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By Zachary Stieber
A doctor in Texas is suing the health care institution that suspended her for allegedly purveying “dangerous misinformation.”
Dr. Mary Bowden, who now runs her ...
- At Washington Summit, Republicans Forge a Vision for the Future
By Dan M. Berger
WASHINGTON—As former President Donald Trump flirts with announcing a run to retake the White House, his loyalists gathered in Washington for the America ...
- GOP Planning Fauci Probe After 2022 Midterms
By Jack Phillips
Several Republican lawmakers signaled they are planning to target White House COVID-19 adviser Anthony Fauci in investigations if the GOP secures at least one chamber in ...
- Liz Cheney Trailing Behind Trump-Backed Harriet Hageman in US House Race: Poll
By Katabella Roberts
Rep. Liz Cheney (R-Wyo.) is trailing significantly behind Trump-endorsed challenger Harriet Hageman in the race for Wyoming’s lone U.S. House seat in August, according to a recent poll ...
- Rep. Cheney Says Jan. 6 Committee Is ‘Fully Prepared’ to Subpoena Ginni Thomas
By Frank Fang
Rep. Liz Cheney (R-Wyo.) suggested on July 24 that the Jan. 6 committee could subpoena Virginia “Ginni” Thomas, the wife of Supreme Court Justice Clarence ...
- Suspected Attacker of Rep. Zeldin Arrested on Federal Assault Charge
By Hannah Ng
The suspected attacker of Rep. Lee Zeldin (R-N.Y.) has been arrested on a federal assault charge, the Justice Department announced.
David Jakubonis, 43, was arrested ...
- Intelligence Committee Member Issues Warning on Possible Threat Targeting Americans’ DNA
By Jack Phillips
A Democrat on the House Intelligence Committee has warned Americans to not use DNA testing services because their data could be collected to create ...
- Philadelphia De-Prosecution Likely Caused 374 More Murders in 5 Years, Research Finds
By Cara Ding
Progressive de-prosecution policies likely caused 374 more murders during a five-year span in Philadelphia, according to research by Thomas Hogan, an attorney ...
- Trump Electrifies 5,000-Strong Young Conservatives Summit With Hint of Presidential Run
By Nanette Holt
Former President Donald Trump didn’t say he would try to reclaim the White House in 2024 when he addressed young conservatives in Tampa on ...
- Here Are the Senior Biden Officials Entangled in Durham’s Criminal Russiagate Probe
By Paul Sperry and RealClearInvestigations
Several individuals connected to a 2016 Hillary Clinton campaign plot to cast Donald Trump as a covert Kremlin collaborator are working in high-level jobs within the ...
- Sen. Josh Hawley Responds to Jan. 6 Criticism: ‘I Don’t Regret Anything I Did That Day’
By Ella Kietlinska and Joshua Philipp
Sen Josh Hawley (R-Mo.) said he does not regret anything he did on Jan. 6, 2021, in response to criticism he has ...
- Tech CEO Takes Stand for Truckers and Farmers in the US and Holland
By Nathan Worcester
Jeff Brain, CEO of the CloutHub social networking application, told The Epoch Times that freedom and liberty are being crushed in the United States, ...
![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")
