- Biden spokesman refuses to discuss whether former VP used teleprompter to answer questions
By Sam Dorman | Fox News
‘This is straight from the Trump campaign talking points,’ TJ Ducklo tells Bret Baier.
Former Vice President Joe Biden’s national press secretary attempted to deflect a ...
- Trump reacts to ‘great honor’ of Nobel Peace Prize nomination, calls it ‘great thing for our country’
By Yael Halon | Fox News
‘It shows that we’re trying to make peace, not war all the time,’ Trump tells ‘Fox News Rundown’
President Trump welcomed his nomination for ...
- Trump speech at Michigan rally interrupted by ‘We love you’ chant
By Edmund DeMarche | Fox News
A crowd had a similar chant recently in North Carolina.
President Trump’s speech during a rally on Thursday in Freeland, Mich., was briefly interrupted ...
- Critics blast CNN’s Jake Tapper for ‘lying’ after claim about GOP candidate Sean Parnell
By Joseph A. Wulfsohn, Brian Flood | Fox News
Ric Grenell published Tapper’s denial that was made in a direct message on Twitter.
CNN anchor Jake Tapper is facing criticism for ...
- Trump challenges Woodward for sitting on coronavirus quotes
By Brooke Singman | Fox News
‘He knew they were good and proper answers,’ president tweets.
President Trump on Thursday challenged Bob Woodward, questioning why the veteran journalist didn’t report his ...
- NYC protesters, leading lives of wealth and privilege, busted for rioting
By Gabrielle Fonrouge | New York Post
Seven ‘comrades’ had their mug shots tweeted out by the NYPD early Wednesday.
The so-called revolutionaries who were busted for rioting at a New Afrikan ...
- Byron York claims he uncovered real player behind Trump impeachment push
By Caleb Parke | Fox News
The Fox News contributor told ‘The Ingraham Angle’ it didn’t take a ‘rocket scientist’ to figure out Lt. Col. Alexander Vindman ...
- Trump campaign raises $210M in August, still behind Biden’s record haul
By Brooke Singman | Fox News
Biden campaign, DNC raised an unprecedented $364.5 million in August.
The Trump campaign and Republican National Committee raked in $210 million in August, an ...
- Delaware women accused of stealing MAGA hat indicted on robbery, hate crime charges
By Evie Fordham | Fox News
The two women could spend a total of 15 years in prison, according to Delaware Online.
Two Delaware women accused of stealing a MAGA ...
- Trump takes N.Y. Dems to task after city police chief and high-ranking officers resign amid protest
By Megan Henney | Fox News
Trump blasted Cuomo, saying he has ‘no idea what to do’.
President Trump tore into New York Gov. Andrew Cuomo and Rochester’s mayor on ...
- Georgia: 1,000 people voted twice in state primary
By Fox 5 | Fox News
Georgia Secretary of State Brad Raffensperger said those voters were ‘breaking the law’.
Georgia Secretary of State Brad Raffensperger said Tuesday that 1,000 Georgians ...
- Hawaii officials intercept cult at airport, reroute group back to Colorado
By Janine Puhak | Fox News
Protesters had reportedly taken issue with the group’s ‘appropriation of Hawaiian culture’ in the previous month.
Keep it moving, folks.
Authorities have announced ...
![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")
