Salient to Investors:

Economists are projecting consumer spending rose at the fastest pace in 2 years in Q1 and to slow to a 1.8 percent pace in Q2.

Ellen Zentner at Nomura Securities Intl said households are making the difficult spending choices – there is no steam going into Q2.

Ian Shepherdson at Pantheon Macroeconomic Advisors said the payroll tax increase is hurting and expects Q2 spending to rise at a much slower pace.

Read the full article at

Click here to receive free and immediate email alerts of the latest forecasts.