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By Gregg Re | Fox News
High stakes were matched by some of President Trump’s harshest campaign rhetoric yet at a rally in Fayetteville, N.C., on Monday night, with ...
- Kamala Harris apologizes for laughing after audience member calls Trump ‘mentally retarded’
By Sam Dorman | Fox News
Sen. Kamala Harris, D-Calif., claimed Saturday that she didn’t hear an audience member at a New Hampshire town hall Friday call President Trump “mentally retarded” and ...
- Dr. Robert Epstein: Study claims Google reflected ‘very dramatic bias’ in 2016 election search results
By Charles Creitz | Fox News
Google allegedly offered search results during the 2016 election season that manipulated voters in Hillary Clinton’s favor, according to researcher Dr. Robert Epstein.
The study looked into “politically ...
- Mark Sanford announces Trump primary challenge: GOP ‘has lost our way’
By Ronn Blitzer | Fox News
Former South Carolina Gov. Mark Sanford announced Sunday that he is running for president as a Republican, becoming the latest to challenge President ...
- Maine set to become first state to allow ranked voting in presidential election
By Vandana Rambaran | Fox News
Maine is poised to become the first state in the country to implement a system allowing voters to rank candidates in presidential elections.
Democratic ...
- Trump blasts ‘totally illegal’ DACA order, says Obama didn’t have the right to sign it
By Adam Shaw | Fox News
President Trump on Friday said that the Obama-era executive order granting protections to some immigrants who came to the country as minors was a ...
- Outgoing CNN contributor Eliana Johnson questions network’s decision to send her packing
By Brian Flood | Fox News
Soon-to-be former CNN on-air contributor Eliana Johnson questioned the rationale of an executive at the liberal network who said she was no longer needed because ...
- Senator Sanders’ plan to fight climate change with ‘Third World population control…is disgusting’: Stuart Varney
By Matt London | Fox News
Fox Business Network host Stuart Varney blasted 2020 Democratic Presidential candidate and Vermont Senator Bernie Sanders I-Vt., who said that as president, he ...
- Flynn Turns Tables on Prosecutors in Major Legal Blitz
BY IVAN PENTCHOUKOV
Attorneys for former national security adviser Michael Flynn launched a major legal challenge in his perjury case on Aug. 30, by seeking a contempt citation ...
- 2020 Dems cut from Houston debate rip DNC for ‘lack of transparency,’ vow to press on
By Paul Steinhauser | Fox News
MANCHESTER, N.H. – One week ahead of the Democrats’ next presidential nomination debate in Houston, three of the lower-tier candidates who failed to make ...
- Mattis derides ‘cowardice’ from anonymous official who penned New York Times’ anti-Trump op-ed
By Sam Dorman | Fox News
Former Defense Secretary James Mattis disagreed with a senior administration official’s decision to publish an anonymous op-ed critical of the president in 2018, saying ...
- Obamas accused of ‘deplorable behavior’ amid trademark dispute: ‘Not consistent with the values they preach’
By Brian Flood | Fox News
Barack and Michelle Obama have been accused of “deplorable behavior” by a Los Angeles entertainment attorney for filing a “meritless petition” amid ...
![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 5")
