- Trump slams Biden for floating Supreme Court changes, warns he will nominate ‘radical left’ judges if elected
By Brooke Singman | Fox News
Biden has not released a list of potential Supreme Court nominees.
President Trump on Tuesday said that allies of his Democratic rival Joe ...
- Rove breaks down Trump’s ‘path to victory’ through Michigan, Pennsylvania, Wisconsin
By Yael Halon | Fox News
Trump won all three states by fewer than one percentage point in 2016.
The fate of President Trump’s reelection bid will ultimately come down to the three ...
- Clawing back votes: 7 states allow voters to resubmit ballots
By Ronn Blitzer, Audrey Conklin | Fox News
Several states have already reached more than 60% of their 2016 voter turnout.
Many Americans are voting early in the 2020 presidential ...
- Biden says in video he has created ‘voter fraud organization’
By Evie Fordham | Fox News
Democratic nominee Joe Biden said his team has created “the most extensive and inclusive voter fraud organization in the history of American politics” ...
- NY Post endorses Trump: ‘Make America great again, again’ and ‘tick off’ Hollywood with reelection
By Brian Flood | Fox News
‘We can put annus horribilis, 2020, behind us and make America great again, again,’ the Post wrote.
The New York Post endorsed President ...
- Joe Biden appears to confuse Trump with former President George W. Bush
By Tyler Olson | Fox News
Biden immediately corrected himself after the minor verbal flub.
Democratic presidential nominee Joe Biden misspoke on Sunday and appeared to begin saying the name of ...
- Biden team admits he botched estimated cost of free college plan
By Ronn Blitzer | Fox News
Democratic presidential nominee Joe Biden said that the government could provide four-year college educations for $150 billion, only for his campaign to later admit it ...
- If Biden wins, he tells his Wall Street supporters he can’t wait to raise taxes
By Charlie Gasparino, Lydia Moynihan FOXBusiness
Biden believes increasing taxes is a ‘moral issue’ and the best way to begin minimizing the wealth inequality in America.
The polls ...
- Biden grilled on ‘transition’ away from oil and gas comment in Pennsylvania TV interviews
By Ronn Blitzer | Fox News
Several interviews in the key battleground state focused on Biden’s debate comment.
Democratic presidential nominee Joe Biden is getting grilled in Pennsylvania ever since he said ...
- Biden Daughters Diary details not appropriate showers with Joe as a child
By Patrick Howley
National File has obtained what a whistleblower has identified as a copy of the complete diary of Ashley Blazer Biden, the 39-year-old ...
- California district attorney blasts Newsom’s leadership: ‘The blood of the children…is on your
By Audrey Conklin | Fox News
‘Stop using COVID-19 to further your political agenda,’ she said
The Fresno County district attorney condemned Gov. Gavin Newsom’s changes to the state’s ...
- Trump rallies at Florida’s The Villages to shore up support among senior citizens
By Paul Best FOXBusiness
Biden has slight lead on Trump among seniors and in the Sunshine State.
President Trump visited The Villages, a retirement community of more than ...
![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 | USNN World News")
