- Mandatory Evacuations Issued Along Entire South Carolina Coast
BY JACK PHILLIPS
Mandatory evacuations were issued for the entirety of South Carolina’s coast as Hurricane Dorian is still more than 100 miles from the U.S. mainland.
South Carolina ...
- GOP Strategist Says Washington Post WH Bureau Chief ‘Burned’ Trump’s Ousted Secretary by Revealing Off-the-Record Conversation
BY VENUS UPADHAYAYA
Arthur Schwartz, a GOP Strategist, has alleged that The Washington Post’s White House bureau chief Philip Rucker leaked off-the-record conversations with President Donald Trump’s ...
- Trump: ‘Enjoy the low gas prices over the Labor Day weekend!’
By FOX Business
If you’re hitting the road this holiday weekend, President Trump claims you have him to thank for lower prices at the pump.
In a tweet ...
- Texas shooting leaves 7 dead, 19 injured; suspect dead
By Melissa Leon | Fox News
The random shooting rampage in West Texas Saturday left seven dead, police said Sunday.
Odessa police spokesman Steve LeSueur said Sunday that ...
- Trump’s personal assistant resigns from White House amid tensions
By Louis Casiano | Fox News
A personal assistant to President Trump who had been with the administration since Trump took office, Madeleine Westerhout, abruptly resigned Thursday, reportedly after it was determined she shared private ...
- Dead birds in Massachusetts town prompt concerns they’re infected with deadly virus
By Madeline Farber | Fox News
Dead birds and seagulls spotted in the town of Fairhaven, Mass., have raised concerns among residents that the animals are infected ...
- MSNBC’s O’Donnell retracts Trump-Russia story, apologizes; Florida in Dorian’s crosshairs
By Fox News
MSNBC’s O’Donnell retracts unverified Trump-Russia story, makes on-air apology
MSNBC host Lawrence O’Donnell on Wednesday night retracted a story that directly tied President ...
- Trump mocks Kirsten Gillibrand as she exits 2020 race: ‘She was the one I was really afraid of’
By Joseph A. Wulfsohn | Fox News
President Trump had some fun at the expense of Sen. Kirsten Gillibrand, D-N.Y., after she announced on Tuesday that she was withdrawing ...
- Heritage Foundation bewildered by Biden claim about Trump tax cuts
By Gregg Re, Patrick Ward | Fox News
The conservative Heritage Foundation reacted with bewilderment on Wednesday after Joe Biden claimed that the think tank had condemned the 2017 Trump-GOP ...
- Ilhan Omar issues terse denial on allegations of affair with married DC consultant
By Ronn Blitzer | Fox News
Minnesota Democratic Rep. Ilhan Omar is denying allegations of an affair with a married Washington, D.C., consultant.
The accusations emerged earlier this week in a ...
- Trump demands apology from NBC News over ‘false and defamatory’ report, threatens legal action in scorching letter
By Brian Flood | Fox News
President Trump’s legal team sent a harshly worded letter to NBC Wednesday demanding an apology and retraction for “false and defamatory, and extremely damaging” ...
- AOC suggests ‘informed’ millennials are first generation to protest government, forgets about the ‘60s
By Ronn Blitzer | Fox News
Rep. Alexandria Ocasio-Cortez made some bold claims in her latest Instagram Live video, suggesting millennials and Generation Z are better “informed” and more well-versed ...
![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")
