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Category: Economy

The US Economy

US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs
Posted inEconomy

US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs

USNN World Newsby USNN World NewsJanuary 15, 2025March 5, 2025
Food Prices Predicted to Increase 1.9 Percent in 2025: USDA
Posted inEconomy

Food Prices Predicted to Increase 1.9 Percent in 2025: USDA

USNN World Newsby USNN World NewsJanuary 13, 2025January 22, 2025
More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says
Posted inEconomy

More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says

USNN World Newsby USNN World NewsJanuary 12, 2025March 5, 2025
US Job Cuts Hit 15-Year High in 2024, Excluding Pandemic
Posted inEconomy

US Job Cuts Hit 15-Year High in 2024, Excluding Pandemic

USNN World Newsby USNN World NewsJanuary 10, 2025April 23, 2025
Americans Keep Migrating to States With Better Economies
Posted inEconomy

Americans Keep Migrating to States With Better Economies

USNN World Newsby USNN World NewsJanuary 10, 2025February 18, 2025
Costco Sales Jump on a Shift in the Holiday Shopping Season
Posted inEconomy

Costco Sales Jump on a Shift in the Holiday Shopping Season

USNN World Newsby USNN World NewsJanuary 9, 2025January 9, 2025
US Private Sector Job Growth Slowed in Final Month of 2024
Posted inEconomy

US Private Sector Job Growth Slowed in Final Month of 2024

USNN World Newsby USNN World NewsJanuary 8, 2025January 8, 2025
New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know
Posted inEconomy

New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know

USNN World Newsby USNN World NewsJanuary 5, 2025February 5, 2025
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.
Posted inEconomy

US Dollar Index Hits Highest Level in 2 Years, Euro Falls

USNN World Newsby USNN World NewsJanuary 3, 2025June 19, 2025
Economists Discuss the Case of Sticky Inflation as US Moves Into 2025
Posted inEconomy

Economists Discuss the Case of Sticky Inflation as US Moves Into 2025

USNN World Newsby USNN World NewsDecember 31, 2024January 1, 2025
US Credit Card Defaults Reach Highest Point Since 2010
Posted inEconomy

US Credit Card Defaults Reach Highest Point Since 2010

USNN World Newsby USNN World NewsDecember 30, 2024December 30, 2024
US Trade Deficit Rises to More Than $100 Billion
Posted inEconomy

US Trade Deficit Rises to More Than $100 Billion

USNN World Newsby USNN World NewsDecember 30, 2024March 14, 2025

Posts pagination

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NATIONAL NEWS

  • Sidney Powell: Voting Contracts in Georgia Warrant Criminal InvestigationSidney Powell: Voting Contracts in Georgia Warrant Criminal Investigation
    By Jack Phillips Sidney Powell, who has filed election-related lawsuits in favor of President Donald Trump’s campaign, said that Dominion Voting Systems should be investigated ...
  • Judge Blocks, Unblocks, Then Blocks Georgia From Wiping or Resetting Election MachinesJudge Blocks, Unblocks, Then Blocks Georgia From Wiping or Resetting Election Machines
    By Ivan Pentchoukov and Petr Svab UPDATE: In a third order issued late Sunday night, a federal judge overseeing Sidney Powell’s Georgia lawsuit granted a temporary ...
  • Judge Schedules Hearing in High-Profile Georgia Election CaseJudge Schedules Hearing in High-Profile Georgia Election Case
    By Zachary Stieber The judge who Sunday ordered Georgia officials not to wipe or reset voting machines scheduled the next hearing in the case for Friday. U.S. District ...
  • Joe Biden Injures Ankle While Playing With His Dog: CampaignJoe Biden Injures Ankle While Playing With His Dog: Campaign
    By Jack Phillips Democratic presidential candidate Joe Biden slipped while playing with his dog, Major, and twisted his ankle, according to his campaign and pool reporters. His campaign said Sunday ...
  • Trump Suggests He’ll Appoint ‘Special Prosecutor’Trump Suggests He’ll Appoint ‘Special Prosecutor’
    By Jack Phillips President Donald Trump said he is considering appointing a special prosecutor to probe former intelligence officials and investigators involved in surveilling his 2016 campaign as well ...
  • Vote-Counting Feeds in Pennsylvania, Georgia Show Irregularities: Data ExpertVote-Counting Feeds in Pennsylvania, Georgia Show Irregularities: Data Expert
    By Jack Phillips A data expert who helped raise millions of dollars for GOP campaigns said that vote tabulation data in key states have “anomalies” ...
  • Livestream for Election Integrity Hearing With Arizona State Legislature, Trump’s LawyersLivestream for Election Integrity Hearing With Arizona State Legislature, Trump’s Lawyers
    By The EPOCH Times Staff The Arizona State Legislature is scheduled to hold an election integrity hearing on Nov. 30 that will include President Donald Trump’s lawyers Jenna Ellis and Rudy Giuliani. The ...
  • PA poll watcher: USB cards uploaded to voting machines 24+ times, 47 USB cards missingPA poll watcher: USB cards uploaded to voting machines 24+ times, 47 USB cards missing
    By NTD https://youtu.be/k3WK0M4S_Qw A Republican poll observer from Pennsylvania’s Delaware County told a Senate GOP Policy Committee hearing in Gettysburg on Nov. 25 that he witnessed ...
  • FBI Requests Fraud, Disenfranchisement Evidence, Researcher SaysFBI Requests Fraud, Disenfranchisement Evidence, Researcher Says
    By Petr Svab The FBI has reached out to an election integrity researcher for evidence of potential crimes in the 2020 election, according to the researcher, who is also ...
  • Trump: Leaders Called Him on Election Night to Congratulate, Then Votes Came in ‘Dumps’Trump: Leaders Called Him on Election Night to Congratulate, Then Votes Came in ‘Dumps’
    By Jack Phillips President Donald Trump said that world leaders called to congratulate him on Election Night but then, according to him, votes came in “dumps,” while adding ...
  • Newt Gingrich: 2020 Election May Be Biggest Presidential Theft Since 1824Newt Gingrich: 2020 Election May Be Biggest Presidential Theft Since 1824
    By Ivan Pentchoukov Former Republican House Speaker New Gingrich said on Friday that the 2020 election may have been subject to the biggest theft in nearly two ...
  • Trump Doubles Down on Need to Roll Back Legal Protections for Tech CompaniesTrump Doubles Down on Need to Roll Back Legal Protections for Tech Companies
    By Janita Kan President Donald Trump this week renewed his calls to curtail legal protections for internet companies amid allegations of censorship and selective policing of ...
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