E-commerce will be a central factor in future productivity growth and maintaining low inflation. E-commerce provides cost-effective, time-efficient means of transacting business and distributing goods, thereby lowering expenses and constraining inflation.
It will be a boon to stocks and to capital investment. Increasing the stock market will give business confidence a very big shock.
The likelihood of slower business growth should help dampen the Fed's concern about an overheated economy and quell talk of a hike in interest rates,