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Virginia Gov. Glenn Youngkin signed an executive order on Aug. 7 to implement security measures ahead of the November election.
These measures include ...
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LOUISVILLE, Kentucky—State Motor Fuel Tax (MFT) revenues are flat and even declining in some states because automobiles are increasingly more fuel-efficient, ensuring ...
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Rep. Marie Gluesenkamp Perez (D-Wash.) and her Republican challenger Joe Kent advanced to the general election runoff in Washington’s congressional primary election ...
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Prosecutors hired to investigate the search warrants executed on a Kansas newspaper, and the homes of an editor and reporter, claim that ...
- US Stocks Bounce Back After Global Market Sell-Off
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Global stocks rose in erratic trading on Tuesday following the previous day’s selloff and mounting concerns of a possible recession in the ...
- Harris Picks Minnesota Gov. Tim Walz as Her Running Mate
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Vice President Kamala Harris chose Minnesota Gov. Tim Walz as her running mate on Aug. 6, capping more than ...
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If you are battling irritable bowel syndrome (IBS), then your next prescription might be found in your kitchen.
A study published in April ...
- Trump Shooter Autopsy Report Released
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Authorities in Butler County, Pennsylvania, released a report Thursday providing more details on the death of the 20-year-old man who tried to ...
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U.S. stocks took a nosedive on Monday morning amid a worldwide stock market selloff as fears of a possible U.S. recession have ...
- Election Integrity Activist Wants Wisconsin Election Bribery Statutes Enforced
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Wisconsinite Jay Stone, president of the citizens’ group Honest, Open, and Transparent Government, has filed a complaint with the Wisconsin Elections Commission ...
- US Embassy Warns American Citizens in Lebanon to Leave on ‘Any Ticket Available’
By Jack Phillips
The United States, France, the United Kingdom, and many more countries warned their citizens to leave Lebanon as soon as possible amid ...
- Hawaii Announces $4 Billion Combined Settlement for Deadly Maui Fires
By Naveen Athrappully
A consortium of Hawaii businesses and state entities have agreed in principle to compensate and settle parties affected by the wildfires that ...
![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")
