The news is about jobs, money, and how they affect prices!
- Lots of people have jobs now, which is good.
- But, when everyone has money, prices go up (that's called inflation).
- The Federal Reserve (the Fed) controls interest rates (the cost of borrowing money).
- High interest rates make borrowing more expensive, so people buy less, and prices may slow down.
- The Fed wants 2% inflation.
| Fact | Number |
|---|---|
| New jobs in January | 143,000 |
| Unemployment rate | 4% |
| US economic growth in 2023 | 3.1% |
| Fed's inflation target | 2% |
