- Trump: Increase Payments to Americans, and ‘Get Rid of the Pork’
By Jack Phillips
President Donald Trump again demanded that Congress increase direct payments and get rid of non-pandemic-related measures in the latest stimulus bill.
“Increase payments to the ...
- Estimate: Millions Lost Benefits as Congress Failed to Meet Trump Demand for $2,000 Stimulus Checks
By Ivan Pentchoukov
Millions of people lost federal unemployment benefits on Saturday as Congress failed to meet President Donald Trump’s demand for $2,000 stimulus checks to be ...
- New York Democratic Party Chief Warns Ocasio-Cortez Not to Challenge Schumer
By Jack Phillips
The head of New York state’s Democratic Party said Rep. Alexandria Ocasio-Cortez (D-N.Y.) should not challenge Senate Minority Leader Chuck Schumer (D-N.Y.).
“I think it would be a primary ...
- Trump Urges GOP Senators to ‘Step Up and Fight for the Presidency’
By Janita Kan
President Donald Trump on Saturday called on Republican senators to “step up and fight for the presidency” as they continue to distance themselves ...
- Tennessee Asks Trump for Emergency Aid After Christmas Blast
By Zachary Stieber
Tennessee’s governor has requested emergency aid from President Donald Trump after a detonation rocked downtown Nashville on Christmas.
Gov. Bill Lee, a Republican, ...
- Governors Should Never Have Been Allowed to Become ‘Dictators’
By Masooma Haq
In an early morning Christmas Day interview, Sen. Rand Paul (R-Ky.) said that governors should never have been allowed to accumulate so ...
- FBI Looking at ‘A Number of Individuals’ in Nashville Explosion
By Zachary Stieber
The FBI and law enforcement partners are looking at “a number of individuals” in their investigation of the explosion that went off in downtown ...
- Deadly Force Could Be Used Against Aircraft Over Nashville: FAA
By Allen Zhong
The Federal Aviation Administration (FAA) classified airspace over Nashville as “National Defense Airspace” in a temporary flight restriction and said the government ...
- Giuliani: Election-Related Cases Going to ‘Blow Up’ After Christmas
By Zachary Stieber
Election-related lawsuits and similar matters are going to “blow up” after Christmas, President Donald Trump’s lawyer, Rudy Giuliani, said this week.
In a self-hosted podcast ...
- Majority of Americans Support Free Market Over Socialist Economic System: Poll
By Bowen Xiao
A majority of Americans prefer a free-market economic system over a socialist economic system, according to a recent poll conducted jointly by ...
- Arizona Judge Dismisses Lawsuit to Enforce Subpoenas for Election Record, Opens Opportunity for Refile
By GQ Pan
A Maricopa County Superior Court judge on Wednesday dismissed a lawsuit by Arizona Senate’s Republican leadership seeking to get access to the ...
- Trump and Melania Wish Americans Merry Christmas in Video Message
By Allen Zhong
President Donald Trump and First Lady Melania Trump wished Americans a Merry Christmas and Happy New Year, expressing gratitude to God and courageous citizens.
“The President and I want to ...
![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")
