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Category: Economy

The US Economy

CBO: National Debt to Soar by $23.9 Trillion If Tax Cuts Not Extended
Posted inEconomy

CBO: National Debt to Soar by $23.9 Trillion If Tax Cuts Not Extended

USNN World Newsby USNN World NewsJanuary 19, 2025October 27, 2025
US inflation picked up in December but underlying price pressures eased
Posted inEconomy

US inflation picked up in December but underlying price pressures eased

USNN World Newsby USNN World NewsJanuary 17, 2025January 17, 2025
Economy Risks a $1 Trillion Hit If Trump Tax Cuts Expire, Study Says
Posted inEconomy

Economy Risks a $1 Trillion Hit If Trump Tax Cuts Expire, Study Says

USNN World Newsby USNN World NewsJanuary 15, 2025March 14, 2025
US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs
Posted inEconomy

US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs

USNN World Newsby USNN World NewsJanuary 15, 2025March 5, 2025
Food Prices Predicted to Increase 1.9 Percent in 2025: USDA
Posted inEconomy

Food Prices Predicted to Increase 1.9 Percent in 2025: USDA

USNN World Newsby USNN World NewsJanuary 13, 2025January 22, 2025
More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says
Posted inEconomy

More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says

USNN World Newsby USNN World NewsJanuary 12, 2025March 5, 2025
US Job Cuts Hit 15-Year High in 2024, Excluding Pandemic
Posted inEconomy

US Job Cuts Hit 15-Year High in 2024, Excluding Pandemic

USNN World Newsby USNN World NewsJanuary 10, 2025April 23, 2025
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, 2025October 29, 2025

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NATIONAL NEWS

  • Pence: Election Isn’t Over Until Every ‘Legal Vote Is Counted’Pence: Election Isn’t Over Until Every ‘Legal Vote Is Counted’
    By Tom Ozimek Vice President Mike Pence insisted Monday that the presidential race is not over until all legal votes have been counted and that the Trump ...
  • Trump Campaign Files Lawsuit Over ‘Two-Tiered’ Election System in PennsylvaniaTrump Campaign Files Lawsuit Over ‘Two-Tiered’ Election System in Pennsylvania
    By Simon Veazey The Trump campaign has filed a lawsuit alleging the Pennsylvania election process violated the Constitution by creating different standards of verification and transparency for mail-in and in-person voters. In a ...
  • Trump Pulls Within 1 Percent of Biden in ArizonaTrump Pulls Within 1 Percent of Biden in Arizona
    By Zachary Stieber President Donald Trump is within 1 percent of Democratic presidential nominee Joe Biden in Arizona, according to the latest unofficial results. An automatic recount will ...
  • Trump Win Validated by Quantum Blockchain System Recount of VotesTrump Win Validated by Quantum Blockchain System Recount of Votes
    By Judy Byington A recount of voting ballots nationwide was being done by elite units of the National Guard by early Sun. morning 8 Nov. ...
  • System ‘Glitch’ Also Uncovered In Wisconsin – Reversal of Swapped Votes Removes Lead from Joe BidenSystem ‘Glitch’ Also Uncovered In Wisconsin – Reversal of Swapped Votes Removes Lead from Joe Biden
    By Joe Hoft The Gateway Pundit We’ve reported on numerous events identified in the 2020 election already which are being referred to as ‘glitches’ by ...
  • SIDNEY POWELL AND TOM FITTON: TRUMP SHOULD FIGHT!SIDNEY POWELL AND TOM FITTON: TRUMP SHOULD FIGHT!
    By Fox Business https://youtu.be/pCEfiV5L0ig Judicial Watch President Tom Fitton appeared on “Lou Dobbs Tonight” to discuss thoughts on voter fraud and the latest legal challenges regarding ...
  • McConnell: Trump ‘100 Percent Within His Rights’ to Weigh Legal Options on ElectionMcConnell: Trump ‘100 Percent Within His Rights’ to Weigh Legal Options on Election
    By Jack Phillips Senate Majority Leader Mitch McConnell (R-Ky.) said on Nov. 9 that the race between President Donald Trump and Democratic presidential candidate Joe Biden isn’t ...
  • Georgia Election Official: ‘We Are Going to Find That People Did Illegally Vote’Georgia Election Official: ‘We Are Going to Find That People Did Illegally Vote’
    By Jack Phillips Vote-counting efforts in the state to be finished Tuesday or Wednesday. Georgia’s vote-counting efforts will be done either on Tuesday or Wednesday, and ...
  • Thousands of Unregistered People Allowed to Vote by Mail in Detroit, Poll Watcher AllegesThousands of Unregistered People Allowed to Vote by Mail in Detroit, Poll Watcher Alleges
    By Petr Svab Thousands of mail-in ballots from people who weren’t properly registered to vote were added to vote counts in Detroit, Michigan, a poll ...
  • ALL Media Outlets PULL Live Voting Total Update Feeds – Too Many Americans Watching Vote-SwitchingALL Media Outlets PULL Live Voting Total Update Feeds - Too Many Americans Watching Vote-Switching
    By Hal Turner News Desk The entirety of the U.S. mass-media suddenly and inexplicably PULLED all their live voting total feeds from both TV and ...
  • Whistleblower Saw People in Biden Van Opening, Filling, and Sealing Nevada Ballots, Trump Campaign ClaimsWhistleblower Saw People in Biden Van Opening, Filling, and Sealing Nevada Ballots, Trump Campaign Claims
    By Ivan Pentchoukov The Trump campaign on Sunday described a sworn affidavit from a whistleblower in Nevada who alleges to have witnessed people inside a Biden-Harris van ...
  • Missouri, Kentucky AGs Join Lawsuit Challenging Pennsylvania Mail-In Ballot Deadline ExtensionMissouri, Kentucky AGs Join Lawsuit Challenging Pennsylvania Mail-In Ballot Deadline Extension
    By Tom Ozimek Attorneys general in Missouri and Kentucky have joined a Republican lawsuit challenging Pennsylvania mail-in ballots before the U.S. Supreme Court, according to multiple reports. A spokesperson for ...
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