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By Sumner Park FOXBusiness
Even as the pandemic adds more pressure to farmers already distressed from trade war challenges, Trump’s efforts to stand up to ...
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By Talia Kaplan FOXBusiness
Langone co-founded Home Depot in 1978 and helped create what would be become the world’s largest home improvement retailer.
Home Depot co-founder Ken Langone told “Cavuto: Coast ...
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By Ronn Blitzer | Fox News
Trump predicts economic depression if Biden wins, while Biden says Trump is ‘a threat to this nation’.
The day has arrived for ...
- Stock market history would suggest that Trump will defeat Biden
By Jonathan Garber FOXBusiness
The S&P 500 gained 1.2% in three months leading up to Election Day.
Stock market history suggests President Trump will prove the polls wrong and secure ...
- Rush Limbaugh says media’s narrative about enthusiasm for Biden will be proven wrong
By Joshua Q. Nelson | Fox News
Radio host said conventional wisdom will be wrong just like in 2016.
Radio host Rush Limbaugh stressed the importance of this Election Day saying it ...
- What to know on Election Day 2020: Culmination of the battle for the White House
By Tyler Olson | Fox News
Election Day Guide: Battleground state watch list, key races, poll closing times and when to expect a winner.
Americans on Tuesday are ...
- Biden’s fracking stance may cut 19M jobs, raise electric prices: Energy secretary
By Sumner Park FOXBusiness
Fracking makes up a large part of the economy in key battleground states like Pennsylvania and Texas.
A Joe Biden presidency could undo ...
- Pennsylvania bakery’s election-themed ‘cookie poll’ is now showing clear front-runner
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Lochel’s Bakery will debut a ‘celebratory’ cookie in honor of the winner.
The official tally isn’t in just yet, but one candidate ...
- Biden’s gaffes continue as Election Day draws near
By Megan Henney | Fox News
Biden mispronounced health care as ‘badakathcare’.
Democratic presidential nominee Joe Biden stumbled on his words again, twice, while campaigning this weekend with less than ...
- Pennsylvania, Nevada AGs welcome Trump threats to send in lawyers on Election Day
By Louis Casiano FOXBusiness
Although Trump has said the winner should be decided Tuesday night, in many states it will take longer to count all the ...
- ‘No climb’ fence going up around White House, says law enforcement source
By Stephen Sorace | Fox News
Preparations come amid concerns over potential Election Day unrest.
With Election Day preparations in full swing across the country, the White House will have a “no ...
- Sanders tells ‘Squad’ of need to push Biden to be ‘most progressive president since FDR’
By Adam Shaw | Fox News
Biden has rejected claims he will be pulled to the left if elected.
Sen. Bernie Sanders, I-Vt., said in an interview that left-wing lawmakers ...
![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 | USNN World News")
