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consumer spending

U.S. economy shows some muscle, housing still weak

(Reuters) – “The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.”

“Housing, however, will probably take a while to escape from its recent slump as contracts to buy previously owned homes fell to their lowest level in almost 2-1/2 years in February.”