- Jared Kushner Addresses FBI Raid on Trump Home for First Time
By Jack Phillips
Former White House adviser Jared Kushner gave his first interview following the FBI raid targeting the home of his father-in-law, former President Donald Trump, on ...
- Paul Pelosi-Linked Business Has Millions in PPP Loans Forgiven
By Jack Davis, The Western Journal
The Paycheck Protection Program created to help small businesses survive the pandemic by doling out loans to help them ...
- Judge: Government Hasn’t Proven Trump Search Warrant Affidavit Should Remain Sealed
By Zachary Stieber
U.S. government officials have not presented sufficient evidence to keep a key document related to the search warrant executed at former President Donald Trump’s ...
- GOP Gov. Sununu calls Biden, Garland ‘morons’ over handling of Mar-a-Lago raid
By Emily Jacobs, Weekend News Editor
New Hampshire Gov. Chris Sununu called President Joe Biden and Attorney General Merrick Garland “morons” for not responding to Republican outrage over the FBI’s search of former President Donald Trump’s Mar-a-Lago estate.
Sununu, ...
- Ex-White House Aide: Trump’s Declassified Documents Had to Do With ‘Russiagate’
By Jack Phillips
A former top Department of Defense official, Kash Patel, said the FBI may have taken documents relating to the Russia–Trump collusion investigation.
Amid a tussle ...
- Judge Permanently Blocks Biden Oil and Gas Leasing Pause in 13 States
By Allen Zhong
A federal judge Thursday issued a permanent injunction against the Biden administration’s pause of new oil and gas leasing in federal lands.
The ...
- Experts Say Biden’s Expanded Lithium Production as Bad for Environment as Fossil Fuels
By Autumn Spredemann
Increased domestic lithium production plays a crucial role in President Joe Biden’s green energy plan, as 2021 marked the largest rollout of solar, wind, and electric ...
- Millions of iPhone Users Warned by Federal Agency to Change Settings Immediately
By Jack Phillips
Apple Inc. and a top U.S. cybersecurity agency are urging iPhone, iPad, and Macbook users and administrators to update their iOS software amid ...
- Rep. Gohmert on FBI Raid: ‘This Is Just the Start of the Snowball Rolling’
By Patricia Tolson
According to many on the right, the FBI raid on Mar-a-Lago was just another attempt by Democrats to prevent former President Donald ...
- Trump Team Calls for ‘No Redactions’ of FBI Mar-a-Lago Raid Affidavit
By Jack Phillips
A spokesman for former President Donald Trump called on the release of the affidavit used to procure an FBI search warrant of his property last week ...
- Locals React to FBI Raid on Mar-a-Lago
By Jackson Elliott
WEST PALM BEACH, Fla.—George said he thinks former president Donald Trump got what he deserved with the Mar-a-Lago raid.
But he also said the raid ...
- Florida Charges 20 With Voter Fraud, Gov. DeSantis Says
By Patricia Tolson
Twenty people in Florida who had been disqualified from voting because of felony convictions are now facing voter fraud charges, Gov. Ron DeSantis said ...
![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 8")
