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Category: Economy

The US Economy

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
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’
Posted inEconomy

Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’

USNN World Newsby USNN World NewsDecember 29, 2024February 18, 2025
Economic Outlook for South Carolina: A Slow Brightening for 2025
Posted inEconomy

Economic Outlook for South Carolina: A Slow Brightening for 2025

USNN World Newsby USNN World NewsDecember 27, 2024December 27, 2024
US Home Prices Register 3rd Consecutive Monthly Gain
Posted inEconomy

US Home Prices Register 3rd Consecutive Monthly Gain

USNN World Newsby USNN World NewsDecember 26, 2024December 26, 2024
DOGE to Take on Pentagon’s $895.2 Billion Budget
Posted inEconomy

DOGE to Take on Pentagon’s $895.2 Billion Budget

USNN World Newsby USNN World NewsDecember 25, 2024May 20, 2025

Posts pagination

Newer posts 1 … 18 19 20 21 22 … 102 Older posts

NATIONAL NEWS

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    By Ethan Huff (Natural News) The Environmental Working Group (EWG) has compiled fresh data on the levels of toxic glyphosate (Roundup) found in several popular oat-based breakfast ...
  • USA Today bestselling author Jennifer Jaynes, who penned thrillers exposing the murderous vaccine deep state, found shot to deathUSA Today bestselling author Jennifer Jaynes, who penned thrillers exposing the murderous vaccine deep state, found shot to death
    By Mike Adams (Natural News) Jennifer Jaynes, USA Today bestselling author of Malice and other novels exposing the vaccine deep state, was found shot to death on ...
  • Shock: Adam Schiff Investigated Devin Nunes’s Phone RecordsShock: Adam Schiff Investigated Devin Nunes’s Phone Records
    By Joel B. Pollack House Intelligence Committee chairman Rep. Adam Schiff (D-CA) investigated Ranking Member Devin Nunes (D-CA) as part of his impeachment inquiry into ...
  • Schiff Hired Former NSC Colleague and Crony of ‘Whistleblower’ Eric Ciaramella ONE DAY After Trump-Ukraine CallSchiff Hired Former NSC Colleague and Crony of ‘Whistleblower’ Eric Ciaramella ONE DAY After Trump-Ukraine Call
    By Christina Laila TheGatewayPundit.com Adam Schiff hired former NatSec colleague and friend of ‘whistleblower’ Eric Ciaramella just one day after Trump’s July 25 phone call ...
  • Trump Administration to Tighten Food Stamp Eligibility Requirements for Able-Bodied AdultsTrump Administration to Tighten Food Stamp Eligibility Requirements for Able-Bodied Adults
    By Tom Ozimek The Trump administration is set to announce changes to the federal food stamp program that would strengthen eligibility requirements for certain categories ...
  • Convicted Pedophile Charged for Illegally Funneling Money to Groups Linked to Hillary ClintonConvicted Pedophile Charged for Illegally Funneling Money to Groups Linked to Hillary Clinton
    By Zachary Stieber A convicted pedophile used as a source by special counsel Robert Mueller was charged with attempting to conceal excessive contributions to Hillary ...
  • House Judiciary Academic Witness List Filled With Trump CriticsHouse Judiciary Academic Witness List Filled With Trump Critics
    By Janita Kan The House Judiciary Committee has summoned four constitutional law scholars, many of whom have criticized President Donald Trump and defended the impeachment ...
  • Pelosi and Company Hightail It to Warming Conference as Impeachment FloundersPelosi and Company Hightail It to Warming Conference as Impeachment Flounders
    By Roger L. Simon The more things change, the French say, the more they remain the same. And in the case of the modern libo-progressive, ...
  • This is CNN? Primetime shows filled with liberal opinion, not straight news as network claimsThis is CNN? Primetime shows filled with liberal opinion, not straight news as network claims
    By Brian Flood | Fox News CNN touts its primetime lineup as being straight, just-the-facts news, but anyone tuning in to the network’s evening programming can expect a heavy dose ...
  • ‘Hannity,’ ‘Tucker’ have best months ever as Fox News tops MSNBC, CNN for 215th straight month‘Hannity,’ 'Tucker' have best months ever as Fox News tops MSNBC, CNN for 215th straight month
    By Brian Flood | Fox News Fox News Channel finished November atop all of basic cable, earning the most total viewers for the 41st straight month, while “Hannity” remained the highest-rated ...
  • Devin Nunes sues CNN for $435M over ‘false and defamatory’ Ukraine storyDevin Nunes sues CNN for $435M over ‘false and defamatory’ Ukraine story
    By Brian Flood, Brooke Singman | Fox News Rep. Devin Nunes, R-Calif., sued CNN for defamation on Tuesday, accusing the cable network of publishing a “demonstrably false hit piece” about him amid ...
  • No, Trump Isn’t Threatening Our Constitutional SystemNo, Trump Isn’t Threatening Our Constitutional System
    By DAVID HARSANYI Recently, Tom Nichols, a leading anti-Trump voice (and a former colleague), informed me that “Trump has already changed our constitutional system in ways that ...
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