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After all, there were signs, in retail sales and consumer confidence, of soft spending in March.
While the economy remains soft, spending by teenagers is expected to stay fairly strong this year.
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A JPMorgan economist, Michael Feroli, who said first-quarter consumer spending was tracking a 2 percent rate, cut his first-quarter growth estimate to 2.5 percent, from 3.5 percent, taking into account a surge in imports reported earlier this week and softer spending.
But in recent years, soft money spending has become virtually indistinguishable from spending by campaigns.
(No agreement was reached, and the soft money spending continues).
The soft consumer spending overshadowed a $52.2 billion increase in business inventories, which was well above the initially reported $43.8 billion rise.
Inflation in Britain is running about 2percentt as the growth outlook remains murky because of soft consumer spending and falling housing prices.
Some analysts are hoping that exports, bolstered by a weaker dollar, will help the economy skirt recession, despite a teetering housing market and soft consumer spending.
Markets had been divided on whether the central bank would opt for more stimulus as slumping oil costs and soft consumer spending have ground inflation to a halt in the world's third biggest economy.
This spring, he offered to resign, only to receive a contract extension of up to seven years from Ahold's comatose board.Ahold, which earns two-thirds of its profits in America, from supermarkets and supplying meals to institutions, is suffering from soft retail spending and competition from Wal-Mart, the world's biggest retailer.
Oracle stock down 7%; investors fear soft technology spending in hard economy.
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