Department and the Internal Revenue Service (IRS) began processing a new wave of stimulus payments with the first checks expected ...
- Trump Makes Surprise Appearance at Dog Rescue Fundraiser
By Ivan Pentchoukov
Former President Donald Trump made an unannounced visit to a dog rescue fundraiser in Palm Beach on Friday.
“I didn’t exactly prepare for this, but I was ...
- New Hampshire will confiscate voting machines that ‘shorted’ Republicans by 6% of votes
By Raymond Wolfe
A Democratic candidate for state representative, Kristi St. Laurent, meanwhile, received 99 more votes than were actually cast for her.
CONCORD, NH – ...
- Cuomo Says He Won’t Resign, Blames ‘Cancel Culture’ for Calls to Step Down
By Jack Phillips
New York Gov. Andrew Cuomo on Friday said he again will not resign from office after more than a dozen New York Democratic U.S. representatives ...
- 90,000 Ballots in Largest Nevada County Sent to Wrong Addresses, Bounced Back: Report
By Petr Svab
More than 90,000 ballots mailed to registered voters in Nevada’s largest county were returned undeliverable, according to an analysis of the election ...
- Entire Staff Quit Nevada Democratic Party After Socialists Take Leadership: Report
By Gary Du
All the staff of the Nevada Democratic Party quit after Democratic Socialist (DSA) candidates took over leadership positions.
On Saturday, Judith Whitmer, who ...
- Five People Charged With Voter Fraud in Illinois: DA’s Office
By Jack Phillips
Five people are being accused of various election fraud-related cases during the Nov. 3 election, according to the DuPage County State’s Attorney’s Office ...
- Trump Builds Leverage for ‘Overhaul’ of GOP With Fundraising Gambit
By Ivan Pentchoukov
Former President Donald Trump over the last two weeks laid the foundation for exerting financial leverage over the Republican Party apparatus by instructing supporters to donate ...
- Trump Jr. Claims Cheney Allies Are Working to Defeat Wyoming Senate Bill on Election Runoffs
By Ivan Pentchoukov
Donald Trump Jr.. said on March 9 that allies of Rep. Liz Cheney (R-Wyo.) are working to derail a Wyoming bill that would establish a primary runoff election ...
![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 5")
