The outlook for next year will depend on whether the continuing weakness in the housing market affects spending.
Many drops in confidence are too small or too short to affect spending.
Overall consumer confidence does not much affect spending, they said, but the perception people have of their job security does.
It is intended to give new guidance to the Pentagon that will affect spending.
They are bedeviled by uncertainty on key questions, such as how long it takes for interest rate changes to affect spending.
Congress will soon adopt a framework for all legislation that affects spending or taxes.
Every business cycle, he notes, is layered on top of economic trends that can affect private spending and employment.
It is clear that international markets are currently subject to change, which will undoubtedly affect agricultural spending.
Slapping a 25 percent tax on all the remaining purchases in the economy, by consumers and companies alike, might well affect spending.
Other factors, like income and interest rates, also affect spending.