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By Jack Phillips
A county Republican Party in Kentucky demanded that Senate Minority Leader Mitch McConnell (R-Ky.) resign as leader after his comments on the Senate floor over ...
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By Ella Kietlinska and Joshua Phillipp
Proponents of Texas independence anticipate winning the referendum in which Texans will decide whether a process to determine the best way ...
- READ: Former President Donald Trump’s Full Statement on Mitch McConnell
By The Epoch Times Staff
Former President Donald Trump issued a statement on Mitch McConnell on Tuesday.
Read the full statement here:
Statement by Donald J. Trump, 45th President ...
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By Jack Phillips
Former President Donald Trump, in a strongly-worded statement, criticized Senate Minority Leader Mitch McConnell’s (R-Ky.) leadership and said the Republican Party won’t be successful in ...
- Aim of Impeachment Was to Paint All Trump Voters as Criminals
By Tom Ozimek
Rep. Mike Johnson (R-La.) says Democrats used the impeachment of former President Donald Trump as a tool to paint all of his supporters with the brush ...
- Support for Third US Political Party Reaches High Point: Poll
By Zachary Stieber
Some six out of 10 people believe America needs a third political party to jockey with Republicans and Democrats because those parties ...
- Dominion Owned Machines Removed 6% of Votes from Each Windham, New Hampshire GOP Candidate – Same Machines Used in 85% of Towns
By Jim Hoft
Here is a major update to our report on voter fraud in New Hampshire.
As we previously reported —
A recent hand recount in ...
- Biden Calls on Congress to Restrict Gun Ownership
By Zachary Stieber
President Joe Biden on Feb. 14 urged Congress to strengthen existing laws concerning gun ownership on the third anniversary of the mass shooting at ...
- Bartiromo, Pirro, Dobbs File Motions to Dismiss Smartmatic Lawsuits
By Jack Phillips
Fox News personalities Maria Bartiromo and Jeannine Pirro, as well as former Fox News host Lou Dobbs, filed separate motions on Friday to dismiss ...
- Impeachment Managers Admitted Trump Was Not Impeached for His Words: Sen. Rand Paul
By Samuel Allegri
Sen. Rand Paul (R-Ky.) said on Thursday that the House Democrats conducting the impeachment of former President Donald Trump were not able ...
- States Push to Rein in Big Tech as Federal Gears Grind Slow
By Tom Ozimek
States are moving with urgency in seeking to rein in alleged abuses by Big Tech companies, while the federal government is preoccupied with COVID-19 ...
- Texas Official Announces Legislation to ‘Protect’ National Anthem in Wake of NBA Controversy
By Zachary Stieber
A top Texas official on Wednesday said he would push for state legislators to pass a bill that would require events receiving public funding ...
![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")
