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By Chris Irvine | Fox News
Mayor Bill de Blasio called on Gov. Andrew Cuomo to apologize to the NYPD, as the feud between the two Democrat politicians showed no sign ...
- Defying His Enemies, President Trump Walks To Burned Church And Lifts Up The King James Bible, Driving The Enemies Of God Into Apoplectic Frenzy
By Nick Adams BeforeItsNews.com
President Donald Trump caused an absolute firestorm yesterday, but not because he ordered the military to take back the streets of our ...
- Sean Hannity calls out Dem leaders of cities ravaged by riots: ‘Spectacular failure on every level’
By Charles Creitz | Fox News
Sean Hannity expressed grief at the death of George Floyd Monday night, saying that the Minneapolis man’s life and death are now being overshadowed ...
- Ivy League-trained lawyer allegedly tried to pass out firebombs to protesters
By New York Post
The two attorneys busted for throwing a Molotov cocktail through a police car window during protests in Brooklyn early Saturday were ...
- Former Antifa member bashes radical group as fighting for nothing but ‘failed leftist socialist ideology’
By Charles Creitz | Fox News
A former member of the radical Antifa organization told “The Ingraham Angle” Monday that the group’s claim to be “anti-fascist” is a “false ...
- Looters run wild in Bronx as video shows NYPD officer being beaten: ‘Fordham is on fire’
By Robert Gearty | Fox News
Curfew-defying looters with free rein beat a cop to the ground in a disturbing scene caught on video, set fires on streets and ransacked ...
- George Floyd’s family releases independent autopsy showing death caused by asphyxia from sustained pressure
By Vandana Rambaran, Bradford Betz | Fox News
Attorneys for George Floyd’s family released the results of an independent autopsy report Monday showing that Floyd’s death was caused by ...
- Michigan Gov. Gretchen Whitmer lifts state’s stay-at-home order
By Ronn Blitzer | Fox News
Michigan Gov. Gretchen Whitmer announced Monday that she is lifting her state’s stay-at-home order effective next week, easing restrictions placed on businesses ...
- Police: ‘Stashes’ of bricks staged near protests were ‘to be used during a riot’
By The Daily Caller News Foundation
Police in Kansas City discovered pallets of rocks and bricks near protest sites on Sunday that they believe were ...
- Pro-Trump Georgia Democrat calls out Antifa ‘looters and hoodlums’ who hijacked Atlanta protests
By Joshua Nelson | Fox News
In the wake of the protests that erupted in Atlanta over the death of George Floyd last week in Minneapolis, Georgia State Rep. Vernon ...
- What is Antifa, the far-left group tied to violent protests?
By Gregg Re | Fox News
Antifa, the far-left militant movement that calls itself “antifascist,” has no defined organizational hierarchy or membership process. The collection of autonomous Antifa groups ...
- SpaceX spacecraft docks with International Space Station on historic NASA mission
By James Rogers | Fox News
SpaceX’s Dragon Endeavour spacecraft crewed by NASA astronauts Doug Hurley and Bob Behnken has docked with the International Space Station on its historic ...
![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")
