- Former GOP chair blasts Newsom’s broad stay-at-home order: California too big for ‘one man to try to control’
By Talia Kaplan | Fox News
Former chairman of the California Republican Party Tom Del Beccaro pushed back on the state’s stay-at-home order on Wednesday, saying he thinks “things are going ...
- Dem VP shortlisters condemned Kavanaugh: Here’s their response to Biden accusation
By Tyler Olson | Fox News
Nine U.S. senators who have gotten buzz as potential picks to be presumptive Democratic presidential nominee Joe Biden’s running mate were in the Senate in 2018 ...
- Tara Reade blasts Hillary Clinton after Biden endorsement: She’s ‘enabling a sexual predator’
By Joseph A. Wulfsohn | Fox News
EXCLUSIVE: Tara Reade slammed Hillary Clinton for offering her endorsement to former Vice President Joe Biden on Tuesday after the former Senate staffer came forward last ...
- New evidence on Michael Flynn — drop all charges and let him sue his persecutors
By Gregg Jarrett | Fox News
Michael Flynn is the victim of one of the worst miscarriages of justice in modern times — an innocent man who ...
- Neighbor, colleague reportedly back Biden accuser Tara Reade’s claims
By Joseph A. Wulfsohn | Fox News
Two more people who knew Tara Reade in the ’90s reportedly came forward on Monday to back the former Senate staffer’s claims of ...
- New York cancels presidential primary, citing coronavirus, after Sanders camp asked to stay on ballot
By Morgan Phillips, Paul Steinhauser | Fox News
New York has canceled its Democratic presidential primary for the first time ever due to the coronavirus pandemic — igniting a backlash from supporters ...
- Potential Biden running mates not asked about sex assault allegation
By Brian Flood | Fox News
Two prominent, female Democratic vice-presidential front-runners appeared on three national political shows Sunday morning and neither were asked about explosive allegations against their ...
- Former Clinton adviser calls on Biden to withdraw over assault allegations
By Marisa Schultz | Fox News
Peter Dauo, a political activist and one-time fierce Hillary Clinton backer, urged former Vice President Joe Biden to end his presidential bid over new developments in the ...
- Biden accuser Tara Reade ‘lost total respect’ for CNN’s Anderson Cooper for not asking former VP about assault claim
By Joseph A. Wulfsohn | Fox News
The woman who has accused Joe Biden of a sexual assault in the early 1990s says she’s disappointed that CNN anchor Anderson Cooper failed to ask the presumptive ...
- High profile inmates from Michael Avenatti to Tekashi 6ix9ine who have been released from prison early because of coronavirus
By Barnini Chakraborty | Fox News
From 71-year-old federal fraudsters to Colombian drug lords, there has been a mad dash of high-profile prisoners petitioning the courts for a ...
- Journalist Rich McHugh lays out allegations against Biden: ‘She said he attacked her’
By Victor Garcia | Fox News
Tucker Carlson spoke with journalist Rich McHugh Friday to get his insight into newly- resurfaced video from 1993 that could support sexual misconduct allegations ...
- ‘The View’ ignores Tara Reade’s Biden allegations after championing Kavanaugh accusers
By Joseph A. Wulfsohn | Fox News
“The View” hosts Whoopi Goldberg, Joy Behar, Sunny Hostin, and Meghan McCain have been sounding off regularly on President Trump’s response ...
![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")
