- Biden walks back African American ‘diversity’ remarks, lauds community’s ‘diversity of thought’
By Joseph A. Wulfsohn | Fox News
‘In no way did I mean to suggest the African American community is a monolith,’ ex-VP says.
Presumptive Democratic presidential nominee Joe Biden attempted ...
- Trump claims Biden ‘no longer worthy of the Black Vote’ in wake of diversity comment
By Brooke Singman | Fox News
‘Sleepy Joe Biden just lost the Black Vote,’ Trump first said in a now-deleted tweet.
President Trump on Friday said his presumptive ...
- NRA fights back, files its own suit against NY attorney general seeking to disband organization
By Stephanie Pagones | Fox News
President Trump slammed AG Letitia James’ suit against the group, calling it ‘a very terrible thing’.
The National Rifle Association is fighting back against ...
- Washington Post issues major correction after botching Trump-Twitter post
By Joseph A. Wulfsohn | Fox News
The Washington Post sparked massive confusion Wednesday evening after erroneously reporting that President Trump was banned from tweeting because of a claim he ...
- Cities go to extremes with quarantine crackdowns: Checkpoints, power shutoffs, steep fines
By Tyler Olson | Fox News
Some travelers will be stopped in NYC. The interstate in Chicago has signs warning about quarantine requirements.
With the daily number of coronavirus cases ...
- Pelosi blasts Trump for saying he may deliver convention speech from White House: ‘He can’t do that’
By Megan Henney | Fox News
She questioned whether the move was ‘legally wrong’ or ‘ethically out of the question’.
House Speaker Nancy Pelosi slammed President Trump for suggesting that ...
- Trump downplays Republican concerns about giving nomination acceptance at White House: ‘It is legal, there is no Hatch Act’
By Morgan Phillips | Fox News
President Trump played down fears from a Republican senator that him giving his speech accepting the Republican nomination from the White House ...
- Trump rips athletes kneeling for anthem, calls Black Lives Matter a ‘Marxist group’
By Joshua Nelson | Fox News
‘They’re not looking for good things for our country,’ he said.
President Trump called Black Lives Matter a Marxist group on Wednesday, pushing ...
- Carolyn Maloney declared winner in New York congressional race marred by mail-in ballot problems
By By Gregg Re | Fox News
Trump had called for a do-over in the contest, calling it a ‘total disaster’.
Election officials in New York finally declared winners late ...
- DB Cooper case gets new clues in tiny algae found on ransom money, study says
By Chris Ciaccia | Fox News
In a cold case for nearly 50 years ago, a scientist has uncovered new clues in the D.B. Cooper case by ...
- CNN’s Brian Stelter ridiculed for claiming ‘right-wing media tempest’ is behind push for Biden not to debate Trump
By Joseph A. Wulfsohn, Brian Flood | Fox News
Suggestion Biden should not debate came in CNN, NYT op-eds.
CNN media pundit Brian Stelter raised eyebrows On Monday night after he said ...
- NYC crime spree knocks on the doorsteps of America’s ultra-rich
By Stephanie Pagones | Fox News
New York City’s Upper East Side is seeing a ‘significant uptick’ in robberies, police say.
A portion of New York City’s Upper East Side, which reportedly ...
![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")
