- Gun control standoff heats up in Virginia as ‘sanctuaries’ grow, big votes loom
By Sam Dorman | Fox News
A battle over gun control in Virginia with national implications is heating up as the legislature prepares to vote on sweeping new restrictions and localities band together ...
- Julian Castro drops out of 2020 presidential race
By Judson Berger, Paul Steinhauser | Fox News
Julian Castro, the former Obama housing secretary and San Antonio mayor, has dropped out of the race for the Democratic presidential ...
- Trump campaign blows past 2020 Dems with latest fundraising haul, sitting on over $100M
By Brooke Singman | Fox News
President Trump’s campaign raked in a whopping $46 million in the fourth quarter of 2019, fueled in part by a backlash from ...
- Dana Perino on 2020 fundraising numbers: ‘If I were the Democrats, I’d be kind of worried’
By Victor Garcia | Fox News
Former White House press secretary Dana Perino said Thursday that Democrats should be concerned about President Trump’s huge fundraising haul for the final quarter ...
- Dana Perino calls Bloomberg’s ‘open office plan’ the ‘worst’ idea of Democratic primary
By Victor Garcia | Fox News
Dana Perino criticized Democratic presidential hopeful Michael Bloomberg’s “open office plan” idea that the former New York City mayor tweeted about on Monday, ...
- The surprising impact that Californians flooding Texas may have on 2020 election
By Matt London | Fox News
The latest Census Bureau data shows that more than 86,000 California residents moved to Texas in 2018 alone and that’s raising the question of whether or not they ...
- CA mayor on exodus from blue states: ‘I can’t blame them’
By Julia Musto | Fox News
A mass exodus of hundreds of thousands of residents in blue states was to be expected because of their extremely high cost of living, Laguna Hills, Calif., ...
- Tomi Lahren rips Beto O’Rourke as he blames gun laws for Texas church shooting
By Matt London | Fox News
Fox Nation’s Tomi Lahren did not hold back on “anti-gun rights” Democrats in the aftermath of Sunday’s shooting at West Freeway Church of Christ in White Settlement, ...
- Hunter Biden fires back after PI claims secret bank records ‘verify’ $156M counterfeiting scheme
By Gregg Re | Fox News
Hunter Biden’s attorneys fired back Monday after a private investigation firm again attempted to stage a highly unusual intervention in his ongoing child-custody dispute in Arkansas, ...
- Strzok claims anti-Trump texts protected by 1st Amendment, administration violated his rights
By Gregg Re | Fox News
Former FBI agent Peter Strzok, who is suing the government in a bid for reinstatement, argued in a court filing in Washington, D.C., federal ...
- Industry and State Department Battle Over 5G Standards
By Bonnie Evans
WASHINGTON—In the push to develop 5G—the next generation of wireless networks, a gap has emerged between the priorities of industry and government.
Industry ...
- Most Likely Voters Say Senate Won’t Convict Trump on House Impeachment Charges
By Mark Tapscott
Seventy-three percent of respondents just before Christmas said they
think it’s “unlikely” or “not at all likely” two-thirds of the Senate
will vote to ...
![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")
