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Polls closed Tuesday night in Wisconsin’s presidential primary, which candidate Bernie Sanders has said “may very well prove deadly” — with voters waiting hours in long ...
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President Trump signaled Tuesday he may put a “very powerful hold” on funding to the World Health Organization as he lashed out at the United Nations ...
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CBS News has come under fire for a video of a nurse who claimed she quit her job because she was ...
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By Ronn Blitzer, Gregg Re | Fox News
Republicans on the House Oversight Committee are demanding that the management of the Kennedy Center explain themselves after announcing the ...
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Saying “we hope we’re seeing a leveling off in the hottest spots of them all,” President Trump revealed Sunday evening that 1.67 million people ...
- CNN’s Jim Acosta blasted for ‘mansplaining’ after interrupting Dr. Birx to attack Trump
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CNN chief White House correspondent Jim Acosta was widely blasted for interrupting Dr. Deborah Birx during Friday’s coronavirus briefing to attack President Trump.
Birx took a ...
- RFK granddaughter, 40, and son, 8, presumed dead after Chesapeake Bay mishap, family says
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An active search for two members of the Kennedy family who went missing Thursday during a boating trip on Chesapeake Bay in Maryland has been ...
- Trump fires Michael Atkinson, intelligence IG who told Congress about Ukraine phone call: report
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President Trump has reportedly fired Michael Atkinson, the inspector general for the U.S. intelligence community who alerted Congress to concerns about a ...
- Cuomo critics highlight years of taxpayer waste, amid deepening coronavirus crisis in New York
By Hollie McKay | Fox News
While coronavirus ravages New York – with officials desperately clamoring for life-saving supplies and federal assistance – attention has also turned to years of fiscal ...
- 13 veterans dead, 6 from coronavirus, at Soldiers’ Home in Holyoke
SCANDAL OF EPIC PROPORTIONS – Holyoke Mayor says facility superintendent delayed telling anyone about the deaths.
By Stefan Gellar
Thirteen veterans at Soldiers’ Home in Holyoke ...
- Pelosi pushes ‘SALT shakeup’ stimulus that could reduce her tax bill and enrich her wealthy district
By Gregg Re | Fox News
House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT) cap, a proposal ...
- New York Mayor’s Threat Against Congregations Prompts Outpouring of Condemnation from Civil Liberties Defenders
BY Mark Tapscott
New York City Mayor Bill de Blasio stepped on a bipartisan political landmine Sunday when he threatened to close permanently religious congregations hosting worship and other gatherings ...
![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")
