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Category: Economy

The US Economy

Costco Sales Jump on a Shift in the Holiday Shopping Season
Posted inEconomy

Costco Sales Jump on a Shift in the Holiday Shopping Season

USNN World Newsby USNN World NewsJanuary 9, 2025January 9, 2025
US Private Sector Job Growth Slowed in Final Month of 2024
Posted inEconomy

US Private Sector Job Growth Slowed in Final Month of 2024

USNN World Newsby USNN World NewsJanuary 8, 2025January 8, 2025
New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know
Posted inEconomy

New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know

USNN World Newsby USNN World NewsJanuary 5, 2025February 5, 2025
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.
Posted inEconomy

US Dollar Index Hits Highest Level in 2 Years, Euro Falls

USNN World Newsby USNN World NewsJanuary 3, 2025June 19, 2025
Economists Discuss the Case of Sticky Inflation as US Moves Into 2025
Posted inEconomy

Economists Discuss the Case of Sticky Inflation as US Moves Into 2025

USNN World Newsby USNN World NewsDecember 31, 2024January 1, 2025
US Credit Card Defaults Reach Highest Point Since 2010
Posted inEconomy

US Credit Card Defaults Reach Highest Point Since 2010

USNN World Newsby USNN World NewsDecember 30, 2024December 30, 2024
US Trade Deficit Rises to More Than $100 Billion
Posted inEconomy

US Trade Deficit Rises to More Than $100 Billion

USNN World Newsby USNN World NewsDecember 30, 2024March 14, 2025
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’
Posted inEconomy

Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’

USNN World Newsby USNN World NewsDecember 29, 2024February 18, 2025
Economic Outlook for South Carolina: A Slow Brightening for 2025
Posted inEconomy

Economic Outlook for South Carolina: A Slow Brightening for 2025

USNN World Newsby USNN World NewsDecember 27, 2024December 27, 2024
US Home Prices Register 3rd Consecutive Monthly Gain
Posted inEconomy

US Home Prices Register 3rd Consecutive Monthly Gain

USNN World Newsby USNN World NewsDecember 26, 2024December 26, 2024
DOGE to Take on Pentagon’s $895.2 Billion Budget
Posted inEconomy

DOGE to Take on Pentagon’s $895.2 Billion Budget

USNN World Newsby USNN World NewsDecember 25, 2024May 20, 2025
A Year Defined by Interest Rate Cuts, Stock Market Boom, and Inflation
Posted inEconomy

A Year Defined by Interest Rate Cuts, Stock Market Boom, and Inflation

USNN World Newsby USNN World NewsDecember 24, 2024December 24, 2024

Posts pagination

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NATIONAL NEWS

  • Google Has Power to Shift Millions of Votes Through Targeted Messaging: Dr. Robert EpsteinGoogle Has Power to Shift Millions of Votes Through Targeted Messaging: Dr. Robert Epstein
    BY ELLA KIETLINSKA AND JAN JEKIELEK Big Tech companies such Google and Facebook have enormous power to shift people’s opinions and voting preferences through manipulation of the content of their ...
  • Victor Davis Hanson on the US Election 2020 & Trump’s Prospects | American Thought LeadersVictor Davis Hanson on the US Election 2020 & Trump’s Prospects | American Thought Leaders
    By American Thought Leaders The Epoch Times https://youtu.be/5GKQ50gNNBk Does President Donald Trump have a path to a second term? What would it take? And how have ...
  • Massive Crowds of People March in DC to Show Support for Trump, Demand Election IntegrityMassive Crowds of People March in DC to Show Support for Trump, Demand Election Integrity
    BY OMID GHOREISHI AND EMEL AKAN WASHINGTON—Tens of thousands of people converged at Freedom Plaza in Washington on Saturday, joining other rallies around the country to show support for President ...
  • GOP Candidate Appeals Pennsylvania County Decision to Count Undated Mail-In BallotsGOP Candidate Appeals Pennsylvania County Decision to Count Undated Mail-In Ballots
    By Zachary Stieber A Republican state Senate candidate is appealing the decision by Allegheny County, Pennsylvania to count over 2,000 mail-in ballots with no date. Ziccarelli, 38, an ...
  • Republicans Will Control Montana’s State Government for the First Time in Nearly Two DecadesRepublicans Will Control Montana’s State Government for the First Time in Nearly Two Decades
    By Zachary Stieber Montana voters chose the Republican gubernatorial nominee for the first time in 16 years after popular Gov. Steve Bullock had to leave office ...
  • Wisconsin Voters File Lawsuit to Exclude Over 792,000 Votes in 3 CountiesWisconsin Voters File Lawsuit to Exclude Over 792,000 Votes in 3 Counties
    By The EPOCH Times News Team Three voters in Wisconsin have filed a federal lawsuit seeking to exclude Nov. 3 election results in three of ...
  • IT’S HAPPENING: Trump Campaign Attorney Points to Dominion Fraud: “Communist China Materially Interfered with Our Election – TRUTH”IT’S HAPPENING: Trump Campaign Attorney Points to Dominion Fraud: “Communist China Materially Interfered with Our Election – TRUTH”
    By Jim Hoft Prominent Attorney L. Lin Wood, who successfully represented teen Nicholas Sandmann in defamation suits against The Washington Post and CNN, joined the president’s efforts to win back the 2020 ...
  • Peter Navarro: White House Operating ‘Under the Assumption’ Trump WonPeter Navarro: White House Operating ‘Under the Assumption’ Trump Won
    By Jack Phillips White House economic advisor Peter Navarro said Friday the administration is operating under the view that President Donald Trump has won a second term. “We are moving ...
  • BOOM: Pennsylvania Auditors Drop A Bombshell – This Is NutsBOOM: Pennsylvania Auditors Drop A Bombshell – This Is Nuts
    By The Patriot Uproar Pennsylvania auditors alerted officials of possible dead people and duplicate registrations on the state’s voter rolls last year, but the warnings ...
  • CISA’s Ware resigns; is Director Krebs next out the door?CISA’s Ware resigns; is Director Krebs next out the door?
    By Jason Miller The Cybersecurity and Infrastructure Security Agency (CISA) in the Department of Homeland Security appears to be in the midst of a house ...
  • Election Fraud Investigation: “It’s Gonna be Biblical”Election Fraud Investigation: "It's Gonna be Biblical"
    By Hal Turner What’s about to take place here in the United States is so staggering, so monumental, the only proper way to describe it ...
  • Largest Hand Re-tally of Ballots in US History Gets Underway in GeorgiaLargest Hand Re-tally of Ballots in US History Gets Underway in Georgia
    By Tom Ozimek Election officials in Georgia’s 159 counties are undertaking a hand recount of the presidential race stemming from a “risk-limiting audit” that is required by ...
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