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91. The report came out shortly after retailer JCPenney Co. lowered its earnings forecast for the year, citing expectations that consumer spending will be slow.
92. The U.S. economy shrank at an unrevised 0.5 percent rate in the third quarter, official data showed. Consumer spending plunged 3.8 percent, the biggest drop since 1980.
93. The Treasury has long been predicting an upturn in consumer spending.
94. WASHINGTON (Reuters) - Consumer spending and incomes were flat in June while home purchase contracts tumbled to a record low, implying an anemic economic recovery for the remainder of this year.
95. Evidence of slowing consumer spending and business activity has fanned fears that the economy might be on the cusp of a falling price spiral that crushes growth and interest rates.
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