- Trump defends US history, blasts ‘radical left’ in ‘Salute to America’ celebration
By Marisa Schultz | Fox News
Trump made a full-throated defense of America’s past and said he won’t allow an “angry mob” to tear down statues.
President Trump evoked ...
- Seattle protester hit by car on closed highway dies, second remains in serious condition, officials say
By Stephen Sorace | Fox News
The two women were part of a group protesting police brutality.
A woman struck by a vehicle that drove onto a closed Seattle freeway ...
- Chicago erupts in July 4 gunfire — with girl, 7, and boy, 14, among those killed
By Brie Stimson | Fox News
“We are making progress … but we have to do better,” Mayor Lori Lightfoot says
A 7-year-old girl and a 14-year-old boy ...
- CNN executive raises eyebrows with snarky response to Trump as former network staffer takes notice
By Brian Flood | Fox News
CNN’s head of strategic communications directly responded to the president on Twitter.
An influential CNN executive has been overtly anti-Trump on social media, an unusual move for a ...
- What to know about Independence Day celebrations at Mount Rushmore, in Washington, DC
By Morgan Phillips | Fox News
President Trump will head to South Dakota Friday for an Independence Day celebration at Mount Rushmore.
President Trump will head to South Dakota ...
- Seattle father mourning loss of son killed in ‘CHOP’ zone gets calls of support from Trump, Mayor Durkan
By Louis Casiano | Fox News
The infamous CHOP zone was cleared out this week after weeks of reports of violence within the area and mounting criticism ...
- Feds arrest ‘ringleader’ in attack on Andrew Jackson statue by White House
By Jake Gibson | Fox News
Jason Charter was arrested at his residence Thursday morning, sources say.
Federal law enforcement officials on Thursday arrested a man in Washington they call a ...
- Ghislaine Maxwell indictment: How Jeffrey Epstein’s alleged madam groomed his victims
By Vandana Rambaran, Marta Dhanis | Fox News
Maxwell ‘helped put the victims at ease because an adult woman was present’.
Jeffrey Epstein’s longtime confidant and former girlfriend Ghislaine Maxwell was arrested ...
- CNN accused of activism by former staffer after ‘appalling’ report on Facebook advertisers
By Brian Flood | Fox News
The story listed companies that ‘haven’t pulled ads from Facebook yet’.
CNN was ridiculed and labeled “activists” Wednesday after publishing a story about ...
- McConnell says CHOP ended ‘several deaths too late,’ drops devastating ad
By Brian Flood | Fox News
As protesters and armed anarchists seized control last month of a swath of Seattle’s downtown that includes a police station, dubbing ...
- Detroit police chief hits back at Rashida Tlaib: ‘Totally inaccurate’ to claim abuse of peaceful protesters
By Julia Musto | Fox News
Chief James Craig says his officers feared for their lives.
Michigan Democratic Congresswoman Rashida Tlaib’s claim that Detroit Police Department officers abused peaceful protesters is “totally inaccurate,” Detroit Police ...
- CNN’s Cuomo accused of siding with St. Louis mob in homeowner interview
By Brian Flood | Fox News
McCloskey said he was simply protecting his home.
CNN’s Chris Cuomo was accused of siding with the “mob” on Tuesday night during a contentious ...
![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")
