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By Joshua Nelson | Fox News
‘I don’t understand how anyone could be thinking he could fix the injustices when he was the one who created them,’ ...
- Gender-reveal pyrotechnic sparked massive El Dorado fire
By David Aaro | Fox News
‘Those responsible for starting fires due to negligence or illegal activity can be held financially and criminally responsible’.
A smoke generating pyrotechnic ...
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By David Aaro | Fox News
Some of the protesters were described as angry salon customers, reports said.
More than a dozen protesters gathered outside the San Francisco home of House Speaker Nancy ...
- ‘Democrats should be scared about Michigan,’ state’s House speaker says
By Talia Kaplan | Fox News
Biden is scheduled to visit the state on Wednesday.
“Democrats should be scared about Michigan,” the state’s Republican House speaker, Lee Chatfield, told “Fox & ...
- GOP candidate says ‘crazy’ urban liberals driving people to Trump in this state
By Caleb Parke | Fox News
Jason Lewis says state could turn red for the first time in nearly a half-century.
President Trump could flip Minnesota — a state that has been blue ...
- Anti-Trump group calls for nationwide protests in 23 cities
By Adam Shaw | Fox News
An anti-Trump group is calling for nationwide protests on Saturday — seeking to fuel the left-wing protests that have roiled the country throughout the ...
- Devine says Dems have no intention of accepting second Trump term
By Caleb Parke | Fox News
‘If you think that they were sore losers in 2016, you ain’t seen anything yet,’ columnist says.
Democrats are threatening violence if Joe Biden does not ...
- Democrats project campaign messages on Trump Hotel in DC
By Marisa Schultz, Paul Steinhauser | Fox News
DNC targets hotel following Atlantic article.
Democrats targeted the Trump Hotel in Washington D.C. Friday night for a campaign stunt to draw ...
- Fraternal Order of Police endorses Trump in 2020 race
By Brooke Singman | Fox News
More than a dozen police organizations have endorsed Trump’s reelection.
The Fraternal Order of Police endorsed President Trump’s reelection on Friday, saying he has ...
- Biden claims Black man invented light bulb during campaign event
By Tyler Olson | Fox News
Thomas Edison is the inventor of the light bulb.
During a Thursday meeting with Kenosha, Wis., community leaders, Democratic presidential nominee Joe Biden said that a Black ...
- Meth is flooding across US-Mexico border during pandemic as cartels get creative
By Stephanie Bennett | Fox News
Mexican cartels are finding more unusual ways to smuggle the drugs, Customs and Border Protection officers say.
NOGALES, Ariz. — U.S. Customs and ...
- Hunter Biden’s deals ‘served’ China and its military, new documentary claims
By Bruce Golding | New York Post
‘Riding the Dragon: The Bidens’ Chinese Secrets’ is narrated by ‘Clinton Cash’ author Peter Schweizer.
Hunter Biden’s business dealings in China served the “strategic interests” ...
![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 4")
