WRAPUP 3-Weak spending, inflation data point to soft U.S. economy

... fiscal drag waned. The latest data suggests that's not happening," said Michelle Girard, chief economist at RBS in Stamford, Connecticut. The Commerce Department said consumer spending ticked up 0.1 percent, restrained by weak outlays on utilities ...

http://www.reuters.com/article/2013/08/30/usa-economy-idUSL2N0GV0I720130830?feedType=RSS&feedName=marketsNews