What to Expect From Retail Sales After the Trump Tax Cuts

In The Daily Scoop by Lauren Parker, Accessories MagazineLeave a Comment

Tax cuts have given a boost to Americans’ take-home pay this year. The question hanging over the U.S. economy is whether they are putting the extra cash toward savings and debt, or using it to go shopping. Retail-sales data due Monday from the Commerce Department will help provide an answer, and economists are betting that consumers finally opened up their wallets a little wider, thanks in part to the boost in paychecks as well as 2017 tax refunds from Uncle Sam. Sales probably rose 0.4% in March from the prior month, based on the median estimate of analysts. Read more at Bloomberg