- Police Waited to Enter Texas School as Shooter Opened Fire: Witnesses
By Jack Phillips
Several witnesses on the scene of the Texas mass shooting said that police waited to enter as videos surfaced of parents telling officers to “Go protect ...
- Twitter to Pay $150 Million After Being Accused of Improperly Selling User Data
By Mimi Nguyen Ly
Twitter has agreed to pay $150 million after it was accused of having sold private information from users to target advertising, without ...
- Biden’s ATF Pick, Senator Clash Over ‘Assault Weapon’ Definition During Judiciary Hearing
By Joseph Lord
The Senate Judiciary Committee on May 25 met to consider the nomination of Steven Dettelbach to be director of the Bureau of Alcohol, Firearms, ...
- 18 Major Airlines, FAA, and DOT to Be Sued Over COVID Vaccine Mandates
By Enrico Trigoso
John Pierce Law has filed a lawsuit against Atlas Air, on behalf of US Freedom Flyers (USFF) and Atlas employees, and plans ...
- Ex-Clinton Lawyer Told Different Stories to Congress and FBI About Origin of Trump-Russia Info, Jury Hears
By John Haughey and Zachary Stieber
WASHINGTON—A lawyer representing Hillary Clinton’s campaign told members of Congress in 2017 that he took information about Donald Trump and Russia to the ...
- Obama officials tried to ‘circumvent’ Trump’s foreign policy
By Bob Unruh
Some officials from Barack Obama’s administration were actively trying to undermine the administration of President Donald Trump while he was in office, ...
- Anonymous Source Who Vouched for Trump–Russia Claims is Same Man Who Sent Lawyer to FBI: Agent
By John Haughey and Zachary Stieber
WASHINGTON—The technology executive who helped gather data on Donald Trump and Russia in 2016 sent some of the data to the FBI ...
- Texas Elementary School Shooter Posted to Facebook 3 Times Before Massacre: Governor
By Charlotte Cuthbertson and Zachary Stieber
UVALDE, Texas—The man who killed 19 children in an elementary school on May 24 posted thrice to Facebook before arriving at the facility, Gov. ...
- 14 Students, 1 Teacher Killed After Shooting at Texas Elementary School: Governor
By Zachary Stieber
Fourteen children and a teacher were fatally shot by an 18-year-old male at an elementary school in Texas on May 24, Gov. Greg Abbott said.
The ...
- DC Attorney General Sues Zuckerberg Over Cambridge Analytica Data Breach Scandal
By Rita Li
Washington, D.C. Attorney General Karl Racine on Monday filed a lawsuit against Facebook founder Mark Zuckerberg for allegedly failing to secure millions of users’ ...
- Texas Ranchers Struggling With Property Damage Amid Surge of Illegal Immigrants
By Autumn Spredemann
As a human tidal wave continues flowing across the U.S. southern border from Mexico, cattle ranchers in Texas scramble to deal with ...
- Gas Prices Jump 33 Cents in Past 2 Weeks, Some Analysts See $6 per Gallon by August
By Tom Ozimek
The average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon, according to the Lundberg ...
![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 10")
