- Pence adviser says Trump request that Ukraine open Biden probe was ‘unusual and inappropriate’
By Samuel Chamberlain | Fox News
An adviser to Vice President Mike Pence told House impeachment investigators this month that President Trump’s request for Ukraine President Volodymyr Zelensky to open an investigation ...
- ‘Furious’ Trump sounds off on whistleblower, inquiry in exclusive interview with Dan Bongino
By Julia Musto | Fox News
President Trump is right to be “furious” about House Democrats’ impeachment push, Fox News contributor Dan Bongino said Saturday.
Appearing on “Fox & Friends: Weekend,” Bongino said ...
- Gregg Jarrett on Trump tweet attacking Yovanovitch during hearing: ‘He had no choice’
By Joshua Nelson | Fox News
After President Trump criticized former U.S. Ambassador to Ukraine Marie Yovanovitch on Twitter during her impeachment inquiry testimony Friday, Fox News legal analyst Gregg Jarret said that the ...
- Chris Stewart takedown of Yovanovitch shows Democrats have ‘no case,’ GOP says
By Victor Garcia | Fox News
From the view of the White House and some top Republicans, U.S. Rep. Chris Stewart’s questioning of former U.S. Ambassador to Ukraine Marie Yovanovitch on Friday was ...
- Ethics Committee releases messages showing Tlaib asking campaign for personal money, as ethics probes announced
By Gregg Re | Fox News
The House Ethics Committee on Thursday released a trove of striking internal campaign communications sent in 2018 by Michigan Democratic Rep. Rashida Tlaib, ...
- Fox News beats all broadcast, cable networks in impeachment hearing viewership
By Brian Flood | Fox News
Fox News’ coverage of the first day of impeachment hearings Wednesday outperformed all broadcast and cable news networks in total viewers, according to ...
- Ken Starr, Former Clinton Prosecutor, Says Impeachment Efforts Lack a Star Witness
By Zachary Stieber
Ken Starr, the independent counsel who headed the impeachment
investigation of President Bill Clinton in the 1990s, said that House
Democrats appear to lack ...
- Democrat Rep. Van Drew Says Impeachment Testimony Is ‘Hearsay’
By Jack Phillips
Rep. Jeff Van Drew (D-N.J.), who represents a congressional district
that voted in favor of President Trump, said that diplomat Bill Taylor’s
testimony ...
- Adam Schiff Will Be Called as a Witness in Senate Impeachment Trial: Graham
By Zachary Stieber
House Intelligence Chairman Adam Schiff (D-Calif.) will be called as a witness in a Senate impeachment trial, which will be held if ...
- Kevin McCarthy Says House Democrat Told Him They Want to Switch Parties
By Jack Phillips
House Minority Leader Kevin McCarthy has said some Democrats are
starting to second-guess the impeachment inquiry against President
Donald Trump, as well as the ...
- Nancy Pelosi refers to reporter as ‘Mr. Republican talking points’ after whistleblower question
By Brian Flood | Fox News
House Speaker Nancy Pelosi accused Sinclair Broadcast Group reporter James Rosen of spouting GOP talking points after he asked a question about the ...
- Republicans Motion to Subpoena Whistleblower
By Zachary Stieber
Rep. Mike Conaway (R-Texas) in a file photograph in Washington. (Alex Wong/Getty Images)
GOP lawmakers on Nov. 13 motioned to subpoena the person ...
![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")
