- California Church Congregants Hogtied Shooting Suspect Until Police Arrived
By Vanessa Serna
LAGUNA WOODS, Calif.—Taiwanese parishioners likely saved many after they hogtied a gunman who opened fire, killing one and injuring five, at an ...
- Trevor Loudon Exposes Marxist Groups, Foreign Connections Behind Mass Voting Drives
By Ella Kietlinska and Joshua Philipp
The recently released documentary “2000 Mules” by Dinesh D’Souza shows that there were about 2,000 individuals who received ballots from various nonprofit ...
- At Least 10 Dead in ‘Mass Shooting’ at Upstate NY Supermarket, Suspect in Custody
By Web Staff
At least 10 people were killed, 13 people were shot in a “mass shooting” at a supermarket in Buffalo, New York, on Saturday and ...
- Big Tech, Major Websites Are Caught Swiping Personal Data Without Consent
By Bryan Jung
Researchers from KU Leuven, Radboud University, and the University of Lausanne conducted a study that found tens of thousands of websites captured—without permission—every word ...
- Clintonworld steps away from Black Lives Matter on eve of financial disclosure
By Andrew Kerr, Investigative Reporter & Jerry Dunleavy, Justice Department Reporter
Marc Elias and Minyon Moore, two longtime allies of Bill and Hillary Clinton who recently took up key roles with ...
- Biden Oil and Gas Lease Sale Cancellations Draw Strong Reaction
By Nathan Worcester
As gas prices continue to break records, the Biden administration’s cancellation of two lease sales in the Gulf of Mexico and one lease sale ...
- Most Americans Don’t Want Those Shots
By Joseph Mercola
This is huge. There is no other vaccine where such a high percentage fails to complete a two-dose series. And, it gets ...
- House Democrat Found Way to Be in Two Places at Once; Watchdog Files Ethics Complaint
By Mark Tapscott
Rep. Val Demings (D-Fla.) is among the busiest people in the nation’s capital, being both a member of the House of Representatives ...
- Pennsylvania Patriots Join Forces to Demand Election Integrity
By Beth Brelje
Representatives from more than 70 political activism groups in Pennsylvania are demanding that their legislators repeal no-excuse mail-in voting and secure the commonwealth’s election ...
- Democrats Silent as Republicans Rip Into Secret Royalty Checks to Fauci, Hundreds of NIH Scientists
By Mark Tapscott
Top Democratic leaders with oversight of the National Institutes for Health (NIH) are keeping quiet about the $350 million in secret payments ...
- Retail Diesel Prices Surge to Fresh Record High Amid Tight Supplies
By Andrew Moran
Retail diesel prices hit a fresh record high of $5.557 per gallon on Thursday, according to the American Automobile Association (AAA).
The cost of a ...
- New DOJ Notes Reveal FBI Panic After Trump Tweeted He Knew He Was Being Spied On
By Jeff Carlson and Hans Mahncke
News Analysis
Newly released notes taken by high-level Department of Justice (DOJ) officials during a March 6, 2017, meeting with FBI leadership expose some of the lengths ...
![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")
