WHY HIGHER RATES AREN'T DENTING CONSUMERS' SPIRITS.

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    • Abstract:
      Discusses the United States economy and consumer spending in spring 2000. How the tight job market influences household spending; Challenge for the Federal Reserve to control consumer spending and overall demand; How signs such as home sales indicate that spending might slow down after the second quarter; Effect of consumer demand on the factory sector. INSET: JUST TAKING A FIRST-QUARTER BREATHER.