- State Governments ‘Weakest Link’ in Protecting America From ‘Enemy’ Cyberattacks
By John Haughey
United States federal agencies and the Pentagon over the last decade have imposed a matrix of restrictions on purchasing technology from companies ...
- Alameda County Sheriffs Threatened With Lawsuit for Slow, Invasive Concealed Carry Permitting
By Juliette Fairley
The Alameda County Sheriff’s Department is facing criticism over its issuing of concealed carry weapon (CCW) permits, with the California Rifle & Pistol Association ...
- Class Action Lawsuit Against Twitter Blocked, Had No Legal Basis, Judge Rules
By Efthymis Oraiopoulos
A judge ruled on Friday that several former Twitter employees who had filed a class action lawsuit against the social media giant must pursue individual arbitration ...
- House Oversight Chairman Promises ‘Swift’ Investigation After More Classified Documents Found at Biden’s Home
By Frank Fang
House Oversight Committee Chairman James Comer (R-Ky.) said that “swift congressional oversight” is coming, after the White House revealed on Jan. 14 that additional ...
- Supreme Court Agrees to Hear Claim of 94-Year-Old Minnesota Homeowner That County Unconstitutionally Seized Her Home Equity
By Matthew Vadum
The Supreme Court decided late on Jan. 13 to hear the appeal of a 94-year-old homeowner who is challenging the constitutionality of ...
- Schiff’s Office Frequently Sought Removal, ‘Deamplification’ of Content on Twitter: Twitter Files
By Samantha Flom
Staff members of Rep. Adam Schiff (D-Calif.) “wrote to Twitter quite often” to seek the suppression and removal of content they disagreed with, according to journalist ...
- Biden Document Questions: What Is TS/SCI, and Where Is the Chain of Custody?
By Nathan Worcester
Revelations keep unfolding in regard to the classified documents from President Joe Biden’s vice presidency that have been discovered at multiple locations.
Yet, ...
- Treasury Secretary Warns Congress US Will Hit Debt Ceiling Within a Week
By Jack Phillips
Treasury Security Janet Yellen warned the United States is projected to hit its $31.4 trillion debt borrowing limit by next week, according to a letter she ...
- Supreme Court’s Section 230 Case Could ‘Upend the Internet’: Google
By Bill Pan
An upcoming decision in the U.S. Supreme Court case regarding online social media companies’ liability for content posted on their platforms could transform the internet for ...
- House Republicans Officially Launch Investigations Into Biden Documents
By Jack Phillips
House Oversight Committee Chairman James Comer (R-Ky.) requested a range of documents and other materials from the White House after it was revealed that ...
- White House Dodges Questions on Biden’s Document Stash in Garage Next to Corvette
By Tom Ozimek
For the second day in a row, the White House dodged questions about the discovery of a second batch of classified documents linked to President Joe Biden, ...
- Internal Documents Show Prominent Democrats Knowingly Pushed Russiagate Lie
By Mimi Nguyen Ly and Tom Ozimek
The latest Twitter Files release shows how prominent Democrats knowingly pushed a false Russiagate-related narrative about “Russian bots” ...
![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")
