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By Morgan Phillips | Fox News
Historic monuments and statues have become the targets of anger and vandalism during protests.
President Trump announced Friday that he signed an executive ...
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By Morgan Phillips | Fox News
The new state would be called ‘Washington, Douglass Commonwealth’.
The Democratic-led House on Friday for the first time passed a bill that would make Washington, ...
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By Caleb Parke | Fox News
President Trump responded to the evangelical claim that he was appointed by God in an interview Monday.
CBN News political analyst David Brody asked Trump about the ...
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By Adam Shaw | Fox News
‘I would insist that everybody in public be wearing that mask,’ he said.
Presumptive Democratic presidential nominee Joe Biden said Thursday that he ...
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By David Aaro | Fox News
It was hard to tell if Joe Biden or President Trump would be appearing in south central Pennsylvania on Thursday by the looks of crowds gathered near ...
- Trump fields audience questions on mail-in voting, riots, says Democrats ‘destroying our country’
By Brie Stimson | Fox News
President Trump’s Fox News town hall with Sean Hannity on Thursday night presented a rare opportunity for the nation’s commander-in-chief to answer questions coming directly ...
- Trump says violence in Chicago, Baltimore, other US cities like ‘living in hell,’ in ‘Hannity’ town hall
By Andrew O’Reilly | Fox News
President Trump, in a Fox News town hall with Sean Hannity on Thursday, tore into the soaring violent-crime rates in cities including Chicago ...
- BET founder Robert Johnson says Dems taking black voters ‘for granted,’ calls for BLM to form party
By Marisa Schultz | Fox News
BET founder Robert Johnson says the Democratic Party has taken black voters in America for granted, and he urges the ascendant Black Lives Matter (BLM) ...
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By Joe Schoffstall | Washington Free Beacon
Nearly two-thirds of the money the Biden Cancer Initiative spent since its founding in 2017 went toward staff compensation and six-figure ...
- NASCAR: Driver’s ‘Hate Crime Noose’ Was Really A Garage Pull Rope
By Allison Schuster The Federalist
Separate FBI and NASCAR investigations found what some claimed was a “noose” in NASCAR driver Bubba Wallace’s garage at Talladega Superspeedway ...
- Space expert says 110 people is ‘minimum number’ to start life on Mars
By Chris Ciaccia | Fox News
If you’ve ever wondered how many people it will take to start a new civilization on Mars, you’ve got your answer.
At least ...
- Insurgents from the left threaten to upend Dem Party plans in Tuesday primaries
By Paul Steinhauser | Fox News
The progressive wing of the Democratic Party hasn’t had much to celebrate at the ballot box since populist Sen. Bernie Sanders suspended his presidential campaign two-and-a-half months ...
![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 7")
