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By Paul Steinhauser | Fox News
WESTERVILLE, Ohio – Rising in polls and facing increased scrutiny, Sen. Elizabeth Warren came under attack from two of her Democratic presidential nomination ...
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By Gregg Re | Fox News
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House Speaker Nancy Pelosi announced after meeting with the House Democratic caucus on Tuesday that there will be no vote — at least for now ...
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The U.S. ambassador to the European Union, Gordon Sondland, is expected to tell congressional lawmakers on Thursday that President Trump told him there ...
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Undercover recordings made by an alleged ‘whistleblower’ capture CNN employees casually confirming the network’s anti-Trump bias and show company president Jeff Zucker telling top news executives to ...
- Pro-Trump CNN contributor says network’s LGBTQ forum revealed Democrats ‘radicalism’
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CNN’s LGBTQ forum revealed the fringe elements of the Democratic party and showcased the “radical leftist mob” that makes up its constituency, network contributor Steve Cortes wrote in ...
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President Trump’s attempt to hire former South Carolina Rep. Trey Gowdy for his legal team as he battles House Democrats over ...
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Joe Biden hit back at allegations over his son, Hunter, saying there was nothing corrupt about the firing of that Ukrainian prosecutor. But that ...
- Republican Rep. Matt Gaetz kicked out of impeachment inquiry hearing
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Rep. Matt Gaetz, R-Fla., an ardent supporter of President Trump, got the boot on Monday when he tried to sit in on ...
- Rand Paul calls for investigation of Dem senators, says they threatened Ukraine aid during Mueller probe
By Nick Givas | Fox News
An official investigation should be launched into three Democratic senators who threatened to withhold federal aid to Ukraine if the country’s prosecutor general didn’t assist ...
- Bernie Sanders slams Elizabeth Warren as ‘capitalist’
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Vermont Sen. Bernie Sanders – the self-proclaimed Democratic socialist whose standing in the 2020 primary has become threatened by Massachusetts Sen. Elizabeth Warren’s surge in ...
- Schiff admits he should have been ‘much more clear’ about contact with whistleblower
By Andrew O’Reilly | Fox News
House Intelligence Committee Chairman Adam Schiff, D-Calif., admitted on Sunday that he should have been clearer about his contact with the whistleblower who filed ...
![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")
