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By Hollie McKay | Fox News
Among those confounded by the revelation this week that accused sex trafficker Jeffrey Epstein had owned and prominently displayed a freakish ...
- Painting of Bill Clinton in blue dress and heels was inside Jeffrey Epstein’s NYC mansion: report
By Danielle Wallace | Fox News
A large painting of former President Bill Clinton wearing a blue dress similar to that of Monica Lewinsky’s and red heels was found ...
- Man says he witnessed CNN host Don Lemon’s alleged assault: ‘I was kind of making fun, I feel bad now’
By Brian Flood | Fox News
The former boss of a bartender who earlier this week filed an explosive lawsuit against CNN host Don Lemon, accusing the ...
- Trump set to speak to thousands at SNHU Arena, expected to focus on economy
By John Distaso
President making second visit to NH since taking office, first campaign rally since Election Eve, 2016.
MANCHESTER, N.H. —
The stage is set in ...
- Philadelphia police shooting suspect has ‘extensive’ criminal history, commissioner says
By Travis Fedschun | Fox News
The man accused of opening fire on Philadelphia police officers, wounding six and triggering an hours long standoff that stretched into the night, has been ...
- Was Jeffrey Epstein’s death suicide or homicide? Dr. Siegel says one appears ‘more likely’
By Nick Givas | Fox News
Fox News medical contributor Dr. Marc Siegel said Thursday that it’s “more likely” Jeffrey Epstein’s death was a homicide rather than a suicide, following ...
- Spygate Indictments Coming, Says Former Intelligence Operative Tony Shaffer
By American Thought Leaders – The Epoch Times
What is the status of the different investigations into the investigators headed by Attorney General William Barr, ...
- At least 6 Philadelphia officers wounded in shootout; police warn of active scene
By Vandana Rambaran | Fox News
At least six Philadelphia police officers were shot, reportedly grazed in the head, in an ongoing shootout in the city’s Nicetown neighborhood on Wednesday afternoon ...
- Dow plummets 800 points on worsening global recession fears
By Ken Martin FOXBusiness
Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points — the fourth largest daily point drop on ...
- White House adviser Peter Navarro blames Federal Reserve for moving ‘too far, too fast,’ causing market plunge
By Nick Givas | Fox News
White House Trade Adviser Peter Navarro blamed the Federal Reserve for recent financial turmoil and called for lower interest rates to help stabilize U.S. markets.
“This is ...
- CNN has bad week amid April Ryan, Chris Cuomo and Don Lemon news: ‘It was quite embarrassing’
By Brian Flood | Fox News
It’s been another rough week for CNN as the network suddenly has a plethora of off-screen issues in addition to its usual ratings struggles.
“Just when one ...
- Epstein’s Prison Guards Suspected of Falsifying Logs: Reports
BY SIMON VEAZEY
Prison guards at Jeffrey Epstein’s unit are suspected to have falsified log entries showing they carried out regular checks in the run-up to his ...
![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")
