- Tom Cotton promises to ‘expose’ Biden as ‘weak and wrong for America’ in RNC speech
By Caleb Parke | Fox News
The Army combat veteran says he will hit Joe Biden’s record on American security in RNC speech.
Sen. Tom Cotton, R-Ark., told “Fox ...
- Pence gets top billing on GOP convention’s third night
By Paul Steinhauser | Fox News
Pence will use an ‘optimistic tone’ to lay out in detail Trump’s economic and foreign policy accomplishments.
He always takes second billing ...
- Trump says he wants drug tests before debates with Biden
By Andrew O’Reilly | Fox News
Trump offered no evidence to support his claims that Biden took drugs.
President Trump on Wednesday said he will request that both Democratic ...
- Melania Trump urges end to unrest, calls on country to ‘come together’ in convention address
By Paul Steinhauser | Fox News
The first lady also expressed her ‘deepest sympathy’ for those suffering or who’ve lost loved ones during the coronavirus pandemic.
First lady ...
- Trump sending federal law enforcement to Kenosha, says Dem gov. accepting offer to restore order
By Brooke Singman | Fox News
‘We will NOT stand for looting, arson, violence, and lawlessness on American streets,’ president tweets.
President Trump on Wednesday said he will send ...
- Kayleigh McEnany to share personal story in Republican National Convention address
By Brooke Singman | Fox News
McEnany is expected to share a deeply personal story that she doesn’t frequently discuss in public.
White House Press Secretary Kayleigh McEnany ...
- Rep. Crenshaw: Hillary Clinton telling Biden not to concede is ‘eerie’
By Talia Kaplan | Fox News
Crenshaw says Democrats are building a tale that if Trump gets reelected, ‘it will be illegitimate’.
The fact that Hillary Clinton urged Democratic presidential ...
- Kenosha police hunt for suspect with long gun after 2 killed, 1 wounded in unrest
By Danielle Wallace | Fox News
Investigators probing whether the shooting was linked to ‘self-styled militias guarding a gas station,’ a report said.
Kenosha police are searching Wednesday for ...
- 5 key moments from the RNC’s first night
By Ronn Blitzer | Fox News
Republicans kicked off their convention on Monday.
The Republican National Convention opened Monday with a variety of speeches that focused on the promise of ...
- Cuban-born Maximo Alvarez warns against socialism in emotional RNC speech
By Thomas Barrabi | Fox News
“We cannot let them take over our country,” the Florida businessman said.
Florida businessman Maximo Alvarez warned against the “empty promises” of socialism ...
- C-SPAN caller says he’s changing vote to Republican after RNC
By Edmund DeMarche | Fox News
A caller–who identified himself as a lifelong Democrat– told C-SPAN late Monday that he will be supporting Republicans this year after being inspired on the ...
- Nikki Haley after RNC speech says she is open to rejoining Trump administration
By Evie Fordham | Fox News
Former ambassador to the UN dismissed ‘nonsense’ about her replacing Vice President Pence.
Former Ambassador to the United Nations Nikki Haley said Tuesday she would be open ...
![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")
