- MSNBC host suggests Biden form ‘shadow government’ to counter Trump on coronavirus
By Dom Calicchio | Fox News
The U.S. presidential election is still seven months away but an MSNBC host is already suggesting that Democrat Joe Biden set up a “shadow government” against the ...
- Trump says he may forcefully adjourn Congress, use recess to appoint nominees
By Nick Givas | Fox News
President Trump announced during a White House address Wednesday that he is considering adjourning Congress and using its absence to make political appointments.
“If the House will ...
- CNN updates article after being accused of publishing ‘Chinese propaganda’
By Brian Flood, Joseph A. Wulfsohn | Fox News
CNN overhauled a story on its website Wednesday after being widely accused of publishing “Chinese propaganda” in a report that originally ...
- Drivers swarm Michigan capital to protest coronavirus lockdown measures
By Andrew O’Reilly | Fox News
Hundreds of cars, trucks and SUVs descended on Michigan’s state capital Wednesday afternoon as part of a noisy protest against Democratic Gov. Gretchen ...
- Tool for tracking coronavirus relief payments goes live
By Aimee Picchi
Tool for tracking coronavirus relief payments goes live
With millions of Americans eagerly awaiting their federal aid checks to help them weather the ...
- Trump campaign slams Obama’s Biden endorsement: ‘Even Bernie Sanders beat him to it’
By Brooke Singman | Fox News
The Trump campaign argued Tuesday that former President Barack Obama was forced to endorse Joe Biden after sitting on the sidelines for the entirety of the ...
- Georgia state Democrat backs Trump for reelection, draws party’s wrath
By Dom Calicchio | Fox News
A state lawmaker in Georgia drew backlash from fellow Democrats on Tuesday after endorsing President Trump for reelection.
State Rep. Vernon Jones, whose Atlanta-area district includes parts ...
- Former CNN pundit: Network is officially ‘Leftist State Media’ after Trump chyron coverage
By Brian Flood | Fox News
CNN’s coverage of Monday’s White House coronavirus press briefing put a harsh spotlight on the network’s line-blurring between journalism and agenda-driven opinion, media experts tell ...
- State Department leaked cables renew theories on origin of coronavirus
By Barnini Chakraborty | Fox News
A Chinese laboratory at the center of new theories about how the coronavirus pandemic started was the subject of multiple urgent warnings inside the U.S. State ...
- Coronavirus inmate release leaves LA in ‘uncharted territory,’ sheriff says about potential surge in crime
By Travis Fedschun | Fox News
Thousands of non-violent inmates have been released from jails in Los Angeles County to prevent the spread of coronavirus, but the county sheriff said Monday he’s ...
- Obama to endorse Biden, after months on 2020 campaign sidelines
By Paul Steinhauser, Mike Emanuel | Fox News
Former President Barack Obama on Tuesday plans to formally endorse Joe Biden – his vice president and running mate through two terms and presidential ...
- Sanders campaign reps revolt after Sanders endorses Biden, openly attack former vice president
By Gregg Re | Fox News
Bernie Sanders endorsed Joe Biden for president on Monday, but any illusions that the move would bring an end to long-simmering tensions between ...
![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")
