Quick Analysis:

Weak U.S. consumer spending indicates a potential slowdown in economic activity, which reinforces expectations for future monetary policy easing.

Potential impact on markets:

▪️ Negative for the dollar 📉

▪️ Potentially positive for gold and metals

▪️ Could support stocks if bets on interest rate cuts increase

Summary:

The data reflects a cooling in consumer demand, which is a factor putting pressure on the dollar and re-pricing interest rate expectations

$BTC