- US attorney calls for probe into federal crackdown on Portland riots; DHS chief promises ‘we will never surrender’
By Adam Shaw | Fox News
The U.S. Attorney for Oregon on Friday called for an investigation into the Department of Homeland Security’s conduct in cracking down on the riots that ...
- Jonathan Turley calls out CNN’s ‘telling moment of dissonance’ amid unrelenting anti-Trump coverage
By Brian Flood | Fox News
Tapper fact-checked colleagues after McEnany criticism.
George Washington University law professor Jonathan Turley praised CNN’s Jake Tapper Friday for fact-checking his colleague Jim Acosta, writing in a blistering column ...
- Ivanka Trump’s Big Idea: Overhaul government hiring to prioritize job skills over college degrees
By Brooke Singman | Fox News
The Big Idea is a series that asks top lawmakers and figures to discuss their moonshot — what’s the one proposal, if politics and polls ...
- Ingraham tells voters to ‘learn to spot lies’ from Democrats, prevent ‘Orwellian chasm’ of Biden presidency
By Charles Creitz | Fox News
Fox News host asks Americans, ‘Wouldn’t you rather be decoding and exposing the radical agenda’?
Laura Ingraham opened Thursday’s show with a monologue ...
- CNN’s Jim Acosta blasted for taking Kayleigh McEnany out of context in viral tweet
By Joseph A. Wulfsohn | Fox News
CNN’s chief anti-Trump reporter Jim Acosta was blasted on social media over a tweet that quoted White House Press Secretary Kayleigh ...
- Jake Tapper fact-checks his own CNN colleagues pushing misleading quote from Kayleigh McEnany
By Joseph A. Wulfsohn | Fox News
CNN anchor Jake Tapper offered a rare defense of White House press secretary Kayleigh McEnany after many members of the media, including his own ...
- California pastor to defy Newsom’s shutdown, possibly run for governor
By Caleb Parke | Fox News
A California pastor said he would defy Gov. Gavin Newsom’s latest coronavirus lockdown — and maybe even challenge him in the polls.
Pastor Greg Fairrington, leader of 3,500-members Destiny ...
- Conservative group launches ‘DivestU’ to redirect donations away from liberal colleges
By Brooke Singman | Fox News
Turning Point’s Charlie Kirk calls it their ‘most aggressive project yet to combact rampant Leftism at universities’.
Conservative group Turning Point USA ...
- 3 churches sue Newsom after California bans singing in places of worship because of coronavirus
By Morgan Phillips | Fox News
They claim a double standard because of Newsom’s support of protests.
In the latest battle between Gov. Gavin Newsom and houses of worship over ...
- DHS accuses mayor, officials of enabling ‘mob,’ posts timeline of damage by ‘violent anarchists’
By Adam Shaw | Fox News
Local businesses have reported $23 million in losses.
Acting Homeland Security Secretary Chad Wolf on Thursday accused Portland politicians of enabling the “mob” ...
- There’s a Washington football bombshell coming and it’s not about the name
By The New York Post
A series of cryptic tweets has emerged, warning of an imminent bombshell set to shake the Redskins to its core.
The ...
- Biden leads in Pennsylvania but some point to ‘secret Trump’ voters: poll
By Paul Steinhauser | Fox News
Majority of those questioned believe their communities hold a number of ‘secret Trump’ voters.
A new poll in the crucial general election battleground state ...
![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")
