“There are heightened expectations that things like tax reform and other initiatives are going to get done and have a positive impact on household incomes, jobs and so forth,” said economist Frank Badillo, director of research at MacroSavvy™. “If those expectations are met, great. If those expectations don’t get met, then there’s a risk there of a letdown that has some negative impact on growth and spending.”
This is an excerpt from Women’s Wear Daily. The full article is found here.