US Economy Beats Expectations with 3.3% Growth in Q4 As Spending Remains Strong Despite Moderating Inflation
• U.S. GDP grew 3.3% in Q4 2022, beating estimates of 2% growth • Inflation was 3.4% in December; high inflation can reduce consumer purchasing power • Strong consumer and government spending drove economic growth • Around $3.7B in Bitcoin options and $2B in Ethereum options expire tomorrow • Bitcoin held steady around $39,817 after dipping below $39k earlier this week