- CNN Contributor Andrew McCabe, Fired From FBI for Lying, Says He Won’t Talk About DOJ IG Report
By Zachary Stieber
CNN contributor Andrew McCabe,
who was fired from the FBI for lying, said on the air late Nov. 21 that
he could ...
- Devin Nunes to Sue CNN, Daily Beast Over ‘False and Scandalous Stories’
By Zachary Stieber
3, 2019
Updated: November 23, 2019
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Rep. Devin Nunes (R-Calif.) plans to sue the Daily Beast and CNN after the outlets published articles about ...
- Impeachment surprise: How Adam Schiff validated my reporting on Ukraine
By John Soloman
I
have to thank Adam Schiff, the House Intelligence Committee chairman and
impeachment maestro. Really, I am grateful.
While
the jury is still out on high ...
- The Ukraine scandal timeline Democrats and their media allies don’t want America to see
By John Soloman
For weeks now, Democratic members of Congress,
career State Department and National Security Council experts and their
allies in the media suggest questions about ...
- Responding to Lt. Col. Vindman about my Ukraine columns … with the facts
By John Soloman
I honor and applaud Army Lt. Col. Alexander Vindman’s
service to his country. He’s a hero. I also respect his decision to testify ...
- Rudy Giuliani says he’s not afraid of being indicted, labels Joe Biden a ‘liar’
By Julia Musto | Fox News
President Trump’s personal attorney and former New York City Mayor Rudy Giuliani said Saturday that he is not afraid of being indicted and that he has absolutely no ...
- Independents souring on impeachment as inquiry heats up, polls indicate
By Paul Steinhauser | Fox News
Recent polling on impeachment indicates that independent voters are far from sold on ousting President Trump from the White House. In fact, the ...
- House Minority Leader Says Democrats May Not ‘Have the Votes’ to Pass Articles of Impeachment
By Jack Phillips
House Minority Leader Kevin McCarthy (R-Calif.) wondered aloud if
Democrats in the House will have enough votes to impeach President
Donald Trump after the ...
- Biden heckled over Obama-era deportations, tells protester ‘You should vote for Trump’
By Danielle Wallace | Fox News
A seemingly frustrated Joe Biden advised a protester to “vote for Trump” Thursday after being confronted about the Obama administration’s record on deportations.
It happened ...
- ‘Stunning turn of events’: Tucker, Mollie Hemingway rip Adam Schiff’s ‘impeachment circus’
By David Montanaro | Fox News
Tucker Carlson and Federalist senior editor Mollie Hemingway argued Thursday that House Democrats have not successfully made the case to the American people that President Trump should ...
- Trump calls for Senate trial, seeks whistleblower and Schiff as impeachment witnesses
By Brooke Singman | Fox News
President Trump, during a wide-ranging interview Friday morning with “Fox & Friends,” called for a Senate trial should the House impeach ...
- Adam Schiff praised TV doctor arrested on sex charges over 9-year-old girl
By Caitlin Yilek Washington Examiner.com
House Intelligence Chairman Adam Schiff once praised a doctor who was arrested last week for allegedly asking a 9-year-old girl ...
![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")
