An escalation of tariffs or quotas could cause supply chain disruptions.
Despite a mixed outlook on the jobs front, the index is still at a historically strong level.
The near-term outlook on business conditions and job prospects were areas of concern by consumers.
Business conditions might be somewhat flat, but the availability of jobs six months out is expected to improve.
No U.S. recession is expected in 2018 as gross domestic product growth is expected at 2.6 percent from 2017’s 2.3 percent.
Confidence over current conditions are at a nearly 16-year high.
Corporate tax policy change not expected until 2018, and renegotiation of NAFTA could “play out over several years.”