- Trump: ‘I Hope Mike Pence Comes Through for Us’
By Janita Kan
President Donald Trump said on Monday that he hopes Vice President Mike Pence will do more than just carry out a ceremonial role ...
- GOP Congressman Signs First Objection to States’ Certifications for Jan. 6 Electoral Challenge
By Jack Phillips
Rep. Mo Brooks (R-Ala.) said Monday that he signed an objection to the electoral vote in six states ahead of the Joint Session of ...
- Sen. Kelly Loeffler to Object to Electoral College Certification Process
By Mimi Nguyen Ly
Sen. Kelly Loeffler (R-Ga.) announced on Monday that she will object to Electoral College votes when lawmakers gather for a joint session ...
- Leaked Report Reveals ‘Systematic Malpractice’ in China’s Organ Transplant System: Expert
By Nicole Hau and Cathy He
Evidence of large-scale forced organ harvesting has cast a shadow on China’s organ transplant system for more than a decade.
Now an internal ...
- Americans’ Distrust of Media Reaches New High, Gallup Says
By Matthew Vadum
Americans’ distrust of mass media has reached a record high, with 33 percent of those polled by Gallup saying they had no confidence at all in ...
- Pro-Trump Protest Organizers Announce New Details for Jan. 6
By Zachary Stieber
People organizing pro-President Donald Trump protests in Washington for Jan. 6 announced new details over the weekend.
Amy Kremer, a “March for Trump” ...
- Pence: ‘We’ll Have Our Day in Congress’ During Jan. 6 Electoral Challenge
By Jack Phillips
Vice President Mike Pence addressed the upcoming Jan. 6 electoral challenge, saying that President Donald Trump and Republicans will “have our day in Congress.”
“I ...
- DC National Guard Activated to Help Support Police During Pro-Trump Protests
By Zachary Stieber
More than 300 District of Columbia National Guardsmen will be in Washington this week to help support police officers patrolling protests scheduled by supporters of ...
- Rep. Jim Jordan to Challenge Electoral Votes: ‘We Have a Duty to Step Forward’
By Jack Phillips
Rep. Jim Jordan (R-Ohio) said he will challenge the electoral votes on Jan. 6 because Democrats weaponized mail-in ballot initiatives in key ...
- Georgia Rep. Vernon Jones: Vote to Keep Socialism From Our Communities
By Isabel Van Brugen
Georgia state Rep. Vernon Jones (D-Ga.), a Democrat who is a supporter of President Donald Trump, on Jan. 2 called on voters to back ...
- Over 432,000 Votes Removed From Trump in Pennsylvania, Data Scientists Say
By Allen Zhong
Pennsylvania election data shows that over 432,000 votes were removed from President Donald Trump during the November election, data scientists say.
According to an ...
- 6-Person Team Briefs Hundreds of State Lawmakers on Election Irregularities
By Ivan Pentchoukov and Zachary Stieber
A six-person team that included Rudy Giuliani and Peter Navarro briefed hundreds of state lawmakers about evidence of election irregularities, ...
![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")
