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By Megan Henney | Fox News
Charges were made by members of the attorney general’s office.
Top Texas Republicans are expressing concerns over new allegations that the Lone Star State’s ...
- California city flag stolen, replaced by Trump campaign banner
By David Aaro | Fox News
Police are working on identifying those responsible.
Police on Sunday were investigating a theft of a city of Long Beach flag that was reportedly ...
- Trump pledges ‘biggest tax cut ever’ if he wins in November
By Megan Henney FOXBusiness
President Trump vowed to continue lowering taxes if he defeats Democratic challenger Joe Biden on Nov. 3, tweeting from the Walter Reed National Medical Center on ...
- Trump sees approval rating increase, majority expect him to beat Biden: poll
By Sam Dorman | Fox News
The poll was conducted in the two weeks before the first presidential debate.
A poll conducted in the lead-up to Tuesday’s presidential debate showed ...
- Trump ‘doing very well’ and has no difficulty breathing, medical team says
By Adam Shaw | Fox News
President Trump is “doing very well” and has no difficulty breathing, his medical team said Saturday — the morning after he was transferred ...
- These documents reveal the left’s TERRIFYING game plan to RADICALLY change America
By Glenn Beck, BlazeTV Staff
A group close to George Soros and his allies recently used a written plan from the Transition Integrity Project, “Preventing ...
- 3 Minnesota congressmen flew on Air Force One to Trump rally Wednesday
By Audrey Conklin | Fox News
President Trump tested positive for COVID-19 on Friday.
Three Minnesota congressmen flew on Air Force One from Washington, D.C., to Minneapolis on Wednesday ahead of President Trump’s rally in Duluth, ...
- Trump team thinks Nevada is in play. Is it?
By Morgan Phillips | Fox News
The Trump campaign has been hitting Nevada harder than ever this election season, and officials seem to believe the state might be President Trump’s for ...
- Second debate moderator interned for Joe Biden, tweeted anti-Trump op-ed
By Sam Dorman | Fox News
He previously tweeted an op-ed titled “No, Not Trump, Not Ever.”
President Trump’s campaign is calling out C-SPAN anchor Steve Scully, who’s moderating ...
- After Philadelphia sees voting machine controls stolen, reporter finds lax security at warehouse
By Michael Ruiz | Fox News
Investigative journalist Max Marin said he walked right in without encountering security.
A Philadelphia reporter said he walked right into an elections warehouse Thursday, a day ...
- Trump pushes back against changes to future debates as team Biden requests ‘mute button’
By Brooke Singman, John Roberts | Fox News
The president’s tweets come amid a back-and-forth between the commission and the Trump and Biden campaigns.
President Trump on Thursday pushed back ...
- McEnany: Trump has ‘condemned’ white supremacy, but ‘shameful’ media won’t cover it
By Brooke Singman | Fox News
‘His record on this is unmistakable and it is shameful the media refuses to cover it,’ McEnany said.
White House press secretary ...
![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 7")
