- Hunter Biden Partner Says Payments From China Were Delayed Until Joe Biden Left Office
By Zachary Stieber
A former partner of President Joe Biden’s son has told members of Congress that members of the Biden family were not paid ...
- Inside the Brewing Fed–State Showdown at the Texas Border
By Darlene McCormick Sanchez
EAGLE PASS, Texas—A humble city park on the Texas side of the Mexican border has taken the national stage in a ...
- RFK Jr. Campaign Collects Enough Signatures to Get on New Hampshire Ballot
By Jeff Louderback
As President Joe Biden learned he had won the New Hampshire Democrat primary as a write-in candidate, independent presidential candidate Robert F. ...
- Georgia Senate Votes to Investigate Fulton County DA Fani Willis
By Tom Ozimek
The Georgia State Senate has approved legislation that paves the way for an investigation into Fulton County District Attorney Fani Willis, who ...
- Americans Flee New York and California in Droves Seeking Affordability, Quality of Life
By Mary Prenon
Fed up with skyrocketing rents and home prices, high crime, a continual influx of migrants, and other quality-of-life issues, New Yorkers and Californians ...
- Government Suppressed, Censored Concerns Over Mail-In Voting in 2020: Documents
By Austin Alonzo
Newly released documents allege that the Cybersecurity and Infrastructure Security Agency (CISA) knew it was wrong to censor concerns about the security ...
- Arizona GOP Chairman Resigns Amid Kari Lake Bribery Allegations
By Jack Phillips
The chairman of the Arizona Republican Party said he resigned from his role on Jan. 23 after a recording of him was ...
- Trump Defeats Haley in New Hampshire Primary
By Janice Hisle
NASHUA, N.H.–President Donald Trump defeated former U.S. Ambassador to the U.N. Nikki Haley in the New Hampshire Republican primary election on Jan. ...
- Davos Elites See Potential Return of Trump as Threat to Global Order
By Emel Akan
A major news item from across the Atlantic stole the spotlight at this year’s annual summit in Davos, Switzerland, where the world’s ...
- DeSantis Drops Out of Presidential Race, Endorses Trump
By Austin Alonzo
Florida Gov. Ron DeSantis has ended his campaign for the Republican Party’s 2024 presidential nomination.
On Jan. 21, in a 4 1/2 minute ...
- ‘Election Interference’: Rep. Stefanik Files Complaint Against Judge After Trump Gag Order Appeal Dismissed
By Naveen Athrappully
Rep. Elise Stefanik (R-N.Y.) filed a judicial complaint against the judge overseeing former President Donald Trump’s civil fraud case, accusing him of ...
- CISA Directs Federal Agencies to Mitigate Ivanti Software Vulnerabilities
By Aldgra Fredly
The Cybersecurity and Infrastructure Security Agency (CISA) issued an emergency directive on Friday urging agencies to mitigate vulnerabilities in Ivanti Connect Secure ...
![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 | USNN World News")
