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By Julia Musto | Fox News
A partisan impeachment with a “rigged” outcome will be bad for America, Louisiana Sen. John Kennedy said Friday, defending the comments he made at a Trump ...
- Mark Meadows caught MSNBC’s anti-GOP bias ‘in real time,’ Charlie Kirk says
By Charles Creitz | Fox News
Turning Point USA founder Charlie Kirk praised Rep. Mark Meadows, R-N.C., on Friday, after Meadows interrupted an MSNBC reporter on the air to defend ...
- Nikki Haley says Trump does not deserve ‘death penalty’ impeachment proceedings
By Danielle Wallace | Fox News
Former U.N. Ambassador Nikki Haley says she does not believe President Trump will be impeached or removed from office, adding that her former boss does not deserve what ...
- Nunes demands Schiff testify in private as part of House impeachment inquiry
By Brooke Singman | Fox News
EXCLUSIVE: The top Republican on the House Intelligence Committee has formally requested that the panel’s chairman, Rep. Adam Schiff, D-Calif., testify in a ...
- CRAFT BREWERY PRINTS “EPSTEIN DIDN’T KILL HIMSELF” UNDER CANS
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A microbrewery in California has introduced a craft beer with the message “Jeffrey Epstein Didn’t Kill Himself” printed on the bottom of ...
- Report: Fox News’ Management Tells Staff Not to Mention Whistleblower’s Name
By Jack Phillips
A report claims that Fox News’ management has forbidden network hosts to use the name of the alleged whistleblower at the center ...
- Mulvaney Doesn’t Comply With House Impeachment Probe: Reports
By Jack Phillips
Acting White House Chief of Staff Mick Mulvaney refused to comply with the closed-door subpoena amid a House impeachment inquiry, according to ...
- John Bolton Has New Information on Ukraine Inquiry, Lawyer Says
By Jack Phillips
President Donald Trump’s former national security adviser John Bolton has new details about conversations and meetings related to the impeachment inquiry into Trump, his ...
- Yovanovitch communicated with Dem staffer on ‘delicate’ issue after complaint, emails show, despite testimony
By Gregg Re | Fox News
EXCLUSIVE: Former U.S. Ambassador to Ukraine Marie Yovanovitch, a key witness in House Democrats’ impeachment inquiry, communicated via her personal email account with a ...
- Jim Jordan assigned to Intel Committee ahead of Trump impeachment hearings
By Brooke Singman, Chad Pergram | Fox News
House Oversight Committee Ranking Member Jim Jordan has been assigned by Republican leadership to serve on the House Intelligence Committee so he ...
- Hunter Biden’s questionable past and business dealings could undo dad’s bid for White House
By Barnini Chakraborty | Fox News
Democratic front-runner Joe Biden has survived a series of poor debates, weathered criticism that he is out of touch and gaffe prone to ...
- White House press secretary reacts to John Bolton skipping Trump impeachment deposition
By Victor Garcia | Fox News
White House Press Secretary Stephanie Grisham responded Thursday to former National Security Adviser John Bolton skipping a Trump impeachment inquiry deposition, saying that executive privilege ...
![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")
