CNBC Rapid Update, which tracks forecasts from economists, fell to 1.4% after weaker consumer spending in February.
Former Federal Reserve Chairman Ben Bernanke is getting a new title -- blogger.
Consumer spending barely rose in February as households boosted savings to their highest level in more than two years.
Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February.
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