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By Stephanie Pagones | Fox News
‘People oughta get smart,’ Trump said.
President Trump doubled down Friday on his warnings surrounding expanded mail-in ballots, declaring November will bring the ...
- Democrat mayor suggests replacing teachers who oppose return to class
By Morgan Phillips | Fox News
Bowser seemed to allude to the union’s unwillingness to return to the classroom as a factor in the district’s decision to ...
- Ben Shapiro slams ‘gross’ pundits blaming Trump rally for Herman Cain’s death from coronavirus
By Yael Halon | Fox News
‘Spare me some of the crocodile tears on behalf of people who really are not happy with Herman Cain’s politics’
Ben Shapiro responded ...
- DeVos responds to threatened teacher strikes, says kids can’t be ‘captive to other fears or agendas’
By Charles Creitz | Fox News
Prominent teachers union leader suggested locations that insist on in-person learning could see ‘safety strike’.
Education Secretary Betsy DeVos said Thursday that ...
- Former GOP presidential candidate Herman Cain dies at 74 from coronavirus complications
By Ronn Blitzer | Fox News
Cain, 74, first went to an Atlanta hospital for treatment on July 1.
Herman Cain, the former Republican presidential candidate and affable business ...
- Virginia newspaper calls out local leaders after Richmond riots: ‘Enough is enough’
By Talia Kaplan | Fox News
An editorial in the Richmond Times-Dispatch urged elected officials to ‘show some leadership’.
A Virginia newspaper called out local leaders on Monday after a ...
- New York Post columnist describes NYC as ‘disaster area,’ predicts many who have left won’t return
By Joshua Nelson | Fox News
America’s largest city has seen increases in crime, homelessness in recent months.
New York Post opinion columnist Karol Markowicz told “Fox & ...
- Rep. Doug Collins: Why do Dems support anarchist activity over law and order?
By Julia Musto | Fox News
The Georgia Republican congressman says Dems have ‘an obsession’ with attacking Trump and now Barr.
Democrats hellbent on attacking Attorney General William Barr and President Trump need ...
- These states would lose House seats under Trump Census order
By Ronn Blitzer | Fox News
Three states would likely lose seats in the House of Representatives if President Trump’s order stands to exclude illegal immigrants from the apportionment process ...
- US attorney blasts Portland officials’ ‘nonsensical’ ban keeping police from joining fed officers
By Tyler Olson | Fox News
U.S. Attorney Billy Williams ripped the Portland ban on police working with feds.
Oregon’s U.S. Attorney Billy J. Williams told The Oregonian over the ...
- Cruz accuses Democrats of coordinated effort to keep schools, businesses closed to hurt Trump
By Gregg Re | Fox News
Teachers’ unions have sought to defund the police, tax the rich before reopening.
Texas Republican Sen. Ted Cruz on Sunday accused Democrats of deliberately ...
- American protests: Demonstrations, violent riots expected to continue throughout the country
By Stephen Sorace | Fox News
Tensions have heightened since federal officials were sent to quell riots in Portland, Oregon.
Several cities across America are bracing for more demonstrations and ...
![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")
