The economy is growing modestly, with consumers too wary about spending to invigorate the recovery.
That's the picture that emerged from reports Tuesday on the economy and the confidence of consumers, who power 70 percent of it. Unemployment and tight credit have sapped shoppers' willingness and ability to spend freely as retailers enter their crucial holiday season. And Americans are expected to grow more cautious about spending next year. That would make for a plodding recovery.
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