Tax reform to fuel U.S. economy, stock rally in 2018

The New Year could be another big one for the economy and the markets, experts say, thanks to a recently-approved tax reform bill that could shake up the business environment in the U.S.

The White House forecasts that U.S. growth could reach 4% once the economy experiences the full effects of the tax reform law, and any materialized gain in GDP would be building upon an already solid foundation. In the third quarter of 2017, the U.S. economy grew at 3.2%, the fastest rate since the first quarter of 2015 and also the first time since 2014 that the economy expanded at a rate of 3% or more for two consecutive quarters.