- Pompeo blasts Bolton’s book as ‘spreading a number of lies,’ calls him a ‘traitor’: ‘I was in the room too’
By Michael Ruiz | Fox News
Secretary of State Mike Pompeo dove into the controversy surrounding former national security adviser John Bolton’s new book, “The Room Where it Happened,” Thursday ...
- Cotton blasts Roberts over DACA, invites him to resign, run for office
By Edmund DeMarche | Fox News
Sen. Tom Cotton, R-Ark., said Thursday that Supreme Court Chief Justice John Roberts should resign from his position and run for office ...
- Trey Gowdy slams Bolton book: ‘For $29.95, he’s going to save you from this existential threat’
By Yael Halon | Fox News
Fox News contributor Trey Gowdy reacted to John Bolton’s allegations in his upcoming book regarding President Trump’s fitness for office by asking the former national security adviser: “If ...
- McEnany slams John Bolton: He’s taken over for James Comey as ‘most disliked man in America’
By Joshua Nelson | Fox News
White House Press Secretary Kayleigh McEnany said on Thursday former National Security Adviser John Bolton has “discredited himself” after releasing critical information about ...
- Jeffrey Epstein’s alleged ‘spy’ ties under fresh scrutiny in new book
By Hollie McKay | Fox News
The life and death of Jeffrey Epstein remain something of a sordid mystery movie.
More than 10 months since his shocking death, it is still ...
- McConnell to lead Trump campaign fundraising program encouraging GOP Senate volunteers
By Brooke Singman | Fox News
Senate Majority Leader Mitch McConnell and other top Republican senators are leading a new program for the Trump campaign’s finance committee to encourage GOP members ...
- Sean Hannity asks what Joe Biden has done ‘to help improve the lives of you, we, the American people?’
By Yael Halon | Fox News
Sean Hannity began his TV program Tuesday by asking Americans to take a long look at Joe Biden’s effectiveness over 36 years as a ...
- Nebraska officer seen fixing fallen US flag at auto-repair shop: ‘The respect it deserves’
By Frank Miles | Fox News
A Nebraska cop was caught on video attempting to rehang a fallen American flag outside of an auto repair shop on Sunday, according to a report.
A security camera ...
- Federalist’s Ben Domenech: We’re seeing how ‘Big Tech can be weaponized by woke mobs’
By Talia Kaplan | Fox News
NBC’s apparent influence over Google in punishing two conservative news sites over what was deemed offensive coverage of the George Floyd protests “is a canary ...
- Target to raise minimum wage to $15 an hour as coronavirus accelerates plans
By Dow Jones Newswire
Retailer follows through ahead of schedule on a pledge made years ago.
Target plans to raise starting wages for hourly workers to $15 ...
- Democrat Dingell compares Biden poll surge to Clinton in 2016: ‘I don’t believe these numbers’
By Ronn Blitzer | Fox News
Former Vice President Joe Biden has surged ahead of President Trump by a substantial margin in recent polls, but two Democrats from the key swing ...
- Trump’s birthday marks RNC, Trump campaign’s single best online fundraising day ever
By Gregg Re | Fox News
The Republican National Committee and the Trump campaign posted their largest online fundraising day ever on Sunday, bringing in $14 million ...
![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")
