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Category: Economy

The US Economy

Americans Keep Migrating to States With Better Economies
Posted inEconomy

Americans Keep Migrating to States With Better Economies

USNN World Newsby USNN World NewsJanuary 10, 2025February 18, 2025
Costco Sales Jump on a Shift in the Holiday Shopping Season
Posted inEconomy

Costco Sales Jump on a Shift in the Holiday Shopping Season

USNN World Newsby USNN World NewsJanuary 9, 2025January 9, 2025
US Private Sector Job Growth Slowed in Final Month of 2024
Posted inEconomy

US Private Sector Job Growth Slowed in Final Month of 2024

USNN World Newsby USNN World NewsJanuary 8, 2025January 8, 2025
New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know
Posted inEconomy

New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know

USNN World Newsby USNN World NewsJanuary 5, 2025February 5, 2025
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.
Posted inEconomy

US Dollar Index Hits Highest Level in 2 Years, Euro Falls

USNN World Newsby USNN World NewsJanuary 3, 2025June 19, 2025
Economists Discuss the Case of Sticky Inflation as US Moves Into 2025
Posted inEconomy

Economists Discuss the Case of Sticky Inflation as US Moves Into 2025

USNN World Newsby USNN World NewsDecember 31, 2024January 1, 2025
US Credit Card Defaults Reach Highest Point Since 2010
Posted inEconomy

US Credit Card Defaults Reach Highest Point Since 2010

USNN World Newsby USNN World NewsDecember 30, 2024December 30, 2024
US Trade Deficit Rises to More Than $100 Billion
Posted inEconomy

US Trade Deficit Rises to More Than $100 Billion

USNN World Newsby USNN World NewsDecember 30, 2024March 14, 2025
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’
Posted inEconomy

Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’

USNN World Newsby USNN World NewsDecember 29, 2024February 18, 2025
Economic Outlook for South Carolina: A Slow Brightening for 2025
Posted inEconomy

Economic Outlook for South Carolina: A Slow Brightening for 2025

USNN World Newsby USNN World NewsDecember 27, 2024December 27, 2024
US Home Prices Register 3rd Consecutive Monthly Gain
Posted inEconomy

US Home Prices Register 3rd Consecutive Monthly Gain

USNN World Newsby USNN World NewsDecember 26, 2024December 26, 2024
DOGE to Take on Pentagon’s $895.2 Billion Budget
Posted inEconomy

DOGE to Take on Pentagon’s $895.2 Billion Budget

USNN World Newsby USNN World NewsDecember 25, 2024May 20, 2025

Posts pagination

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NATIONAL NEWS

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  • Biden surges to victory across Super Tuesday map, as Sanders claims delegate prize in CaliforniaBiden surges to victory across Super Tuesday map, as Sanders claims delegate prize in California
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  • Biden projected to win Virginia and North Carolina, Sanders claims victory in home-state VermontBiden projected to win Virginia and North Carolina, Sanders claims victory in home-state Vermont
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  • Hillary Clinton goes after Bernie Sanders again: His campaign is ‘just baloney’Hillary Clinton goes after Bernie Sanders again: His campaign is 'just baloney'
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    By Alex Pappas | Fox News Minnesota Democratic Sen. Amy Klobuchar and former South Bend Mayor Pete Buttigieg – bitter rivals throughout the presidential primary race – are both ending their ...
  • Kayleigh McEnany: On coronavirus, Democrats play politics while Trump works to protect AmericansKayleigh McEnany: On coronavirus, Democrats play politics while Trump works to protect Americans
    By Kayleigh McEnany | Fox News The coronavirus has yet again exposed the strong contrast between President Trump – who is working ardently for the American people – and ...
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