- Trump Pledges ‘Peace Through Strength’ Unveiling His 2024 Hypersonic Defense Plan
By Savannah Pointer
Former President Donald Trump unveiled a new military policy as part of his 2024 presidential campaign this week, proposing to develop “a state-of-the-art, ...
- Trump: Truth About ‘Fake News’ Reporting on ‘Russia Hoax’ Is Finally Coming Out
By Janice Hisle
Former U.S. President Donald Trump says he finally sees some truth emerging about “the fake news.”
More than six years after the media began covering ...
- House Subcommittee Discusses US Development of Satellite Technology and Protecting It From Rival Threats
By Ross Muscato
A subcommittee of the House Committee on Energy and Commerce conducted a Feb. 2 hearing that focused on the use of emerging satellite technology ...
- 368 Arrested, 131 Rescued in Sex Trafficking Operation in California
By Jack Bradley
Authorities arrested 368 people and rescued 131 victims involved in human trafficking in a weeklong statewide multi-agency task force, announced Feb. 1.
“We ...
- Republicans Pass Resolution Condemning Socialism Over Democrat Opposition
By Joseph Lord
The U.S. House of Representatives on Feb. 2 passed H. Con. Res. 9, a bill “denouncing the horrors of socialism,” over opposition from Democrats.
The ...
- Kari Lake Responds to Top Arizona Election Official Demanding ‘Felony’ Probe
By Jack Phillips
GOP gubernatorial candidate Kari Lake has accused Arizona Secretary of State Adrian Fontes of weaponizing the justice system after Fontes called for an investigation into Lake’s ...
- House Passes Resolution to Remove Omar From Foreign Affairs Committee Over ‘Antisemitism’
By Joseph Lord
House Republicans on Feb. 2 passed a resolution that would remove Rep. Ilhan Omar (D-Minn.) from the chamber’s Foreign Affairs Committee.
The resolution ...
- Archives Told to Suppress Statement on Penn Biden Document Search, Republicans Say
By Lawrence Wilson
The National Archives told Congress on Feb. 1 that it had been ordered to suppress a statement regarding the classified documents found ...
- Gallup Poll: Americans Say Government Is the Number One Problem Today
By Kevin Stocklin
According to a recent Gallup poll, Americans say that government is their number one problem, beating out inflation for the top spot.
In ...
- FBI Searching Biden’s Rehoboth Beach Home in Classified Documents Probe
By Zachary Stieber
FBI agents were searching President Joe Biden’s beach home on Feb. 1, according to a lawyer who represents the president.
Agents, “with the President’s ...
- CNN Records Lowest Ratings Week in 9 Years
By Samantha Flom
CNN is ending January on a low note—the lowest the news network has seen in nine years, to be exact.
According to The Wrap, for ...
- Former Twitter Execs Set to Testify Before Congress on Hunter Biden Laptop Case
By Ryan Morgan
Former executives of Twitter are scheduled to testify before Congress about the company’s decision, ahead of the 2020 election, to suppress reporting about ...
![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")
