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the justice department has just issued a scathing and disturbing report on the louisville police department nearly two years after a nearly two year civil rights investigation. now, attorney general merrick garland launched this probe in the months after the louisville police shot and killed an unarmed black woman, breonna taylor inside of her home. a short time ago garland explained that that botched raid in march of 2020 was part of a practice of abuses by the city. the pd leader told the department breonna taylor was a symptom of problems that we have had for years. the justice department s findings in the report that we are releasing today bear that out. and listen to this, these are just some of the very ugly examples that garland cited today. the justice department has also identified deficiencies in lmpd s response to and investigation of domestic violence and sexual assault. lmpd has relied heavily on pretextual traffic stops in black neighborhoods. some h ....
taking calipari up on his invitation and catching a home game. love that story. i love it. cnn s coverage continues right now. good morning. i m erica hill. we begin with news just in to cnn. the u.s. economy growing in the third quarter and beating expectations. the gdp, a key indicator of economic activity, rising by an annualized rate of .6%, the first period of positive growth this year following two back-to-back quarters of decline. cnn chief business correspondent christine romans with us now. this is a little better than expectations. we were expecting to see a little bump here put it in context for us. this is american consumers, they weren t buying as many couches and tvs. they were dining out, going on trips. you saw how people were spending their money changed a little bit. it was a bounceback from the doldrums of the first half of the year. the big question is it the bump before the slump? the fed has been raising interest rates very, very aggressive ....
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Economic data that jay powell and other policy makers will be watching very closely to help determine their next rate hike decision. sto so friday, we get the all-important jobs report for the month of february. next week, we get two inflation reports, the consumer price index and producer price index and retail sales. and what jay powell and other policy makers will be watching for are any science of cooling. is the medicine working. i want to show you all that the federal reserve has done this year in terms of interest rate increases. and as you can see, abby, it is a lot. 4.5% since last march. and yet we re not seeing the type of changes in the economy that you may have expected. and so, as one policy maker put out recently, you know, the data isn t really cooperating. so what we ll be watching for the next few weeks is to see, is that starting to change. are we starting to see inflation cool in a more meaningful way. are we starting to see the labor market cool in a more meaningfu ....