rtokens: " The FOMC ( Federal Open Market Committee ) has been forecasting a slowing in economic activity and moderating household demand will have a large impact on overall economic growth , " Naroff said in a written comment .
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tokens: Economist Joel Naroff of First Union bank in Philadelphia said consumer spending , which fuels two-thirds of the nation 's economy , may be much slower in the third quarter than in the first half , which should slow economic growth .
ltokens: July 's slight gain in incomes was the weakest in six months , since January when they were flat .