Excerpt from Bloomberg’s latest article quoting DataTrek’s Nick Colas:
…. “The drop in oil and resulting decline in gasoline prices could also give consumers a boost heading into the holiday sales season, which should support the economy. “The U.S. consumer already has the tailwinds of low unemployment and recent wage gains to be thankful for next week,” DataTrek Research co-founder Nicholas Colas wrote in a research note Tuesday. “Lower gas prices might be what they need to make the start of Holiday 2018 better than the retail pundits expect”….
Read the whole article here on Bloomberg!