- Kamala Harris’ flip-flops back under a microscope after VP selection
By Tyler Olson | Fox News
Pot and ‘Medicare-for-all’ are among her most high-profile changes.
Sen. Kamala Harris, who was officially announced as Joe Biden’s running mate Tuesday, has switched her stances on ...
- Health questions for Biden off-limits for media, unlike Reagan, McCain and Trump
By Brian Flood | Fox News
‘At no time in recent memory has a presidential nominee’s physical and mental health been more important,’ professor says.
The mainstream media has ...
- Trump says ‘suburban housewife’ will vote for him over Biden, cites low-income housing policies
By Adam Shaw | Fox News
‘They want safety & are thrilled that I ended the long running program where low income housing would invade their neighborhood,’ ...
- Joe Concha on Kamala Harris media coverage: Biden campaign ‘couldn’t write the narrative any better’
By Caleb Parke | Fox News
Reporter said ‘cancel culture’ will shut down criticism of Harris.
The mainstream media’s coverage of Sen. Kamala Harris, who was picked on Tuesday by Joe Biden as ...
- Biden VP pick Harris promoted group that put up bail for alleged violent criminals
By Tyler Olson | Fox News
One person bailed out: a twice-convicted rapist previously prosecuted by Amy Klobuchar.
Sen. Kamala Harris, who Joe Biden picked on Tuesday to be his running ...
- Kellyanne Conway: Democratic mayors starting to ‘lose it,’ realizing Trump will get 4 more years
By Caleb Parke | Fox News
The counselor to the president suggests Democrats strikes deals, discuss issues instead of insulting Trump.
Democratic mayors are “losing it” and attacking President ...
- American taxpayers footing NYC’s bill to house the homeless in boutique hotels
By Hollie McKay | Fox News
Advocates claimed housing more than 13,000 homeless New Yorkers in single-room, deluxe hotels will ‘bankrupt’ the city.
Since the novel coronavirus began ...
- Biden taps Kamala Harris as running mate, setting aside tensions from primary
By Paul Steinhauser | Fox News
She makes history as the first Black woman to serve as a major political party’s VP pick.
Kamala Harris, the politically shrewd California senator ...
- Trump abruptly escorted out of White House press briefing, returns to say there was a ‘shooting’ outside
By Alex Pappas | Fox News
The president said an armed person was shot by Secret Service and has been taken to the hospital.
President Trump on Monday was abruptly ...
- Minn. group that saw $$ surge, some from Biden staffers, bailed out alleged violent criminals: report
By Tyler Olson | Fox News
Convicted rapist, accused murderer among those helped with donations.
A Minnesota nonprofit that saw a huge windfall in donations during the protests and riots that followed ...
- Black male leaders warn Biden ‘will lose’ election if he doesn’t name Black female running mate
By Paul Steinhauser, Tara Prindiville | Fox News
Black female VP contenders are being ‘unfairly criticized and scrutinized,’ the statement says.
A group of over 100 Black male leaders is ...
- Trump says Schumer, Pelosi ‘want to meet to make a deal’ on coronavirus relief
By Brooke Singman | Fox News
Schumer called Trump’s executive orders ‘laughable’.
President Trump said Senate Minority Leader Chuck Schumer and House Speaker Nancy Pelosi “want to meet to make a deal” on the ...
![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")
