- Alan Dershowitz: Trump Lawsuit Against Twitter ‘Will Shake Things Up Considerably’
By Jack Phillips
Legal scholar Alan Dershowitz on Wednesday said that President Donald Trump’s class-action lawsuits against Facebook, Google, and Twitter are “very, very important” for the future ...
- Federal Judge Rejects Challenge to Georgia Voting Law
By Jack Phillips
A federal judge in Georgia declined to block portions of the recently passed Georgia election law after an organization filed a legal challenge that sought to ...
- Pennsylvania Senate Chairman Initiates Forensic Probe of 2020, 2021 Elections
By Zachary Stieber
A Pennsylvania senator announced on July 7 that he has triggered a forensic investigation of the 2020 and 2021 elections.
State Sen. Doug Mastriano, a Republican, ...
- Mike Pompeo on Critical Race Theory, 1619 Project: ‘An Attempt to Divide the Country’
By GQ Pan
Former Secretary of State Mike Pompeo has weighed in on the national debate over the teaching of critical race theory (CRT) and The New ...
- First Republican Enters Massachusetts Governor’s Race
By Ivan Pentchoukov
Former Massachusetts state Rep. Geoff Diehl (R) on July 4 announced his bid for Massachusetts governor, becoming the first major Republican candidate to enter ...
- Trump Promises to Restore Free Speech in America
By Melanie Sun
Former President Donald Trump warned at his third “Save America” rally on Saturday night that Americans no longer have free speech, describing a powerful ...
- California Recall Election Date Set for September
By Vanessa Serna
California residents will vote Sept. 14 on whether to recall Gov. Gavin Newsom, whose handling of the COVID-19 pandemic sparked fierce criticism from small businesses and the ...
- Trump Says He’s Made Up His Mind About 2024 Presidency
By Jack Phillips
Former President Donald Trump said that he has made up his mind on whether he will run for president again in 2024, but didn’t say ...
- Arizona’s Maricopa County Will Replace All Voting Machines After Audit
By Jack Phillips
Authorities in Maricopa County, Arizona, announced they will replace all voting machines following a Senate-ordered audit of the county’s 2020 election results.
The Maricopa ...
- Pennsylvania Senate Passes ‘One of the Strongest Integrity Bills’ in the Country: Committee Chairman
By Lily Sun
The Pennsylvania Senate on June 25 passed a voting reform bill after it passed in the State House on June 22. The ...
- Arizona Republican Lawmakers Vote to Strip Power From Secretary of State Katie Hobbs
By Jack Phillips
Arizona’s Republican-controlled Legislature moved to strip power from Secretary of State Katie Hobbs in election-related lawsuits, handing that power instead to the attorney general’s ...
- United States Ranks Last in Global Media Trust: Report
By Jack Phillips
A recent survey found that the United States ranks last among 46 nations in media trust, with only 29 percent of Americans who were ...
![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 10")
