Reported 26 days ago
As the U.S. presidential election approaches, economists suggest that the outcome could significantly influence consumer spending, primarily due to potential changes in tax policies. Jefferies' senior economist Thomas Simons highlighted that if Democrats perform well, fears of tax increases could dampen spending, especially among wealthier households who currently drive much of the economy. With consumer confidence often divided along party lines, the market may see shifts depending on election results.
Source: YAHOO