- Biden tax hike would accelerate exodus from high-tax states, experts predict
By Brittany De Lea FOXBusiness
Biden’s plan could result in marginal tax rates of more than 60% in three states and New York City.
Democratic nominee Joe Biden’s tax plans ...
- Fraudster attempts to register dead Americans as Dems in Florida
By Brittany De Lea | Fox News
At least 50 new voter applications were sent to the Broward county elections office – and many of the voters ...
- Biden’s lead over Trump narrows slightly to 8 points
By Dana Blanton | Fox News
Democratic presidential candidate Joe Biden’s lead over President Trump has narrowed a touch to 8 points from a 10-point advantage in early October, according to ...
- Twitter lifts New York Post’s suspension over Hunter Biden report
By Joseph A. Wulfsohn | Fox News
‘We’re baaaaaaack’ the paper celebrated on its newly-unlocked account.
Twitter lifted its suspension of the New York Post’s main account Friday, ending a weeks-long ...
- Democrats turning out at lower rates than Republicans in Miami
By Vandana Rambaran | Fox News
Democrats are turning out at lower rates than Republicans in Florida’s largest county, Miami-Dade, after Democratic nominee Joe Biden’s campaign pared down field ...
- Primetime CNN, MSNBC shows ignore historic U.S. economic rebound
By Joseph A. Wulfsohn | Fox News
Both anti-Trump networks have a history of ignoring headlines that benefit the president during prime time.
CNN and MSNBC may still call ...
- Trump and Biden’s final economic pitch: GDP growth vs ‘deep hole’
By Jonnelle Marte, Reuters
The data from the Commerce Department showed that the economy grew by an annualized rate of 33.1% in the third quarter, ...
- Trump Jr. warns election is ‘about freedom versus tyranny, capitalism versus socialism and Communism’
By Charles Creitz | Fox News
President’s eldest son describes Democrat Party as ‘a socialist and Marxist party’.
The Democrats’ “endgame” is to transform America into a far-left, Marxist ...
- Four battleground states see the most unreturned mail ballots so far
By Associated Press
An estimated 1.9 million ballots were still outstanding in Florida, along with 1 million in Pennsylvania.
ATLANTA (AP) — Just days before the ...
- Trump in Arizona: ‘We don’t have freedom of the press. We have suppression of the press’
By Morgan Phillips | Fox News
‘Here’s a guy who gets caught,’ Trump said, referring to Joe Biden’s son. ‘And the media doesn’t want to write about.
President ...
- Michigan judge strikes down ban on open carry guns at polling sites on Election Day
By Danielle Wallace | Fox News
Judge said state laws already provide tools to stop those whose goal is to intimidate voters.
A judge on Tuesday blocked a ban ...
- Zuckerberg ‘not aware’ that Facebook election integrity official worked for Biden
By Evie Fordham FOXBusiness
Anna Makanju was a policy adviser for Biden.
Facebook CEO Mark Zuckerberg said that he was “not aware” that a Facebook election integrity official used 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")
