Hey kids, did you know that how much people spend on stuff affects the economy? Recently, Americans spent less money than expected in January! This could mean slower economic growth. This is important because it impacts lots of things, including the value of things like Bitcoin.
- People bought less stuff in January because of bad weather and other issues.
- The government is also changing some rules that might make things more expensive.
- Prices are going up a little bit, which is called inflation.
| Fact | Number |
|---|---|
| Consumer spending drop | 0.2% |
| Inflation increase (PCE) | 2.5% (yearly) |
| Economic growth prediction (Q1) | Below 2.0% |
