While it’s too soon to say how last week’s election results might affect the economy for the rest of the year and beyond, the overall holiday season economic outlook still looks positive based on the latest economic indicators, Kleinhenz said.
However, possible tariffs, which could be enacted as soon as January, may weaken consumers’ spending power by $78 billion to $80 billion if their full scope takes effect, analysts with Telsey Advisory Group, led by Dana Telsey, said Friday in a note following a conference call with the NRF about its latest sales outlook.
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