- 1 dead in clashes between pro-Trump, BLM groups as violence rages for more than 90 days
By Brie Stimson | Fox News
Video posted on social media showed a person suddenly dropping to the ground, and others rushing to assist.
Violent clashes between a ...
- Debbie Dingell’s Big Idea: Dethrone Iowa, New Hampshire as first presidential primary states
By Marisa Schultz | Fox News
The Michigan Democrat wants to reform the primary calendar by the 2024 election.
The Big Idea is a series that asks top lawmakers ...
- House bill would block rioters from coronavirus unemployment benefits
By Brie Stimson | Fox News
GOP Rep. Jim Banks of Indiana says two of his constituents were harassed while leaving President Trump’s RNC event.
A House Republican introduced ...
- Kenosha police union gives its account of Jacob Blake shooting
By Brie Stimson | Fox News
A 20-second video shot by a bystander doesn’t show what led up to the shooting and Wisconsin authorities have given few ...
- CNN accused of pitting David Dorn’s family against each other following widow’s RNC speech
By Brian Flood | Fox News
Media Research Center analyst Nicholas Fondacaro blasts Chris Cuomo.
CNN was accused of “pitting different sides” of the late David Dorn’s family against each other after ...
- Politico hammered for tweet saying Alice Johnson has been ‘propped up’ by Trump campaign
By Joseph A. Wulfsohn | Fox News
‘This is a disgusting racist headline,’ one critic reacted.
Politico raised eyebrows Thursday night with its description of Alice Marie Johnson, who spoke at ...
- Sen. Rand Paul thanks DC cops for saving him from ‘crazed mob’ after RNC
By David Aaro | Fox News
U.S. Sen. Rand Paul, R-Ky., said he was attacked by a “crazed mob” of more than 100 people after leaving the White House following ...
- New York Times reporter gaslighting readers with story on Trump’s LGBTQ record, critic says
By Brian Flood | Fox News
‘Trump’s history of being pro-gay dates back to long before Biden figured it was a political winner,’ Chris Barron said.
New York Times reporter Maggie ...
- Hurricane Laura brings tornado threat after Louisiana landfall, Lake Charles ‘severely damaged’
By Travis Fedschun, Janice Dean | Fox News
Hurricane Laura made landfall in Cameron, La., with 150 mph winds.
Heavy rains and winds battered Louisiana Thursday morning as a weakening Hurricane Laura roared ...
- Elise Stefanik: Biden speaking out on violence after months of silence is ‘too little too late’
By Joshua Nelson | Fox News
‘This is going to become one of the key deciding issues as people head to the polls this November,’ she said.
Democratic ...
- Newsom skips question on ex-wife Guilfoyle’s RNC speech: ‘I respectfully defer’
By Evie Fordham | Fox News
The pair were married from 2001 to 2005.
Kimberly Guilfoyle, who was previously married to California Gov. Gavin Newsom before he became the state’s top ...
- PBS reporter Yamiche Alcindor blasted for tweet knocking Cawthorn for standing during RNC remarks
By Joseph A. Wulfsohn | Fox News
Cawthorn rose from his wheelchair exhorting Americans to ‘kneel before God but stand for our flag’.
“PBS NewsHour” correspondent Yamiche Alcindor was heavily ...
![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")
