- Republicans at odds over impeachment trial terms as Trump floats dismissal
By Brooke Singman | Fox News
Washington is just days away from the start of the first impeachment trial in over two decades, but congressional leaders remain ...
- Trump hits back at ‘Mini Mike Bloomberg,’ accuses him of ‘false advertising’
By Brooke Singman | Fox News
President Trump blasted “Mini Mike Bloomberg” over his campaign ad blitz on Monday, accusing the former New York mayor’s presidential campaign of “false advertising” ...
- Trump campaign dubs Bernie Sanders the new Dem ‘frontrunner’
By Kristin Fisher, Alex Pappas | Fox News
President Trump’s re-election campaign is deeming Vermont Sen. Bernie Sanders the indisputable frontrunner in the Democratic primary, as polling shows the Democratic socialist ...
- Trump accuses ‘unhinged’ Democrats of ‘defending the life’ of Iran’s Soleimani
By Adam Shaw | Fox News
President Trump on Saturday described Democrats as being “unhinged” and accused them of “defending the life” of Iranian Gen. Qassem Soleimani — who was taken ...
- Warren town hall interrupted by angry protester accusing her of ‘siding with terrorists’
By Alex Pappas, Paul Steinhauser | Fox News
DOVER, N.H. — An irate protester interrupted the start of Democratic presidential candidate Elizabeth Warren’s campaign event here Friday, angrily accusing the Massachusetts ...
- Epstein gave $850G to MIT; three top officials knew he was convicted sex offender, report finds
By Louis Casiano | Fox News
Three top administrators at the Massachusetts Institute of Technology knew that Jeffrey Epstein was a convicted sex offender in 2013 but still approved the acceptance ...
- California crews dismantle 3-story ‘treehouse’ homeless shelter as final phase of cleanup initiative begins
By Paulina Dedaj | Fox News
Officials in Los Angeles County on Thursday tore down a massive three-story makeshift shelter built in the Sepulveda Basin as cleanup crews entered the ...
- Giuliani: Supreme Court should step in and declare Trump’s impeachment ‘unconstitutional’
By Morgan Phillips | Fox News
President Trump’s personal attorney Rudy Giuliani sounded off about the president’s impeachment Thursday, repeatedly calling on the Supreme Court to step in and ...
- McConnell tells GOP senators impeachment trial could start next week
By Mike Emanuel, Alex Pappas | Fox News
Senate Majority Leader Mitch McConnell told Republican senators during the party’s weekly lunch meeting Thursday that he expects House Speaker Nancy Pelosi to transmit ...
- Dem congressman breaks rank on War Powers Resolution: ‘I refuse to play politics with questions of war and peace’
By Andrew O’Reilly | Fox News
A Democratic congressman from New York broke rank with his party on Thursday by vowing to vote against the War Powers Resolution being ...
- Surveillance video of Epstein cell on night of 1st alleged suicide attempt deleted, ‘technical errors’ blamed
By Bryan Llenas | Fox News
NEW YORK CITY – Surveillance video of Jeffrey Epstein’s jail cell the night of his first alleged suicide attempt last July has been deleted as a ...
- Trump Unveils Plan to Speed Up Permits for Big Projects
By Ivan Pentchoukov
President Donald Trump on Jan. 9 introduced a plan to expedite the permitting process for major infrastructure projects like oil pipelines ...
![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 5")
