- Philadelphia Eagles Removing ‘Counterfeit’ Kamala Harris Ads Across City
By Jack Phillips
The Philadelphia Eagles on Monday confirmed they would work to remove unauthorized posters that appear to show the Eagles endorsing Democratic presidential ...
- Former Top Aide of Hochul Charged With Spying for Beijing
By Lily Zhou
Linda Sun, former deputy chief of staff to New York Gov. Kathy Hochul, was charged on Tuesday with acting on behalf of ...
- First 2024 Election Mail Ballots Scheduled to Go Out This Week
By Jack Phillips
While there are around 60 days until Election Day on Nov. 5, the first mail-in ballots are slated to reach voters starting ...
- Pentagon Chief Tells Israeli Counterpart Hamas Must Be Held Accountable for Hostage Deaths
By Aldgra Fredly
U.S. Secretary of Defense Lloyd Austin on Sunday said that Hamas leaders be held accountable for the killing of six hostages in ...
- Families of Fallen Soldiers Defend Trump After Arlington Cemetery Visit Fallout
By Naveen Athrappully
Former President Donald Trump posted videos of family members of fallen soldiers responding to Vice President Kamala Harris’s criticism of his recent ...
- Trump Flipped These Western Wisconsin Counties. What About This Time
By Nathan Worcester
“I am a true neutral.”
Matthew Johnson, a short, energetic Texan, was talking politics as he showed off his spread on the south ...
- FBI Report on Violent Crime Statistics Involving U.S. and Non-U.S. Citizens (2016-2024): Yearly Totals and Comparative Analysis
By Stephen Zogopoulos, USNN World News
The FBI has released an extensive report detailing violent crime statistics involving both U.S. citizens and non-U.S. citizens from ...
- Harris Defends Shifting Positions in Primetime Interview
By Ivan Pentchoukov, Jacob Burg and Emel Akan
Vice President Kamala Harris, in her first interview as the Democratic presidential nominee on Aug. 29, clarified her shifting positions on ...
- What’s Next for Trump in His Ongoing Criminal Cases?
By Sam Dorman
Former President Donald Trump continues to face potential legal battles in four criminal cases, raising the prospect that a possible future presidency ...
- DOJ Watchdog Report Criticizes FBI for Lapses in Handling Child Sex Abuse Tips
By Chase Smith
A U.S. Department of Justice (DOJ) watchdog issued a critical report this week, examining the FBI’s handling of tips related to “hands-on” ...
- Special Counsel Smith Files Revised Indictment in Trump Federal Election Case
By Sam Dorman
Special counsel Jack Smith filed an updated indictment against former President Donald Trump in Washington on Aug. 27 following the Supreme Court’s ...
- Texas Conducts Raids on Several Democrats’ Homes in Election Fraud Investigation
By Darlene McCormick Sanchez
A Latino civil rights group is calling for a federal investigation into the Texas attorney general’s office for raiding the homes ...
![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")
