- Liz Cheney calls on Nancy Pelosi to release impeachment transcripts, end ‘selective leaking’
By Adam Shaw | Fox News
Rep. Liz Cheney, R-Wyo., on Friday called on House Speaker Nancy Pelosi to release the full transcripts of all depositions in ...
- Grassley Received Classified Briefing on Acquisition By Chinese Firm Tied to Hunter Biden
By Ivan Pentchoukov
Senate investigators in late October intensified their scrutiny of an
acquisition by a Chinese firm tied to Hunter Biden of an American
manufacturer of anti-vibration ...
- Former Texas congressman Beto O’Rourke drops out of 2020 presidential race
By Vandana Rambaran | Fox News
Former Texas Democrat congressman Beto O’Rourke announced Friday he is withdrawing from the 2020 presidential race, saying his “service to the ...
- McCarthy: Trump’s best defense is that Democrats’ charges do not rise to the ‘level of impeachment’
By Julia Musto | Fox News
President Trump’s best defense against impeachment is that the House Democrats’ charges do not rise to the level of impeachment, former U.S. Assistant Attorney Andy McCarthy said Friday.
On ...
- Stirewalt: Warren’s $52T ‘Medicare-for-all’ plan is a ‘disaster’ just like her DNA test release
By David Montanaro | Fox News
Democratic presidential candidate Elizabeth Warren’s long-awaited “Medicare-for-all” funding plan is a “disaster” for her campaign, said Fox News politics editor Chris Stirewalt on Friday, comparing ...
- Elizabeth Warren’s Medicare-for-all proposal would cost Jeff Bezos $7 billion
By Megan Henney FOXBusiness
Elizabeth Warren’s sweeping proposal to overhaul the U.S. health-care system could cost Amazon CEO Jeff Bezos $7 billion.
On Friday, the Democratic presidential candidate unveiled ...
- House Democrat Dingell vows she’ll ‘work hard’ to ensure impeachment inquiry is fair to Trump
By David Montanaro | Fox News
Rep. Debbie Dingell, D-Mich., insisted Friday that she will work hard to ensure there is a fair process for President Trump after the House ...
- Ex-White House official testifies he wasn’t concerned ‘anything illegal was discussed’ on Trump-Ukraine call
By Alex Pappas, Mike Emanuel | Fox News
A top White House adviser on the National Security Council testified Thursday to the House impeachment inquiry that he didn’t believe “anything ...
- Clinton-Obama emails sought by Sen. Ron Johnson amid Dems’ impeachment inquiry
By Gregg Re | Fox News
Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson on Thursday formally sought “all email communications” between Hillary Clinton and former President Obama, saying ...
- Jason Chaffetz: Obama would have been impeached under standards Democrats are applying to Trump
By Jason Chaffetz | Fox News
President Barack Obama would have been impeached if the standards House Speaker Nancy Pelosi and her fellow Democrats are applying to President Trump ...
- Stephanie Grisham blasts House Dems’ ‘guilty until proven innocent’ impeachment process
By Nick Givas | Fox News
President Trump’s due process rights have been violated by House Democrats, who have deemed him guilty until proven innocent, said White House press secretary Stephanie ...
- Dana Perino: Dems’ impeachment inquiry will be ‘net negative’ or ‘a wash’ politically
By Julia Musto | Fox News
House Democrats have made a decision to “wholly consume themselves” with the impeachment inquiry against President Trump, and it will result in a “net negative” or ...
![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")
