- Biden campaign clarifies claim Trump ‘first’ racist president, after past slave owners noted
By Ronn Blitzer | Fox News
Biden’s comment drew instant criticism.
Joe Biden’s campaign has clarified a statement from the presumptive Democratic presidential nominee that President Trump is the “first” ...
- Protest mobs turn on liberal urban mayors, rejecting their support and demanding resignations
By Adam Shaw | Fox News
‘Tear Gas Ted has got to go,’ protesters chant.
Portland Mayor Ted Wheeler on Wednesday was booed, heckled and called a “fascist” by ...
- CNN’s Chris Cuomo’s attempt to call out Ted Cruz gets quick response
By Brie Stimson | Fox News
‘When you air the interviews you already have, then maybe we can discuss new ones. #FakeNews,’ he tweeted.
Sen. Ted Cruz, R-Texas, called out CNN’s ...
- Lockdowns were ‘big mistake,’ crippled economy and haven’t ‘done much’ to curb COVID-19: Rand Paul
By Talia Kaplan | Fox News
‘I see nothing to be admired in New York’s lockdown,’ Paul says.
Sen. Rand Paul, R-Ky., told “Fox News Rundown” podcast on Wednesday that he ...
- Mail-in voting faces slew of issues nationwide, as emergency USPS memo sounds alarm
By Gregg Re | Fox News
Mail carriers may need to leave packages behind at distribution centers, memo warns.
Mail-in voting across the country has led to a series ...
- Chicago’s Lori Lightfoot tweets against Trump as bullets fly outside funeral home
By Brie Stimson | Fox News
The mayor’s tweet came almost simultaneously as at least 15 people were reportedly shot outside a funeral home.
Even as Chicago Mayor Lori Lightfoot was accusing President ...
- Majority of voters reject reducing police funding, despite national push: poll
By Adam Shaw | Fox News
A majority of voters reject reducing police funding and moving that money to social services, despite a national push in recent weeks from activist ...
- Trump claims mail-in voting will lead to ‘most corrupt election’ in US history
By Brooke Singman | Fox News
Republicans have warned about voter fraud connected to mail-in voting for months.
President Trump doubled down on his criticism of mail-in voting on Tuesday, warning ...
- Trump campaign aims to reset with staff shake-up, sharpened data focus
By Reuters
WASHINGTON (Reuters) – President Donald Trump’s troubled re-election bid entered a new phase on Thursday after a leadership shake-up put a longtime Republican ...
- U.S. officials defend Portland crackdown: ‘We’re not going to apologize’
By Reuters
WASHINGTON/PORTLAND (Reuters) – U.S. Homeland Security officials said on Monday they had no intention of pulling back in Portland, Oregon, after a federal ...
- Gunman in FedEx uniform slays son, wounds spouse of judge linked to gang, Epstein, ‘Housewives’ cases
By Edmund DeMarche, Stephanie Pagones | Fox News
Judge worked in cases involving Jeffrey Epstein and RHNJ’s Teresa and Joe Giudice.
A gunman wearing a FedEx driver’s uniform on ...
- Florida sheriff investigates triple homicide on lake: ‘This is a horrific scene”
By Robert Gearty | Fox News
‘This is a horrfic scene,’ sheriff says
Florida detectives said Saturday they were investigating the deaths of three close friends who drove to a ...
![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")
