- ‘I Will Be There’: Trump Announces He’ll Join ‘Historic’ Rally on Jan. 6
By Jack Phillips
President Donald Trump on Jan. 3 said he will join the rally on Jan. 6 and march as the joint session of Congress convenes to count the Electoral ...
- Trump: Georgia Secretary of State ‘Unable’ to Answer ‘Ballots Under Table’ Questions; Raffensperger Says It’s ‘Not True’
By Jack Phillips
President Donald Trump said that Georgia Secretary of State Brad Raffensperger was unable to answer questions about boxes of ballots being wheeled out from under a ...
- Pelosi Reelected as House Speaker in Tight Vote
By Ivan Pentchoukov and Mark Tapscott
The U.S. House of Representatives voted 216-209 to re-elect Rep. Nancy Pelosi (D-Calif) as the speaker on Jan. 3 to lead ...
- Trump in ‘Good Position’ for Electoral Vote Showdown: Grennell
By Jack Phillips
President Donald Trump is in a “really good position” for Wednesday’s challenge in Congress, according to former Director of National Intelligence Ric Grenell.
“The Democrats have ...
- Facebook Shuts Down Page for GOP Senate Campaigns Just Before Georgia Runoffs
By Zachary Stieber
Facebook shut down a fundraising page for Sens. Kelly Loeffler (R-Ga.) and David Perdue (R-Ga.) just days before voters head to the polls to decide between the ...
- Sidney Powell: ‘Definitely Possible’ Trump Retains Presidency
By Tom Ozimek
Attorney Sidney Powell told FlashPoint host Gene Bailey in a Dec. 29 interview that she believes it is “definitely possible” that President Donald Trump retains the ...
- Hacker Claims His Team Got Access to Polling Systems
By Gary Dy and Allen Zhong
Jovan Hutton Pulitzer, an Internet guru and inventor, said on Wednesday that his hacker team got access to polling ...
- Gohmert on Lawsuit Dismissal: ‘If I Don’t Have Standing to Do That, Nobody Does’
By Zachary Stieber
Rep. Louie Gohmert (R-Texas) said late Friday, after a federal judge dismissed the lawsuit he and others filed against Vice President Mike Pence, that the ruling ...
- 24 Louisiana State Reps Urge GOP Congressional Delegation to Reject Biden-Harris Electors
By Mimi Nguyen Ly
Twenty-four Louisiana House Republicans are calling on the state’s Republican congressional delegation to reject the electors for Democratic presidential candidate Joe Biden and ...
- Georgia Election Data Shows 17,650 Votes Switched From Trump to Biden: Data Scientists
By Allen Zhong
Georgia election data indicates 17,650 votes were switched from President Donald Trump to Democratic presidential candidate Joe Biden, data scientists testified on Wednesday ...
- 11 More GOP Senators to Object to Electoral College Votes
By Zachary Stieber
A group of 11 senators on Saturday announced they’re going to challenge electoral votes during the Jan. 6 joint session of Congress.
“America is a ...
- Pelosi’s House Defaced With Leftist Graffiti, Fake Blood, Pig Head: Reports
By Tom Ozimek
The San Francisco home of House Speaker Nancy Pelosi (D-Calif.) was reportedly vandalized over night on Jan. 1, with messages scrawled on the garage ...
![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")
