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By Brooke Singman | Fox News
Trump’s tweets come after former first lady slammed the president during first night of the 2020 DNC.
President Trump on Tuesday hit ...
- CDC: New Mexico has highest rate for alcohol-related deaths
By Associated Press
New Mexico’s alcohol-related death rate was almost twice the U.S. rate.
According to a recently published report by the federal Centers for Disease ...
- Trump knocks Biden for not answering reporters’ questions: ‘He can’t come out of his basement’
By Joshua Nelson | Fox News
‘This guy doesn’t come out of his basement, and he hasn’t taken one question,’ the president says.
Presumptive Democratic presidential nominee Joe ...
- South Dakota turns down extra $300-a-week unemployment benefits from Trump administration
By Evie Fordham FOXBusiness
‘South Dakota’s economy, having never been shut down, has recovered nearly 80% of our job losses,’ governor says.
South Dakota Gov. Kristi Noem ...
- Robert Trump: brother of president Donald Trump dies aged 71
By The Guardian
Donald Trump’s younger brother, Robert Trump, died on Saturday night aged 71 after being hospitalised in New York, the president said in ...
- Group claims to have enough signatures to recall Oklahoma mayor who cut police funding
By Robert Gearty | Fox News
Norman Mayor Breaa Clark, a Democrat,says she is focused on doing her job, not losing her job.
A group that launched an effort ...
- Democratic convention sees party unity mission: Keep ‘resistive’ Bernie Sanders supporters from blowing this
By Paul Steinhauser | Fox News
Party wants to avoid replay of 2016 convention discord.
For a party that endured a wide-open presidential primary with more than two-dozen candidates ranging from the ...
- Trump going to ‘look at’ Edward Snowden case for potential pardon
By Morgan Phillips | Fox News
Trump polled his aides Thursday to see whether he should free the anti-surveillance whistleblower.
President Trump said he will “look at” the case ...
- President Trump to participate in every day of Republican convention
By Marisa Schultz, John Roberts | Fox News
President Trump will participate in every day of the Republican National Convention (RNC), an untraditional move for the nominee who is typically highlighted on the ...
- New York Democrats angered after NYPD union endorses Trump
By Morgan Phillips | Fox News
On Friday night, Trump spoke to members of the New York City Police Benevolent Association (PBA), an organization that represents 24,000 ...
- Tensions linger between Biden and Obama camps throughout 2020 primary campaign: report
By Morgan Phillips | Fox News
“Don’t underestimate Joe’s ability to f–k things up,” one Democrat who spoke to the former president recalled him saying.
Despite the best-friend bond Joe ...
- All the times Kamala Harris criticized Joe Biden during the Democratic primary
By Andrew Craft, Teny Sahakian | Fox News
Running mates clashed on health care, busing and the Hyde Amendment when they were rivals.
Before Joe Biden and Kamala Harris were on the same ...
![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")
