- Loaded gun found in jail where Jeffrey Epstein killed himself
By Associated Press
Federal investigators found a loaded gun Thursday that had been smuggled into the jail where Jeffrey Epstein killed himself last summer, following a weeklong ...
- Trump campaign sues CNN over ‘false and defamatory’ statements, seeks millions in damages
By Brian Flood, Brooke Singman | Fox News
EXCLUSIVE: President Trump’s re-election campaign filed a libel lawsuit against CNN on Friday for publishing “false and defamatory” statements about seeking Russia’s help in the ...
- Will female, youth and minority voters lose interest as 2020 race comes down to 3 white septuagenarians?
By Paul Steinhauser | Fox News
Sen. Elizabeth Warren was the last major female candidate running in the race for the Democratic presidential nomination.
And with the suspension of the ...
- Conway: Trump spoke about cutting deficit, not Medicare and Social Security, at Fox News town hall
By Charles Creitz | Fox News
President Trump was not talking about cutting entitlement benefits when he spoke about the U.S. economy during a Fox News town hall in Scranton, Pa., on ...
- Fox News to host Bernie Sanders town hall with Bret Baier, Martha MacCallum
By Brian Flood | Fox News
Fox News will host a second town hall event with Sen. Bernie Sanders, I-Vt., on Monday in Detroit, Fox News Media President and ...
- Trump visiting Tennessee after deadly tornadoes
By Adam Shaw | Fox News
President Trump on Friday is visiting parts of Tennessee that were hit by tornadoes earlier this week, leaving dozens dead and many more ...
- GOP candidate Dalia al-Aqidi on challenging Ilhan Omar, being ignored by mainstream media
By Joseph A. Wulfsohn, Brian Flood | Fox News
Media Angle is a column offering perspectives on today’s media landscape from the newsmakers themselves.
Rep. Ilhan Omar, D-Minn, has become ...
- Pelosi says ‘element of misogyny’ in race as Warren becomes latest female candidate to bow out
By Ronn Blitzer | Fox News
House Speaker Nancy Pelosi said she is “encouraged” by the ideological debates within the Democratic Party now represented by Sen. Bernie Sanders, I-Vt., and former ...
- Trump, at Fox News Town Hall, suggests Biden isn’t competent: ‘There’s something going on there’
By Gregg Re | Fox News
President Trump, speaking at a Fox News Town Hall in Joe Biden’s hometown of Scranton, Pa., on Thursday evening, openly suggested ...
- Bloomberg News says it will resume ‘normal coverage of the election’ after co-founder exits Democratic race
By Sam Dorman | Fox News
Bloomberg News has said it will resume its normal coverage of the 2020 presidential election, abandoning its recently implemented policy of not investigating either ...
- Mike Bloomberg suspends presidential campaign after Super Tuesday flop
By Paul Steinhauser, Kelly Phares | Fox News
Former New York City Mayor Mike Bloomberg suspended his presidential campaign Wednesday after spending record amounts from his own fortune on an ...
- AOC-aligned progressive candidates fall flat in Super Tuesday contests
By James Levinson | Fox News
Rep. Alexandria Ocasio-Cortez’s progressive candidates did not have a “super” Tuesday in the first congressional primaries of the 2020 cycle.
The Democratic establishment, on ...
![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 6")
